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Enforcement
New York AG Files Suit Against Crypto Exchange CoinEx
By Editors | 28/02/2023
CoinEx falsely represented itself as being an exchange and did not register as a securities and commodities broker-dealer.
Crypto / Digital Assets
US Prosecutors Unveil More Charges Against FTX Founder
By Editors | 26/02/2023
The additional charges allege that Sam Bankman-Fried conspired to commit bank fraud and to make more than 300 illegal political donations.
Crypto / Digital Assets
Crypto-focused Custodia Bank Continues to Pursue Fed Master Account
By Editors | 26/02/2023
The Fed board refused to reconsider its decision to reject Custodia Bank’s application to become a member of the Federal Reserve System.
Crypto / Digital Assets
FTX Japan Processes $50m in Withdrawals on Day One of Reopening
By Editors | 25/02/2023
Japan law requires crypto exchanges to keep users’ assets segregated, which prevented FTX Japan from being included in the US bankruptcy proceedings.
Big Picture
BIS Head Outlines Vision for Future Monetary System
By Mark Johnston | 24/02/2023
Agustin Carstens said the disappearance of $2tr in value from the crypto market in 2022 proves that cryptocurrencies cannot be a viable alternative to fiat.
Crypto / Digital Assets
US Indicts Russian Actors Over Crypto Pyramid and Ponzi Scheme
By Editors | 24/02/2023
The charges include one count of conspiracy to commit wire fraud for each of the four defendants, who were among the 11 charged by the SEC last year.
Capital / Liquidity
US Regulators Warn of Liquidity Risks Tied to Crypto Assets
By Editors | 24/02/2023
US federal banking regulators highlight key liquidity risks and some effective practices to monitor and appropriately manage those risks. US […]
Crypto / Digital Assets
Regulatory Scrutiny Causing Seismic Shifts in Stablecoin Market
By Sam Chen | 24/02/2023
Since the NYDFS ordered Paxos to stop minting BUSD, the world’s third-largest stablecoin, its market cap has shrunk by over $4bn.
Crypto / Digital Assets
Hong Kong Budget to Advance Green, Crypto Hub Ambitions
By Manesh Samtani | 23/02/2023
Financial Secretary Paul Chan announced in the government’s 2023-2024 budget that he will establish and lead a task force on virtual asset development.
Fintech / Regtech
Deutsche Bank Develops Investment Servicing Platform for Digital Funds
By Editors | 23/02/2023
The platform will make it easier for firms to launch and administer digital investment funds, which may comprise crypto, tokenised securities and other digital assets.
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