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Crypto / Digital Assets
Crypto / Digital Assets
NYDFS Issues Final Rule on Bitlicense Assessment Fees
By Editors | 18/04/2023
Crypto firms with a Bitlicense will be billed five times each fiscal year, in part based on their size and complexity.
Enforcement
Russian National Receives Light Sentence for Laundering Ransomware Proceeds
By Mark Johnston | 18/04/2023
Denis Dubnikov laundered money for the Ryuk ransomware gang, but pleaded guilty and cooperated with investigators.
Crypto / Digital Assets
GDF Consults on Wolfsberg-style DDQ for VASPs
By Editors | 18/04/2023
The questionnaire is intended for use by VASPs and other financial institutions including banks for onboarding VASPs.
Crypto / Digital Assets
US SEC Charges Crypto Firm Bittrex for Not Registering
By Editors | 18/04/2023
The SEC identified six Bittrex-listed crypto tokens as securities and said the company should have registered as a broker, exchange, and clearing agency.
Crypto / Digital Assets
US SEC Reopens Consultation to Redefine ‘Exchange’
By Editors | 18/04/2023
The proposed rule would update the definition of “exchange” to include crypto trading systems, including DeFi systems. Two SEC Commissioners dissented.
Crypto / Digital Assets
UK Regulator to Impose Limits on Stablecoin Payments
By Mark Johnston | 18/04/2023
The BOE and the FCA will propose new rules by year-end to ensure stablecoins are redeemable in fiat money and do not threaten financial stability.
Crypto / Digital Assets
CME to Offer Additional BTC, ETH Options Expiries
By Editors | 18/04/2023
CME will offer expiries every business day to provide market participants with “greater precision and versatility” in managing short-term price risk.
Crypto / Digital Assets
Do Kwon Sent $7m to Law Firm Before Terra Collapse
By Editors | 17/04/2023
Korean prosecutors believe the transfer may suggest Do Kwon was aware of Terra’s impending collapse and was seeking to pre-empt the legal repercussions.
AML / KYC
Working Group Formed to Update Crypto’s IVMS101 Standard
By Manesh Samtani | 16/04/2023
The working group will update the IVMS101 standard and develop other standards to create “greater consistency and integrity” within the crypto ecosystem.
AML / KYC
US Sentences Man Who Stole Bitcoin from Silk Road to Prison
By Mark Johnston | 15/04/2023
The DOJ said James Zhong executed a scheme to trick Silk Road’s withdrawal system and steal 50,000 Bitcoin in 2012.
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