Crypto / Digital Assets

Crypto / Digital Assets

South Korea Launches Private-Public Taskforce on Digital Assets

By Sanday Chongo Kabange | 18/08/2022

The new taskforce will examine new legislation that ensures a “proper balance” between innovation, and investor protection and financial stability.

Crypto / Digital Assets

Crypto Firm Hodlnaut Applies for Judicial Management in Singapore

By Editors | 18/08/2022

The alternative of forced liquidation would be a “suboptimal solution” that would require Hodlnaut to sell users’ cryptocurrencies at “depressed asset prices”.

Crypto / Digital Assets

ASIC Concerned by Extent of Retail Investors Exposed to Crypto

By Editors | 18/08/2022

ASIC chair Joe Longo says better investor protections are needed after a survey of retail investors founr 44 percent were holding cryptocurrency.

Crypto / Digital Assets

India Freezes Crypto Exchange Assets in Money Laundering Probe

By Mark Johnston | 18/08/2022

India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.

Crypto / Digital Assets

Korea FSS Targets Illegal Short Selling, FX Transactions

By Editors | 17/08/2022

October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.

Crypto / Digital Assets

Fed Issues New Guidance to Banks Engaging in Crypto Activity

By Manesh Samtani | 17/08/2022

Banks seeking to engage in crypto-asset-related activities are directed to first notify their lead supervisory point of contact at the Federal Reserve.

AML / KYC

Three Associated with Tornado Cash Allegedly Arrested

By Manesh Samtani | 16/08/2022

Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

Crypto / Digital Assets

ISLA May Revise GMSLA to Cater to Digital Assets

By Editors | 15/08/2022

ISLA has appointed Ashurst to assess whether the standard master agreements used in securities lending may need to be extended or revised.

Crypto / Digital Assets

Thailand to Improve Protections for Crypto Investors

By Editors | 15/08/2022

The regulatory changes are in part a response to a liquidity crisis at Zipmex, one of Thailand’s leading digital asset exchanges.