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Crypto / Digital Assets
US Regulators Probe Failed Crypto Firm Three Arrows Capital
By Editors | 19/10/2022
The SEC and CFTC are reportedly looking into whether Three Arrows misled investors and violated rules by not registering its business.
Crypto / Digital Assets
Malaysia is Liberalising Funds Industry, Says SC Chairman
By Editors | 18/10/2022
The SC is allowing retail funds to have exposure to digital assets and other alternative assets. Similar plans are intended for wholesale funds.
AML / KYC
Japan Cabinet Passes Bill to Strengthen AML System
By Editors | 18/10/2022
Crypto exchanges will be obliged to share information on users and screen customers against sanctions lists.
Crypto / Digital Assets
ASIC Places Interim Stop Orders on Three Crypto Funds
By Editors | 17/10/2022
Holon has disclosed the risk that assets in the three funds could face a total loss of value. ASIC considers the funds not suited to the “wide target market” defined in the TMDs.
AML / KYC
Hong Kong Seeks Status as Global Hub for Virtual Assets
By Manesh Samtani | 17/10/2022
A new policy statement to be issued at Hong Kong FinTech Week may spell out plans to include retail investors in the city’s VASP regime.
Crypto / Digital Assets
China Blocks 13 Crypto Apps Found to be Locally Accessible
By Editors | 16/10/2022
13 mobile apps for crypto trading that were still accessible in China have been removed from app stores at the direction of a Beijing court.
Crypto / Digital Assets
Tether Eliminates Commercial Paper from Stablecoin Reserves
By Manesh Samtani | 15/10/2022
“Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.
Crypto / Digital Assets
Thai SEC Orders Bitkub to Fix Standards of Native Token
By Editors | 15/10/2022
The SEC says KUB Coin’s so-called “adminTransfer” function could be used by attackers to transfer digital assets from any wallet.
Crypto / Digital Assets
FASB is Moving to Fair Value Accounting for Crypto Assets
By Manesh Samtani | 14/10/2022
The FASB has decided to move away from the current impairment model in favour of fair value accounting for crypto assets.
AML / KYC
US Treasury Facing 2nd Lawsuit Over Tornado Cash Sanctions
By Editors | 14/10/2022
Think tank Coin Center argues that the Tornado Cash sanctions harm US citizens and their ability to transact privately using the Ethereum network.
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