Crypto / Digital Assets

AML / KYC

KoFIU Fines, Suspends Crypto Lender for AML Violations

By Editors | 04/09/2023

Crypto lender Delio failed to assess money laundering risks, had KYC lapses, and failed to restrict transactions with unregistered VASPs.

Crypto / Digital Assets

SFC Grants In-Principle Approval to Swiss Crypto Bank, SEBA

By Manesh Samtani | 30/08/2023

SEBA plans to offer brokerage, advisory and asset management services in Hong Kong, covering securities, derivatives and crypto products.

Crypto / Digital Assets

US Court Orders SEC to Review Grayscale Bitcoin ETF Application

By Editors | 30/08/2023

The court said the SEC failed to adequately explain why it approved the listing of bitcoin futures ETPs but not Grayscale’s proposed spot bitcoin ETF.

Crypto / Digital Assets

Hackers Access FTX, BlockFi, Genesis Customer Data

By Mark Johnston | 30/08/2023

Kroll said the cyber actor targeted a T-Mobile account belonging to a Kroll employee in a “highly sophisticated SIM swapping attack”.

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.