Crypto / Digital Assets

AML / KYC

Australia: FSC Calls for Measures to Stop Online Scam Ads

By Editors | 22/05/2022

The Financial Services Council is calling for the introduction of a mandatory code of conduct for digital platforms like Facebook and Google to prevent financial scams.

AML / KYC

US Federal Court Declares Crypto Subject to Sanctions Laws

By Mark Johnston | 20/05/2022

A newly unsealed federal court opinion supports the DOJ’s first criminal prosecution involving the use of crypto for sanctions evasion.

AML / KYC

US Warns Against Inadvertent Hiring of DPRK IT Workers

By Editors | 19/05/2022

North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.

Fintech / Regtech

SEBI Seeks to Ban Celebs from Promoting, Endorsing Crypto

By Editors | 19/05/2022

SEBI suggested to a parliamentary committee that prominent public figures be barred from promoting or endorsing crypto products.

Big Picture

Regulation Needed for ‘Shadow’ Crypto Financial System: BIS

By Manesh Samtani | 19/05/2022

As banks and asset managers increase exposure to crypto, substantial activity is still concentrated in lightly regulated crypto exchanges.

AML / KYC

US Charges Crypto CEO for Fraudulent Investment Scheme

By Mark Johnston | 19/05/2022

Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.

Crypto / Digital Assets

Nomura to Establish New Subsidiary Dedicated to Digital Assets

By Editors | 18/05/2022

The new subsidiary will combine digital asset services under a single entity that will have about 100 staff by end-2024.

Crypto / Digital Assets

Korea Regulators Probe Crypto Industry Over Terra Collapse

By Editors | 18/05/2022

Korean crypto exchanges have been asked to share their data on UST and LUNA transactions including and the number of affected investors.

AML / KYC

US Treasury Outlines Plans to Combat Illicit Finance

By Editors | 17/05/2022

Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.