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CRYPTO / DIGITAL ASSETS
Crypto / Digital Assets
MAS Grants Ripple In-Principle Approval to Offer DPT Services
By Editors | 22/06/2023
Ripple said the licence will allow it to offer regulated digital payment token products and services in Singapore and scale on-demand liquidity service.
Crypto / Digital Assets
Japan Crypto Firms Call for Looser Margin Trading Restrictions
By Editors | 22/06/2023
An existing 2x leverage cap for retail investors is intended to curb excessive speculation and protect investors from significant losses.
Enforcement
US DOJ Charges Russian Hacker for LockBit Ransomware Attacks
By Mark Johnston | 22/06/2023
Ruslan Astamirov is the third person to be charged over the LockBit ransomware variant. A global cybersecurity advisory has also been issued.
Crypto / Digital Assets
Cuscal Introduces New Requirements for Crypto Firms in Australia
By Ranamita Chakraborty | 22/06/2023
Digital currency exchanges have to meet additional requirements to continue using services on Cuscal’s platform.
Enforcement
Terra Founder Jailed for Four Months in Montenegro
By Mark Johnston | 22/06/2023
Do Kwon and another former Terra executive were arrested in Montenegro in March for possessing fake passports.
Big Picture
French Regulator Calls for Global Approach to DeFi Regulation
By Editors | 21/06/2023
The AMF seeks a “balanced regulatory framework that will help support the sound development of decentralised finance in the long run”.
Crypto / Digital Assets
MAS Proposes Common Digital Money Standards
By Karen Ng | 21/06/2023
MAS has published a whitepaper specifying conditions for the use of digital money.
Crypto / Digital Assets
BIS Offers Blueprint for Future Monetary & Financial System
By Editors | 21/06/2023
The BIS says the future financial system will combine tokenised money and assets on a programmable platform.
AML / KYC
Japan Introduces New Tax Rules for Token Issuers
By Mark Johnston | 20/06/2023
The new tax rules exempt issuers from paying taxes on unrealised gains on tokens they issue and hold.
Crypto / Digital Assets
US FDIC Orders OKCoin to Stop Advertising Deposit Insurance
By Sanday Chongo Kabange | 19/06/2023
Crypto firm OKCoin is directed to “immediately” remove misleading statements about deposit insurance or face enforcement action.
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