Crypto / Digital Assets

AML / KYC

DOJ Calls for Stronger International Cooperation on Crypto Crime

By Editors | 08/06/2022

The paper says the US should help foreign nations develop the tools, technical expertise, and infrastructure necessary to conduct complex crypto-related investigations.

Crypto / Digital Assets

Investment Scams On the Rise in Australia: ACCC

By Editors | 08/06/2022

Australia has seen a sharp increase in investment scams this year. Text messages have become the most common scam contact mode.

Crypto / Digital Assets

US Senators Propose Regulatory Framework for Crypto Assets

By Manesh Samtani | 08/06/2022

The CFTC would be granted authority over crypto spot markets, based on the understanding that “most digital assets are more similar to commodities than securities”.

Crypto / Digital Assets

BIS Paper Explains Why Crypto Cannot Function as Money

By Editors | 08/06/2022

Fragmentation without interoperability implies that cryptocurrencies cannot fulfil the role of money as a coordination device, the paper says.

Crypto / Digital Assets

Hong Kong SFC Issues Warning on NFT-related Risks

By Editors | 06/06/2022

Some NFTs have ‘crossed the boundary’ between a collectible and a financial asset, which would bring them under the SFC’s remit and require licensing.

AML / KYC

EU Proposes to Make AML Compliance a Licence Condition

By Editors | 05/06/2022

EBA, EIOPA and ESMA propose that AML/CTF compliance be a specific requirement for firms, including crypto firms, to obtain and maintain their licences.

Crypto / Digital Assets

Japan Approves Law Clarifying Legal Status of Stablecoins

By Manesh Samtani | 05/06/2022

Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.

Crypto / Digital Assets

Korea FSS Probes Use of Crypto by Payment Firms

By Manesh Samtani | 04/06/2022

Regulators also plan to launch a ‘Digital Assets Committee’ this month to bring additional safeguards and regulatory structure to Korea’s crypto industry.

Crypto / Digital Assets

CFTC Files Suit Against Winklevoss-founded Crypto Exchange

By Editors | 03/06/2022

The CFTC says Gemini misled the regulator about whether it could prevent manipulation in the prices used as a benchmark for a bitcoin futures contract.