Crypto / Digital Assets

Crypto / Digital Assets

FDIC Orders Crypto Firms to Correct Misrepresentations

By Editors | 24/08/2022

Five crypto firms were ordered to correct false representations stating or suggesting that certain crypto-related products are FDIC-insured.

Crypto / Digital Assets

Korean Police Pilots Crypto Seizures to Settle Unpaid Fines

By Editors | 24/08/2022

The programme was introduced as a way to collect unpaid fines in a contactless way. The amount seized reportedly exceeded all collections made in the last three years.

Crypto / Digital Assets

ASIC Outlines Strategic Priorities in New Corporate Plan

By Sanday Chongo Kabange | 24/08/2022

ASIC will prioritise work to protect investors from the crypto risks, misconduct including greenwashing, and other harms.

Crypto / Digital Assets

Indonesia Stops Registering New Crypto Businesses

By Editors | 24/08/2022

The moratorium is intended to allow the regulator to focus on improving the governance of crypto exchanges that are already registered.

Capital / Liquidity

ECB Targets Harmonisation of Crypto Licensing Requirements

By Editors | 24/08/2022

The ECB will look to ensure capital requirements criteria are applied when national regulators assess crypto-related licensing requests.

Crypto / Digital Assets

Academic Study Finds Broader Front-Running Problem at Coinbase

By Mark Johnston | 23/08/2022

University of Technology Sydney researchers estimate that insider trading occurred on 10-25% of new crypto listings at Coinbase between Sept 2018 and May 2022.

Enforcement

US Court Allows Use of Crypto Firm’s Records to Identify Tax Cheats

By Editors | 23/08/2022

Crypto prime dealer SFOX will have to reveal the identities of customers who are US taxpayers and information on their crypto transactions.

Fintech / Regtech

DTCC Goes Live With New DLT-Based Settlement Platform

By Editors | 23/08/2022

The Project Ion platform is now parallel processing an average of over 100,000 bilateral equity transactions per day.

Crypto / Digital Assets

Australia Set to Begin Consultation on Crypto Regulation

By Editors | 23/08/2022

Treasury will prioritise ‘token mapping’ work in 2022, to help identify how crypto assets and related services should be regulated. A consultation will be released “soon”.