CRYPTO / DIGITAL ASSETS

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    Crypto / Digital Assets

    UPDATED – Binance Faces Added Regulatory Pressures Amid CFTC Charges

    By Editors | 05/04/2023

    Dubai’s VARA is asking Binance for more information. ASIC is meanwhile reviewing Binance’s Australia derivatives business and has cancelled its licence.

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    Capital / Liquidity

    FDIC Retains BlackRock Unit to Sell SVB, Signature Bank Securities

    By Editors | 05/04/2023

    The FDIC retained BlackRock Financial Market Advisory to sell about $114bn in securities. Signature Bank loans still in receivership will be marketed “later this summer”.

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    Crypto / Digital Assets

    Four Crypto Platforms Directed to Stop Offering Services in Japan

    By Editors | 05/04/2023

    Bybit, MEXC Global, Bitforex, and Bitget were warned against offering services to Japanese residents without registration.

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    Crypto / Digital Assets

    Delay of Voyager-Binance.US Deal Could Cost $100m

    By Editors | 05/04/2023

    The acquisition of Voyager by Binance.US is being appealed by the DOJ. Creditors say the deal must be consummated by 13 April or they stand to lose $100mn.

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    Crypto / Digital Assets

    FTX EU Begins Allowing Customers to Withdraw Funds

    By Editors | 05/04/2023

    FTX EU set up a website through which balances can be verified and requests for withdrawals in fiat currency can be made.

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    AML / KYC

    KoFIU Shares Findings from On-site Inspections at VASPs

    By Editors | 04/04/2023

    KoFIU issued reprimands, cautions and KRW 490 million in fines against five crypto exchanges, executives and employees.

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    Crypto / Digital Assets

    Crypto Firm Bittrex Announces Decision to Exit US Market

    By Editors | 03/04/2023

    A lack of regulatory clarity makes it economically unviable for Bittrex to continue operating in the US. The global platform will continue operating.

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    Crypto / Digital Assets

    US Futures SRO Issues New Rule for Crypto Activities

    By Editors | 03/04/2023

    The compliance rule covers anti-fraud, just and equitable principles of trade, disclosure, and supervision requirements for spot bitcoin and ether trading.

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    Crypto / Digital Assets

    BIS Innovation Hub to Launch Cryptoasset Data Project

    By Editors | 02/04/2023

    Project Atlas will allow users to visualise cross-border flows in cryptoasset and DeFi markets via publicly available dashboards.

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    Crypto / Digital Assets

    Japan to Create Expert Panel on CBDCs Within April

    By Editors | 02/04/2023

    The launch of the panel will coincide with the start of a digital yen pilot programme involving the BOJ and private sector participants.

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