Crypto / Digital Assets

AML / KYC

Russian Nationals Charged With Hacking Mt Gox and Operating BTC-e

By Editors | 12/06/2023

The DOJ unsealed charges against two Russian nationals for the 2011 hack of the Mt Gox crypto exchange and for laundering the proceeds.

Crypto / Digital Assets

CFTC Triumphs in Landmark Case, Establishing Legal Liability for Ooki DAO

By Editors | 12/06/2023

The judgment also imposes a fine, permanent trading and registration bans, the shutdown of Ooki DAO’s website, and the removal of its online content.

Crypto / Digital Assets

UK: New Rules for Advertising Crypto to Take Effect in October

By Editors | 11/06/2023

All cryptoasset firms marketing to UK consumers, including firms based overseas, will need to comply with the new rules.

Crypto / Digital Assets

MiCA Text Published in EU Official Journal

By Karen Ng | 10/06/2023

The provisions on stablecoins will be enforced from 30 June 2024. The provisions for crypto asset service providers will be enforced starting 30 December 2024.

Crypto / Digital Assets

Commonwealth Bank to Restrict Payments To Crypto Exchanges

By Karen Ng | 09/06/2023

Caroline Bowler, head of BTC Markets, warns that the move could push crypto investors to overseas platforms that have fewer protections.

Crypto / Digital Assets

RBI to Make CBDC QR Codes Interoperable With UPI System

By Editors | 09/06/2023

The RBI issued the e-rupee as a pilot project late last year. Deputy governor T Rabi Sankar 1 million customers will be active on the CBDC by end-of-month.

Fintech / Regtech

BIS Develops Smart Contract Prototype for SME Finance

By Editors | 09/06/2023

The prototype was developed as part of Project Dynamo, a collaboration between BIS Innovation Hub and HKMA to explore the use of digital tokens in supply chain finance for SMEs.

Crypto / Digital Assets

Australia Issues New Strategic Plan for Payments System

By Manesh Samtani | 08/06/2023

A new licensing framework will be introduced, including for payment stablecoin issuers. RBA will explore fast payment links with other jurisdictions.

Crypto / Digital Assets

US SEC’s Binance Suit Delays Korea Gopax Acquisition

By Sanday Chongo Kabange | 08/06/2023

The FSC has suspended planned management changes at crypto trading platform Gopax, which was acquired by Binance in February.