Crypto / Digital Assets

Crypto / Digital Assets

Korean Authorities Probes Crypto Lender Delio Over Fraud Allegations

By Sanday Chongo Kabange | 03/07/2023

Regulators are investigating Delio on suspicions that it engaged in fraudulent activities, embezzlement and breach of trust.

Crypto / Digital Assets

RBNZ to Develop Monitoring Capabilities for Crypto Markets

By Sanday Chongo Kabange | 02/07/2023

The RBNZ is not planning to introduce a regulatory framework for cryptoassets until global best practice becomes clearer.

Crypto / Digital Assets

South Korea Passes Virtual Asset User Protection Bill

By Editors | 02/07/2023

The bill focuses on protecting virtual asset users and preventing unfair trading practices. The new framework will be implemented within one year.

Enforcement

UK: Financial Services and Markets Act Receives Royal Assent

By Editors | 29/06/2023

The Act sets a path to reform Solvency II, gives the FCA regulatory powers over crypto, and provides stronger protections for victims of APP fraud.

Crypto / Digital Assets

EU Commission Issues Legislative Proposal to Introduce CBDC

By Editors | 29/06/2023

The ECB will decide whether to move to the next phase of the project after its investigation phase is concluded in October.

Crypto / Digital Assets

BIS Releases Interim Report on Project Mariana

By Editors | 29/06/2023

Project Mariana is studying the use of DeFi automated market makers and wholesale CBDC for cross-border foreign exchange transactions.

Crypto / Digital Assets

FATF Publishes Update on VA, VASPs Standards Implementation

By Jill Wong | 28/06/2023

The latest FATF review on country compliance finds that markets are continuing to struggle with FATF requirements to regulate virtual asset service providers.

Crypto / Digital Assets

US Supreme Court Rules in First Crypto-related Case

By Editors | 28/06/2023

The ruling will halt class-action lawsuits against Coinbase in two California cases, and move both cases into arbitration.

Crypto / Digital Assets

New Report Details Misuse of Customer Funds by FTX

By Manesh Samtani | 28/06/2023

FTX was able to remove customers’ money from their primary deposit accounts by making misrepresentations to banks.