CRYPTO / DIGITAL ASSETS

AML / KYC

G7 Nations Imposing New Russia Sanctions Over “Sham” Referendums

By Manesh Samtani | 30/09/2022

The EU package includes an oil price cap and a complete ban on providing crypto services to Russians. UK targets include Gazprombank, Sberbank and Sovcombank board members.

AML / KYC

Japan to Adopt Travel Rule in Crypto in May 2023 – Report

By Editors | 29/09/2022

The FSA plans to submit amendments to the Act on Prevention of Transfer of Criminal Proceeds to a parliamentary session next week.

Crypto / Digital Assets

BIS Announces Successful Completion of mBridge CBDC Pilot

By Editors | 29/09/2022

The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.

Crypto / Digital Assets

FTX Wins Auction to Buy Assets of Bankrupt Voyager Digital

By Editors | 29/09/2022

FTX won a “highly competitive auction process” that lasted two weeks with the “highest and best bid for its assets”, valued at just over USD 1.4 billion.

AML / KYC

CFTC Penalises Crypto Firm, Pursues First Case Against DAO

By Editors | 29/09/2022

Crypto firm bZeroX transferred its software protocol to a DAO and then marketed this as a way to be “enforcement-proof”.

Crypto / Digital Assets

DBS Rolls Out Crypto Services to 100,000 More Investors

By Editors | 28/09/2022

Accredited wealth clients are able to trade four cryptocurrencies on DDEx – Bitcoin, Bitcoin Cash, Ethereum, and XRP.

Crypto / Digital Assets

Korea FSS Finds More Suspicious Crypto-Linked FX Transactions

By Editors | 28/09/2022

FSS investigations have so far involved 82 corporates and 12 banks. The total value of abnormal FX transactions discovered is now $7.2bn.

Crypto / Digital Assets

Korea Has Seized $182m in Crypto from Tax Delinquents

By Editors | 27/09/2022

The largest seizure from a single delinquent taxpayer was worth around KRW 12.5 billion, or about USD 8.8 million.

Crypto / Digital Assets

RBA to Commence CBDC Pilot Tests Early Next Year

By Editors | 26/09/2022

The CBDC will be called eAUD. Industry participants are invited to propose CBDC use cases, and to participate in testing. Expressions of interest are due by 31 October.