CRYPTO / DIGITAL ASSETS

AML / KYC

OFAC Issues Guidance on Transacting With Tornado Cash

By Editors | 18/09/2022

US persons may request a specific licence from OFAC to complete transactions involving sanctioned crypto mixer Tornado Cash.

Crypto / Digital Assets

MAS Launches New Transformation Map for Financial Industry

By Editors | 16/09/2022

MAS will promote the FX trading ecosystem, enhance fund structures, support fintechs, improve its bond infrastructure, and scale up sustainable and transition financing.

Crypto / Digital Assets

US Heavyweights Announce Plans to Launch Crypto Exchange

By Editors | 15/09/2022

EDX Markets is backed by Citadel Securities, Fidelity Investments, Charles Schwab, Virtu Financial, Sequoia Capital and Paradigm.

Enforcement

Korea Issues Arrest Warrants for Terra Founder, Five Others

By Editors | 14/09/2022

Prosecutors say Terra coins were investment securities under Korea’s capital markets law. Do Kwon is alleged to have committed fraud.

Crypto / Digital Assets

Asset Tokenisation Increasingly Relevant in ‘Crypto Winter’ – Report

By Manesh Samtani | 14/09/2022

A new report from BCG and ADDX projects a 50-fold increase in tokenised assets by 2030, bringing the market’s value to over $16 trillion.

Capital / Liquidity

GHOS Reaffirms Expectations on Full Basel III Implementation

By Editors | 13/09/2022

BCBS oversight body reaffirmed its expectations on Basel III and discussed BCBS work underway on climate and crypto risks.

Crypto / Digital Assets

US SEC to Establish New Office for Crypto-related Filings

By Manesh Samtani | 13/09/2022

In a recent speech, SEC chair Gary Gensler highlighted the need for better disclosures for crypto investors. He also said the “vast majority” of crypto tokens are securities.

Crypto / Digital Assets

SFC Allows HashKey to Manage Funds Comprising 100% Crypto

By Editors | 13/09/2022

HashKey says it will be allowed to manage funds exclusively investing in virtual assets in compliance with the SFC’s regulations

Crypto / Digital Assets

Australian Federal Police Forms Cryptocurrency Unit

By Editors | 13/09/2022

The new unit will target assets and provide investigative tracing capabilities for all of the AFP’s commands across all of its businesses.