CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Hong Kong Doubles Down on Pledge to Develop Web3

By Editors | 13/04/2023

Financial Secretary Paul Chan said crypto market volatility provides an opportunity for Web3 development. SFC official said DeFi platforms require licensing.

Big Picture

BIS Bulletin Examines Stablecoins and Tokenised Deposits

By Mark Johnston | 12/04/2023

A new BIS bulletin says private tokenised money should be configured appropriately to ensure “singleness of money”.

AML / KYC

EU-Funded Report Explores Crypto Use in Darknet Markets

By Mark Johnston | 12/04/2023

Law enforcement needs training, resources, technology and cooperation to effectively investigate darknet markets, which grew 469-fold between 2011 and 2020.

Crypto / Digital Assets

China Fines Crypto Miner Bitmain for Tax Violations

By Manesh Samtani | 12/04/2023

Bitmain’s Beijing unit failed to withhold and pay personal income tax on employees’ salaries and other benefits totalling CNY 16.6 million.

Crypto / Digital Assets

New FTX Report Reveals Extent of Control Failures

By Manesh Samtani | 11/04/2023

FTX stored private keys in plain text documents without encryption on an FTX group server that was accessible by staff.

Crypto / Digital Assets

SEB, Crédit Agricole Launch Digital Bond Issuance Platform

By Editors | 11/04/2023

The platform uses a blockchain validation protocol called “Proof of Climate awaReness”, which incentivises participating nodes to improve their environmental impact.

Enforcement

Korea Arrests More Coinone Employees Over Bribery Allegations

By Editors | 11/04/2023

The employees are accused of engaging in bribery conduct to list digital assets on Coinone’s platform.

Crypto / Digital Assets

OKX’s Ben Bowden Discusses Regulatory Response to FTX Fallout

By Editors | 10/04/2023

Ben Bowden, Global Head of Compliance at OKX, discusses the fallout from FTX, crypto regulatory approaches, and the role of proof of reserves.

Crypto / Digital Assets

ECB Official Says MiCA Still Needs Further Strengthening

By Manesh Samtani | 10/04/2023

Pre-collapsed FTX and today’s Binance would not meet the threshold for classification as ‘significant’ CASPs. Even if they did, stricter requirements wouldn’t apply.