Crypto / Digital Assets

Enforcement

US DOJ Files Charges Against Six Individuals Over Crypto Frauds

By Editors | 04/07/2022

Criminal charges were filed in four separate cases of alleged crypto-related fraud, including the largest known NFT scheme charged to date.

Crypto / Digital Assets

FSB Plenary Highlights Continued Financial Stability Concerns

By Editors | 03/07/2022

The FSB expressed concerns over the outlook for financial stability, volatility in commodity markets, and strains in crypto-asset markets.

AML / KYC

Limited Progress Made on Travel Rule Implementation: FATF

By Editors | 01/07/2022

Jurisdictions have made “only limited progress” over the last year to implement the travel rule in the crypto industry, the FATF says.

Capital / Liquidity

MAS Reprimands Crypto Hedge Fund Three Arrows Capital

By Editors | 01/07/2022

MAS said Three Arrows Capital exceeded its allowable AUM and gave the regulator a false representation. The company entered into liquidation this week.

Capital / Liquidity

BCBS Issues New Consultation on Banks’ Cryptoasset Exposures

By Manesh Samtani | 01/07/2022

Total bank exposures to Group 2 cryptossets would be capped at 1% of Tier 1 capital. Banks would be permitted to recognise hedging for certain Group 2 cryptoassets.

Crypto / Digital Assets

EU Lawmakers Agree on AML Framework for Crypto

By Manesh Samtani | 30/06/2022

Crypto asset service providers will be required to implement customer protection measures and robust AML/CFT safeguards including the travel rule.

Crypto / Digital Assets

Taiwan Central Bank Completes Second Phase of CBDC Testing

By Editors | 29/06/2022

The central bank will now collect feedback from the trials, seek to gain public support for the CBDC, refine its technology, and establish regulations for the digital currency.

Big Picture

WEF Offers Guidance to Policymakers on DAO Structures, Risks

By Editors | 28/06/2022

DAOs may disrupt whole sectors but they also confront challenges of cybersecurity, governance, and regulatory uncertainty, says a new WEF report.

Crypto / Digital Assets

Thai SEC Proposes to Tighten Rules for ICO Portals

By Editors | 28/06/2022

ICO portals cannot provide services for digital token offerings if there is a conflict of interest, such as in situations where they hold shares in the issuer.