Crypto / Digital Assets

Enforcement

Korea FSS Expands Banking Industry Probe into FX Trading

By Editors | 06/07/2022

The probe was prompted by abnormal trading activity at Woori and Shinhan Bank. Other banks have been asked to conduct internal inspections.

Crypto / Digital Assets

MAS Mulls New Restrictions on Retail Investment in Crypto

By Editors | 05/07/2022

New measures may include placing limits on retail participation, and introducing new rules on the use of leverage in crypto transactions.

Crypto / Digital Assets

Crypto Hedge Fund Three Arrows Capital Files for Bankruptcy

By Manesh Samtani | 05/07/2022

The bankruptcy filing came three days after Three Arrows entered into liquidation in the British Virgin Islands.

Crypto / Digital Assets

ANZ Completes First Stablecoin Transaction Involving Carbon Credit

By Editors | 05/07/2022

ANZ client Victor Smorgon Group successfully purchased tokenised Australian carbon credits from Zerocap using A$DC as a medium of exchange.

Crypto / Digital Assets

Binance to Help Cambodia Develop Crypto Regulatory Framework

By Editors | 04/07/2022

Binance signed an MoU with Cambodia’s securities regulator to support the development of a legal framework for regulating digital asset businesses.

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.