Crypto / Digital Assets

    Crypto / Digital Assets

    US Regulators Probe Failed Crypto Firm Three Arrows Capital

    By Editors | 19/10/2022

    The SEC and CFTC are reportedly looking into whether Three Arrows misled investors and violated rules by not registering its business.

    Crypto / Digital Assets

    Malaysia is Liberalising Funds Industry, Says SC Chairman

    By Editors | 18/10/2022

    The SC is allowing retail funds to have exposure to digital assets and other alternative assets. Similar plans are intended for wholesale funds.

    AML / KYC

    Japan Cabinet Passes Bill to Strengthen AML System

    By Editors | 18/10/2022

    Crypto exchanges will be obliged to share information on users and screen customers against sanctions lists.

    Crypto / Digital Assets

    ASIC Places Interim Stop Orders on Three Crypto Funds

    By Editors | 17/10/2022

    Holon has disclosed the risk that assets in the three funds could face a total loss of value. ASIC considers the funds not suited to the “wide target market” defined in the TMDs.

    AML / KYC

    Hong Kong Seeks Status as Global Hub for Virtual Assets

    By Manesh Samtani | 17/10/2022

    A new policy statement to be issued at Hong Kong FinTech Week may spell out plans to include retail investors in the city’s VASP regime.

    Crypto / Digital Assets

    China Blocks 13 Crypto Apps Found to be Locally Accessible

    By Editors | 16/10/2022

    13 mobile apps for crypto trading that were still accessible in China have been removed from app stores at the direction of a Beijing court.

    Crypto / Digital Assets

    Tether Eliminates Commercial Paper from Stablecoin Reserves

    By Manesh Samtani | 15/10/2022

    “Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.

    Crypto / Digital Assets

    Thai SEC Orders Bitkub to Fix Standards of Native Token

    By Editors | 15/10/2022

    The SEC says KUB Coin’s so-called “adminTransfer” function could be used by attackers to transfer digital assets from any wallet.

    Crypto / Digital Assets

    FASB is Moving to Fair Value Accounting for Crypto Assets

    By Manesh Samtani | 14/10/2022

    The FASB has decided to move away from the current impairment model in favour of fair value accounting for crypto assets.

    AML / KYC

    US Treasury Facing 2nd Lawsuit Over Tornado Cash Sanctions

    By Editors | 14/10/2022

    Think tank Coin Center argues that the Tornado Cash sanctions harm US citizens and their ability to transact privately using the Ethereum network.

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