Crypto / Digital Assets

Crypto / Digital Assets

Singapore-Based Crypto Wallet BitKeep Suffers $8m Hack

By Editors | 05/01/2023

BitKeep said it is working to recover the stolen funds, some of which have already been frozen. Compensating victimised users is a top priority.

AML / KYC

NYDFS Ends Coinbase AML Probe With $100m Settlement

By Editors | 05/01/2023

The settlement includes a $50mn penalty and a commitment by Coinbase to invest a further $50mn in its compliance programme over the next two years.

Crypto / Digital Assets

Russia’s Sberbank Issues Gold-Backed Digital Financial Assets

By Editors | 04/01/2023

Gold-backed DFAs “may be a great alternative to investments amid de-dollarisation”, said Sber’s first deputy chairman, Alexander Vedyakhin.

Crypto / Digital Assets

Korean Court Jails Former Crypto Execs for Running Ponzi Scheme

By Editors | 04/01/2023

Crypto exchange V Global promised to triple investments in six months, then used funds from new members to make payouts to existing members.

AML / KYC

HKMA to Scale Up AML Efforts in 2023: Carmen Chu

By Bradley Maclean | 04/01/2023

Executive Director Carmen Chu discusses the actions the HKMA is taking to disrupt AML threats to Hong Kong, and technology initiatives that are making a difference.

Crypto / Digital Assets

US Banking Regulators Issue Statement Warning of Crypto Risks

By Editors | 04/01/2023

“It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system,” the statement says.

Crypto / Digital Assets

US Court Sets October Date for Bankman-Fried Trial

By Manesh Samtani | 04/01/2023

Bankman-Fried pleaded not guilty to all eight charges against him. The court set a 2 October 2023 date for trial, which is expected to last about four weeks.

Crypto / Digital Assets

China Launching National Digital Assets Platform

By Editors | 03/01/2023

The platform will allow users to register, store and protect intellectual property rights and digital collectibles.

Crypto / Digital Assets

Japan Relaxing Rules on Stablecoins, Token Listings

By Editors | 03/01/2023

FSA proposes to allow crypto firms to handle transactions using foreign issued stablecoins. The JVCEA has relaxed its token listing rules.