CRYPTO / DIGITAL ASSETS

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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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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”.

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    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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