CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Korea FSS Targets Illegal Short Selling, FX Transactions

By Editors | 17/08/2022

October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.

Crypto / Digital Assets

Fed Issues New Guidance to Banks Engaging in Crypto Activity

By Manesh Samtani | 17/08/2022

Banks seeking to engage in crypto-asset-related activities are directed to first notify their lead supervisory point of contact at the Federal Reserve.

AML / KYC

Three Associated with Tornado Cash Allegedly Arrested

By Manesh Samtani | 16/08/2022

Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

Crypto / Digital Assets

ISLA May Revise GMSLA to Cater to Digital Assets

By Editors | 15/08/2022

ISLA has appointed Ashurst to assess whether the standard master agreements used in securities lending may need to be extended or revised.

Crypto / Digital Assets

Thailand to Improve Protections for Crypto Investors

By Editors | 15/08/2022

The regulatory changes are in part a response to a liquidity crisis at Zipmex, one of Thailand’s leading digital asset exchanges.

Crypto / Digital Assets

Philippines: BSP to Suspend VASP Licensing for Three Years

By Editors | 15/08/2022

Starting from 1 September, new VASP licence applications will only be entertained if they come from existing BSP-supervised financial institutions.

Crypto / Digital Assets

Financial Education Gaps Prevent Retail Participation in Markets

By Manesh Samtani | 14/08/2022

New research from WEF, BNY Mellon and Accenture finds 29% of investors do not understand crypto, but nearly 40% said the same of stocks and bonds.

Crypto / Digital Assets

FSC Korea Starts Work on New Crypto Legislation

By Editors | 12/08/2022

The new “Digital Assets Basic Act” is likely to adopt various measures from 13 bills already proposed by lawmakers and pending in the National Assembly.

Crypto / Digital Assets

SEC, CFTC Propose Enhanced Reporting Rules for Hedge Funds

By Manesh Samtani | 11/08/2022

Under the proposed rules, large hedge funds and PE funds would have to report their crypto exposures for the first time.