CRYPTO / DIGITAL ASSETS

AML / KYC

US Court Orders Binance to Isolate US Business from Global Operations

By Manesh Samtani | 19/06/2023

The SEC said the “emergency relief” helps ensure that Binance.US customers are protected and their assets remain in the US.

Crypto / Digital Assets

Global Consortium Executes First “Quantum-Secure” Trade Transaction

By Sanday Chongo Kabange | 19/06/2023

The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.

Crypto / Digital Assets

HKMA Meets with Crypto Firms on Banking Access Challenges

By Karen Ng | 19/06/2023

Banks operating in Hong Kong should endeavour to meet the legitimate business need of licensed VASPs, the HKMA told Regulation Asia.

Crypto / Digital Assets

BIS Innovation Hub Concludes Joint CBDC Experiment With BOE

By Editors | 19/06/2023

Project Rosalind explored how a universal and extensible API layer could connect central bank and private sector infrastructures and facilitate retail CBDC payments.

Crypto / Digital Assets

Industry Raises Concerns Over SEC Proposal to Redefine Exchanges

By Editors | 18/06/2023

SIFMA says the SEC’s attempt to bring DeFi systems into scope could potentially subject other non-DeFi broker-dealer systems to unnecessary regulation.

Big Picture

Banque de France Says Second Version of MiCA is Needed

By Editors | 17/06/2023

Francois Villeroy de Galhau highlighted that MiCA currently does not cover crypto conglomerates, crypto lending, DeFi and NFTs.

Crypto / Digital Assets

Crypto Lender Abra Faces Regulatory Action in Texas

By Mark Johnston | 17/06/2023

The Texas State Securities Board alleges that Abra has been making false statements and transferring assets to risky platforms.

AML / KYC

US Judge Splits Bankman-Fried Charges into Two Separate Trials

By Manesh Samtani | 16/06/2023

Extradition from the Bahamas was agreed to based on only eight charges, not the full 13 charges Sam Bankman-Fried now faces.

Crypto / Digital Assets

ESMA Sets Out Plans for Crypto Rule Consultations

By Editors | 15/06/2023

With MiCA now in force, ESMA said it would consult on a range of technical standards that will be published in three packages.