CRYPTO / DIGITAL ASSETS

    AML / KYC

    Hong Kong Publishes ML/TF Risk Assessment Report

    By Manesh Samtani | 12/07/2022

    The most prominent ML threats to banks come from fraud, corruption and tax crimes. The main ML threats to the crypto sector relate to fraud and theft.

    Crypto / Digital Assets

    FSB Issues Statement on Crypto Assets Ahead of G20 Meeting

    By Editors | 11/07/2022

    The statement clarifies that so-called stablecoins and other crypto-assets “do not operate in a regulation-free space”.

    Crypto / Digital Assets

    Fed Vice Chair Calls for Swift Action on Crypto Regulation

    By Editors | 11/07/2022

    This is the right time to establish which crypto activities are permissible for regulated entities and under what constraints, Lael Brainard said.

    Crypto / Digital Assets

    US Treasury Outlines Approach to International Engagement on Crypto

    By Editors | 11/07/2022

    The US will promote the adoption and implementation of international standards while ensuring a “coordinated message” and limiting duplication of work.

    Crypto / Digital Assets

    Crypto Firm Voyager Digital Files for Bankruptcy, FDIC Opens Probes

    By Editors | 08/07/2022

    Voyager previously used wording on a company web page implying that deposit protection could apply in the event of the company’s own failure.

    Crypto / Digital Assets

    IOSCO Outlines Planned Work to Address Crypto Market Risks

    By Editors | 07/07/2022

    The roadmap will initially focus IOSCO’s Fintech Taskforce on work to analyse and respond to market integrity and investor protection concerns.

    Crypto / Digital Assets

    South Korea Launches First Crypto Bank Service

    By Editors | 07/07/2022

    The “crypto bank” offers multiple financial services for crypto assets including deposits, loans, asset transactions, and withdrawals.

    Crypto / Digital Assets

    Chinese Bigtechs Pledge to Prevent, Deter NFT Speculation

    By Editors | 07/07/2022

    Tencent and Ant Group are among those that have pledged to adhere to China’s crypto ban and prevent speculation on platforms that deal in ‘digital collectibles’.

    Crypto / Digital Assets

    Japanese Brokerages to Launch Digital Token Operations – Report

    By Editors | 07/07/2022

    Nomura and SBI will invest in and offer services to support startups and other companies that are looking to raise funds using digital tokens.

    Crypto / Digital Assets

    Crypto Industry Seeks Public Sector Support on Sanctions Issues

    By Manesh Samtani | 06/07/2022

    More than 15 million crypto addresses have been linked to criminal activity with a nexus in Russia, a new GDF report says.

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