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Crypto / Digital Assets
Court Allows Binance.US to Buy Voyager Despite SEC Objection
By Editors | 09/03/2023
The court said the SEC’s objection was “vague”, that it failed to present any evidence, and that it should not have waited until the last minute to raise its concerns.
AML / KYC
HK Losses from Crypto Scams Exceeded $200m in 2022
By Editors | 08/03/2023
Financial losses from crypto-related scams accounted for more than half of the total value lost through technology crime last year, police say.
Crypto / Digital Assets
FTX’s Alameda Sues Grayscale for Trapped Crypto Assets
By Manesh Samtani | 08/03/2023
Alameda accuses Grayscale and its owner Digital Currency Group of “brazen abuse” of their control over nearly USD 19 billion of digital assets held in two trusts.
Crypto / Digital Assets
US Court Authorises Emergency Freeze on Crypto Hedge Fund Assets
By Editors | 08/03/2023
BKCoin and one of its co-founders commingled client money and used some make “Ponzi-like payments” to other investors.
Enforcement
Singapore Police are Investigating Terraform Labs – Report
By Editors | 06/03/2023
Singapore police confirmed “ongoing” investigations into Terraform Labs, which is also being sued by the US SEC following its collapse last May.
Crypto / Digital Assets
BIS Innovation Hub Nordic Centre Completes Retail CBDC Project
By Editors | 06/03/2023
Project Icebreaker shows that different countries can implement different CBDC solutions and still participate in a formalised interlinking arrangement to enable instant cross-currency transactions.
Crypto / Digital Assets
Crypto Focused Bank Silvergate Edges Towards Closure
By Manesh Samtani | 06/03/2023
Silvergate warned that it was evaluating its ability to operate as a going concern, prompting client departures and the discontinuation of its crypto payments network.
Crypto / Digital Assets
Japanese Banks Commence Stablecoin Issuance Experiment
By Editors | 03/03/2023
Tokyo Kiraboshi FG, Minna Bank and Shikoku Bank will issue a stablecoin using a system developed by Web3 infrastructure company GU Technologies.
Crypto / Digital Assets
FSB-IMF Paper to Support Global Policy Approach to Crypto
By Editors | 03/03/2023
An “IMF-FSB Synthesis Paper” due to be published in September will support a “coordinated and comprehensive policy approach to crypto-assets”.
Capital / Liquidity
BCBS Adds New Monitoring Dashboard for Banks’ Crypto Exposures
By Editors | 03/03/2023
In the first six months of 2022, cryptoassets under custody at banks declined 66 percent, largely due to fewer banks participating in the exercise.
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