Crypto / Digital Assets

Crypto / Digital Assets

SFC Warns of ‘Improper Practices’ by Unlicensed Crypto Exchanges

By Manesh Samtani | 08/08/2023

Some crypto exchanges have misled investors by falsely claiming they have applied for licences when in fact they have not.

AML / KYC

CBA Imposes Monthly Limit on Transfers to Crypto Exchanges

By Editors | 08/08/2023

Transfers to crypto exchanges beyond A$10,000 will be declined. In some cases, certain payments to crypto exchanges will be held for up to 24 hours, regardless of the amount.

Crypto / Digital Assets

Industry Bodies Call on IOSCO to Tackle Conflicts of Interest in Crypto

By Manesh Samtani | 06/08/2023

The WFE, GDF, IIF and FIA each address conflicts of interest in the crypto sector in their responses to IOSCO’s consultation.

Crypto / Digital Assets

India Offers Recommendations on Global Crypto Regulatory Framework

By Editors | 04/08/2023

As G20 president, India outlines global crypto regulations amidst domestic pressure from the Supreme Court for clearer crypto-related laws.

Crypto / Digital Assets

Lazarus Group Shuffles $8.5m of Stolen Crypto Across Blockchains

By Editors | 04/08/2023

The hacker group is again in the spotlight, after analysts observed the group moving approximately $8.5mn in stolen crypto across multiple blockchains.

Enforcement

US Hacker Pleads Guilty Over 2016 Bitfinex Cyber Theft

By Editors | 04/08/2023

Ilya Lichtenstein admitted to being the original hacker in the 2016 cyberattack on Bitfinex and pleaded guilty to conspiracy to commit money laundering.

Crypto / Digital Assets

HashKey, OSL Win Approvals Needed to Serve HK Retail Crypto Investors

By Manesh Samtani | 04/08/2023

As existing licence holders, both firms had to undergo only a simplified process to obtain the required approvals.

Crypto / Digital Assets

US SEC Files Charges Over $1bn in Unregistered Crypto Securities Offerings

By Editors | 01/08/2023

Richard Heart misappropriated at least $12mn of offering proceeds to purchase luxury goods, including the largest black diamond in the world.

AML / KYC

India Supreme Court Criticises Government for Not Addressing Crypto Crime

By Editors | 01/08/2023

India’s Supreme Court asked the government whether it can establish a “national specialised agency” to investigate crypto-related crimes.