Crypto / Digital Assets

Crypto / Digital Assets

South Korea Issues First Independent DPRK Sanctions

By Editors | 12/02/2023

The sanctions came hours after South Korea and the US released a joint cybersecurity advisory detailing the threat posed by North Korean ransomware actors.

Crypto / Digital Assets

Deutsche Börse, Google Cloud Establish Partnership on Digital Assets

By Sanday Chongo Kabange | 12/02/2023

Deutsche Börse Group will leverage Google Cloud to accelerate the development of digital securities platform D7, and deliver crypto spot and derivatives products.

Crypto / Digital Assets

Russian National Pleads Guilty to Money Laundering Conspiracy

By Editors | 11/02/2023

The Russian national and unnamed co-conspirators allegedly laundered at least USD 70 million in ransom proceeds using cryptocurrency.

Crypto / Digital Assets

Visa Reveals Plans to Allow Direct Settlement Using USDC

By Sam Chen | 10/02/2023

Visa has tested the feasibility of accepting large value settlement payments in USDC, using the same process as for foreign currency transactions.

Crypto / Digital Assets

Laos Launches CBDC Proof of Concept with Soramitsu

By Editors | 10/02/2023

The PoC aims to assess how a CBDC can promote financial inclusion, improve cross-border remittances, and modernise Laotian payment systems.

Crypto / Digital Assets

Dubai’s VARA Releases Comprehensive Virtual Asset Framework

By Mark Johnston | 10/02/2023

The regulations aim to provide clarity and certainty and reduce market risks. VASPs must now register to offer virtual asset services in Dubai.

AML / KYC

Japan FSA Issues Draft Rules for Travel Rule Implementation

By Editors | 10/02/2023

The rules will implement laws passed in Japan last year, establishing requirements for Japanese crypto firms to comply with the travel rule.

Crypto / Digital Assets

US SEC Fines Kraken, Forced Shutter of Crypto Staking Programme

By Editors | 10/02/2023

Commissioner Hester Peirce disagreed with the action, saying there isn’t sufficient guidance on the SEC’s regulatory approach to staking programmes.

Crypto / Digital Assets

US SEC Close to Settling Probe Against Crypto Firm Kraken

By Editors | 09/02/2023

Commissioner Hester Peirce says the SEC “has not done a good job” in providing regulatory clarity on crypto.