CRYPTO / DIGITAL ASSETS

    AML / KYC

    UK: Most Crypto Firms Simply Withdrew Their FCA Applications

    By Mark Johnston | 26/07/2022

    The FCA approved 35 crypto firms out of 273 that applied for registration with the FCA under AML regulations.

    Crypto / Digital Assets

    WEF Consortium Assesses Macro Impact of Crypto, Stablecoins

    By Editors | 26/07/2022

    Allowing crypto and stablecoins to play a role in the economy will bring the “highest macroeconomic net benefit to society”, the research finds.

    AML / KYC

    UK Requires Crypto Firms to Report Sanctions Breaches

    By Editors | 26/07/2022

    New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.

    Enforcement

    Korea: Terra Investigators Seize Records from Crypto Firms

    By Editors | 26/07/2022

    Prosecutors have seized transaction records from seven crypto exchanges and some of their affiliates as part of a probe into Terra’s collapse.

    Crypto / Digital Assets

    US SEC Plans to Require Registration from Crypto Lending Firms

    By Mark Johnston | 26/07/2022

    SEC Chair Gary Gensler said many crypto lenders operate investment companies or banks, and that they should have to be registered under securities law.

    Crypto / Digital Assets

    South Korea Deferred Crypto Tax Plans Two Years

    By Editors | 25/07/2022

    The plan to tax crypto was deferred due to stagnant market conditions and a desire to first improve investor protections in the crypto sector.

    Crypto / Digital Assets

    Hong Kong as a Legal Centre of Excellence for Digital Finance

    By Troy Song | 25/07/2022

    Many crypto exchanges and institutions already choose Hong Kong as the place to resolve their disputes, but more need to be done, says Troy Song.

    Crypto / Digital Assets

    US DOJ Charges Ex-Coinbase Employee for Insider Trading

    By Manesh Samtani | 25/07/2022

    A former Coinbase employee and two others were charged. The SEC’s parallel action classifies 9 crypto tokens as securities. Coinbase files a petition.

    Big Picture

    ECB Calls Out Crypto Assets for ‘Outsized Carbon Footprint’

    By Editors | 24/07/2022

    The ECB calls on investors and financial institutions to evaluate whether crypto undermines their ESG objectives and climate strategy.

    Crypto / Digital Assets

    ISSA Finds ‘Major Upsurge’ in DLT Use in Financial Markets

    By Editors | 24/07/2022

    Over 30% of the industry using DLT in live production, finds ISSA survey, conducted by the ValueExchange with support from Accenture, Broadridge and VMWare.

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