Crypto / Digital Assets

Crypto / Digital Assets

UK Proposes Blanket Ban on Cold Calls for Financial Services

By Editors | 30/08/2023

The ban on cold calling, as proposed, would cover banking, payments, insurance, mortgages, various tangible investments, and cryptoassets.

Enforcement

ASIC’s New 4-Year Plan Highlights Heavy Enforcement Focus

By Editors | 29/08/2023

ASIC will target scams, digitally-enabled misconduct, predatory lending, and greenwashing, while also “closely monitoring” the use of AI.

Crypto / Digital Assets

HashKey Announces Launch of Retail Crypto Trading Service

By Editors | 29/08/2023

HashKey launched trading services for retail crypto investors, allowing them to trading in bitcoin and ether.

Crypto / Digital Assets

Korean Banks Impose New Requirements on Crypto Exchanges

By Manesh Samtani | 29/08/2023

Korean crypto exchange will need to set aside reserves worth $2.3mn, or 30 percent of their daily average deposits, whichever is greater.

Enforcement

US SEC Settles First NFT-related Enforcement Action

By Manesh Samtani | 29/08/2023

The SEC says NFTs offered and sold to investors by Impact Theory were investment contracts and therefore unregistered securities.

Crypto / Digital Assets

US Authorities Propose New Tax Reporting Rules for Crypto

By Manesh Samtani | 27/08/2023

Crypto firms, NFT platforms, and wallet providers would have to report sales and exchanges of digital assets to the IRS.

AML / KYC

HKMA to Explore Regulatory Changes to Promote Bond Tokenisation

By Sanday Chongo Kabange | 26/08/2023

The report suggests new requirements could be introduced for DLT platforms, covering areas from KYC and AML compliance to BCPs and cyber risk assessments.

Crypto / Digital Assets

US Court Jails Former OpenSea Exec for NFT Insider Trading

By Mark Johnston | 24/08/2023

Nate Chastain will spend three months in prison, followed by three months of home confinement, and three years of supervised release.

Crypto / Digital Assets

RBA Completes CBDC Research Project, Issues Findings

By Sanday Chongo Kabange | 24/08/2023

The project highlighted areas where a CBDC could enhance the payments system, but also raised a number of legal and regulatory issues.