Crypto / Digital Assets

Crypto / Digital Assets

Korea FSS is Investigating Crypto Staking Services – Reports

By Editors | 02/03/2023

The FSS has asked at least three crypto exchanges for data related to crypto staking services.

Crypto / Digital Assets

Korea to Address Phishing Scams Targeting Crypto Assets

By Editors | 01/03/2023

Planned legislative changes will include crypto-related phishing scams under the existing law on telecommunications-based financial fraud.

Crypto / Digital Assets

AIMA Publishes New Due Diligence Questionnaires for Digital Assets

By Editors | 01/03/2023

The DDQs are primarily designed for investors to evaluate investment and operational risks associated with allocations to digital asset investment funds.

Crypto / Digital Assets

Third FTX Executive Pleads Guilty to US Fraud Charges

By Manesh Samtani | 01/03/2023

Nishad Singh created the software code that allowed FTX customer funds to be diverted to the Alameda Research hedge fund.

Crypto / Digital Assets

Class Action Alleges Banks, VC Firms Were Complicit in FTX Fraud

By Manesh Samtani | 01/03/2023

The lawsuit seeks damages from four banks, one banking executive, ten investment firms, a law firm, and two accounting firms.

Crypto / Digital Assets

SFC Authorises HashKey to Conduct OTC Crypto Trades

By Editors | 01/03/2023

The approval allows HashKey to act as an intermediary to facilitate trades between parties including for unlisted tokens.

AML / KYC

FATF Agrees Roadmap to Strengthen Adoption of Crypto AML Standards

By Editors | 28/02/2023

The roadmap will include a stocktake of steps taken globally to regulate and supervise virtual asset service providers.

Enforcement

New York AG Files Suit Against Crypto Exchange CoinEx

By Editors | 28/02/2023

CoinEx falsely represented itself as being an exchange and did not register as a securities and commodities broker-dealer.

Crypto / Digital Assets

US Prosecutors Unveil More Charges Against FTX Founder

By Editors | 26/02/2023

The additional charges allege that Sam Bankman-Fried conspired to commit bank fraud and to make more than 300 illegal political donations.