Crypto / Digital Assets

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    AML / KYC

    NYDFS Ends Coinbase AML Probe With $100m Settlement

    By Editors | 05/01/2023

    The settlement includes a $50mn penalty and a commitment by Coinbase to invest a further $50mn in its compliance programme over the next two years.

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    Crypto / Digital Assets

    Russia’s Sberbank Issues Gold-Backed Digital Financial Assets

    By Editors | 04/01/2023

    Gold-backed DFAs “may be a great alternative to investments amid de-dollarisation”, said Sber’s first deputy chairman, Alexander Vedyakhin.

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    Crypto / Digital Assets

    Korean Court Jails Former Crypto Execs for Running Ponzi Scheme

    By Editors | 04/01/2023

    Crypto exchange V Global promised to triple investments in six months, then used funds from new members to make payouts to existing members.

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    AML / KYC

    HKMA to Scale Up AML Efforts in 2023: Carmen Chu

    By Bradley Maclean | 04/01/2023

    Executive Director Carmen Chu discusses the actions the HKMA is taking to disrupt AML threats to Hong Kong, and technology initiatives that are making a difference.

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    Crypto / Digital Assets

    US Banking Regulators Issue Statement Warning of Crypto Risks

    By Editors | 04/01/2023

    “It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system,” the statement says.

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    Crypto / Digital Assets

    US Court Sets October Date for Bankman-Fried Trial

    By Manesh Samtani | 04/01/2023

    Bankman-Fried pleaded not guilty to all eight charges against him. The court set a 2 October 2023 date for trial, which is expected to last about four weeks.

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    Crypto / Digital Assets

    China Launching National Digital Assets Platform

    By Editors | 03/01/2023

    The platform will allow users to register, store and protect intellectual property rights and digital collectibles.

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    Crypto / Digital Assets

    Japan Relaxing Rules on Stablecoins, Token Listings

    By Editors | 03/01/2023

    FSA proposes to allow crypto firms to handle transactions using foreign issued stablecoins. The JVCEA has relaxed its token listing rules.

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    Crypto / Digital Assets

    Boston Fed, MIT Conclude CBDC Research Project

    By Editors | 02/01/2023

    Project Hamilton focused on better understanding the capabilities and limitations of different technologies that might be used to manage and transfer CBDCs.

    Crypto / Digital Assets

    UK ASA Orders Removal of “Misleading” Crypto.com Ad

    By Editors | 27/12/2022

    The ASA said the ad was misleading because “it failed to illustrate the risk of investing in NFTs” and “it didn’t make clear that fees would apply”.

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