Crypto / Digital Assets

Crypto / Digital Assets

Korea: Man Arrested for Allegedly Stealing Bithumb Funds

By Editors | 06/02/2023

Kang Jong-Hyun is suspected of conspiring to manipulate the stock price of Bithumb affiliates and steal KRW 60 billion in company funds.

Crypto / Digital Assets

FSC Korea Details Plans to Introduce Security Token Regulations

By Manesh Samtani | 06/02/2023

Investors are expected to be able to trade security tokens in 2024 through the digital platforms of major securities firms. General investors will be subject to investment limits.

Crypto / Digital Assets

US Authorities Probe Crypto Bank Silvergate Over FTX Dealings

By Editors | 06/02/2023

The criminal probe is said to be focused on Silvergate’s dealings with the now-bankrupt FTX and Alameda Research, and its hosting of accounts tied to both companies.

Crypto / Digital Assets

Australian Treasury Issues Token Mapping Consultation Paper

By Manesh Samtani | 06/02/2023

The paper distinguishes four major types of crypto-related products to help conceptualise how they might fit within existing regulatory frameworks.

Crypto / Digital Assets

“My Big Coin” Crypto Founder Gets Eight Year Jail Sentence

By Sam Chen | 04/02/2023

In the first sentencing of a crypto founder for a marketing fraud, prosecutors said Randall Crater defrauded investors of more than $7.5mn.

Crypto / Digital Assets

Looking Beyond the Hype of Cryptoassets

By Olivier Fines | 03/02/2023

Oliver Fines says fiduciaries have no excuse for their falling prey to hype associated with crypto, as principles of prudence, care and loyalty should continue to apply.

Crypto / Digital Assets

China: Hainan to Increased Scrutiny of ‘Digital Collectibles’ Industry

By Editors | 03/02/2023

Hainan authorities issued a notice highlighting the risks of fraud, money laundering, and illegal fund-raising in relation to digital collectibles, the term used for NFTs in China.

AML / KYC

UK Launches Consultation on Regulatory Framework for Crypto

By Manesh Samtani | 01/02/2023

The framework will require crypto exchanges to define token listing standards, strengthen rules for intermediaries and custodians, and introduce a crypto market abuse regime.

Crypto / Digital Assets

EIB Issues First GBP Digital Bond on Public Blockchain

By Editors | 01/02/2023

The issue marks the first ever digital bond denominated in GBP, as well as the first public issuance on Orion, HSBC’s new tokenisation platform.