Crypto / Digital Assets

Crypto / Digital Assets

China CBDC App Integrates WeChat Pay as Payment Option

By Mark Johnston | 09/03/2023

PBOC’s e-CNY app aims to make digital currency more accessible, but adoption remains slow. The PBOC’s (People’s Bank of China) […]

AML / KYC

Korea Customs: Crypto Involved in 70pc of Illicit Fund Flows in 2022

By Editors | 09/03/2023

The illicit crypto transactions were mostly aimed at purchasing foreign virtual assets with the intention of exploiting the so-called “Kimchi premium”.

Crypto / Digital Assets

Court Allows Binance.US to Buy Voyager Despite SEC Objection

By Editors | 09/03/2023

The court said the SEC’s objection was “vague”, that it failed to present any evidence, and that it should not have waited until the last minute to raise its concerns.

AML / KYC

HK Losses from Crypto Scams Exceeded $200m in 2022

By Editors | 08/03/2023

Financial losses from crypto-related scams accounted for more than half of the total value lost through technology crime last year, police say.

Crypto / Digital Assets

FTX’s Alameda Sues Grayscale for Trapped Crypto Assets

By Manesh Samtani | 08/03/2023

Alameda accuses Grayscale and its owner Digital Currency Group of “brazen abuse” of their control over nearly USD 19 billion of digital assets held in two trusts.

Crypto / Digital Assets

US Court Authorises Emergency Freeze on Crypto Hedge Fund Assets

By Editors | 08/03/2023

BKCoin and one of its co-founders commingled client money and used some make “Ponzi-like payments” to other investors.

Enforcement

Singapore Police are Investigating Terraform Labs – Report

By Editors | 06/03/2023

Singapore police confirmed “ongoing” investigations into Terraform Labs, which is also being sued by the US SEC following its collapse last May.

Crypto / Digital Assets

BIS Innovation Hub Nordic Centre Completes Retail CBDC Project

By Editors | 06/03/2023

Project Icebreaker shows that different countries can implement different CBDC solutions and still participate in a formalised interlinking arrangement to enable instant cross-currency transactions.

Crypto / Digital Assets

Crypto Focused Bank Silvergate Edges Towards Closure

By Manesh Samtani | 06/03/2023

Silvergate warned that it was evaluating its ability to operate as a going concern, prompting client departures and the discontinuation of its crypto payments network.