Crypto / Digital Assets

Capital / Liquidity

FSB to Develop and Run Global Bank Stress Test

By Manesh Samtani | 31/03/2023

The FSB’s work programme for 2023 includes plans to develop and run a global bank stress test in cooperation with the BCBS.

Crypto / Digital Assets

US SEC Forces Shut Down of Crypto Platform Beaxy

By Sanday Chongo Kabange | 30/03/2023

The SEC charged Beaxy and its affiliates for performing the functions of an exchange, broker, clearing agency, and dealer without registration.

AML / KYC

HKMA, SFC to Host Discussions Between Crypto Firms & Banks

By Editors | 30/03/2023

A roundtable will take place on 28 April at the HKMA to facilitate dialogue and experience sharing regarding opening and maintaining bank accounts.

AML / KYC

EBA Drafts Amendments to AML Guidance to Account for Crypto Risks

By Mark Johnston | 29/03/2023

The amendments are part of efforts to implement MiCA, which is due to be voted on in April.

Crypto / Digital Assets

Australia: Senator Introduces New Crypto Regulation Bill

By Editors | 29/03/2023

Senator Andrew Bragg said Australia’s crypto regulation has stalled and the government’s “token mapping” consultation programme is too slow.

Enforcement

US Prosecutors Charge FTX Founder for FCPA Violation

By Editors | 29/03/2023

Sam Bankman-Fried allegedly bribed at least one Chinese official to secure the release of $1bn in frozen assets.

Crypto / Digital Assets

Mainland Banks Offer Services to Hong Kong Crypto Firms

By Editors | 28/03/2023

Mainland Chinese banks have reportedly started offering banking services to crypto firms in Hong Kong, which is seeking to become a major digital assets hub.

AML / KYC

CFTC Alleges Binance is Operating in the US Illegally

By Editors | 28/03/2023

The CFTC says Binance’s US activities were subject to registration and regulatory requirements but that key executives deliberately disregarded these requirements.

Crypto / Digital Assets

US SEC Warns Against Investing in Crypto Assets

By Sanday Chongo Kabange | 24/03/2023

The SEC warns against dealing with unregistered crypto platforms and in unregistered crypto asset securities, though it doesn’t have a registration path for such products.