Crypto / Digital Assets

AML / KYC

FTX Founder Arrested, Charged by SEC, SDNY, CFTC

By Sanday Chongo Kabange | 14/12/2022

US authorities have charged Sam Bankman-Fried for defrauding customers, investors, lenders, and campaign finance violations.

Crypto / Digital Assets

SFC Issues Fresh Warning About Virtual Asset Risks

By Editors | 14/12/2022

The SFC warns that virtual asset platforms may on-lend customer assets or them in investment or other activities, which could potentially lead to a “total loss”.

Crypto / Digital Assets

US SEC Directs Issuers to Detail Exposures to Crypto and Related Impacts

By Editors | 13/12/2022

Separately, US senators asked banking regulators to provide details on banks that have engaged in crypto-related services.

Crypto / Digital Assets

EU Commission Proposes New Tax Transparency Rules for Crypto

By Editors | 13/12/2022

New requirements to report crypto-asset, e-money and digital currency transactions are expected to enter into force on 1 January 2026.

Crypto / Digital Assets

FTX Japan Authorised to Continue Operating to Repay Customers

By Editors | 13/12/2022

The FSA had ordered FTX Japan to suspend business operations by 9 December. The extension until 9 March 2023 will allow it to return funds to users.

AML / KYC

Chinese Police Arrest 63 Members of Crypto Money Laundering Gang

By Editors | 13/12/2022

The gang is estimated to have laundered up to CNY 12 billion for both domestic and foreign criminal groups using cryptocurrency.

Capital / Liquidity

UK Proposes Extensive Overhaul of Financial Services Regulations

By Manesh Samtani | 12/12/2022

The reforms include overhauls of the ring-fencing and senior managers regimes, a new green finance strategy, and an investment management exemption for cryptoassets.

AML / KYC

EU Council Agrees Position on AML/CFT Reform Package

By Manesh Samtani | 11/12/2022

The package includes AML/CFT rules for the crypto sector and a ban on cash payments over EUR 10,000, among other measures.

Crypto / Digital Assets

RBNZ to Start Monitoring Local Use of Crypto, Stablecoins

By Manesh Samtani | 11/12/2022

The monitoring framework will help the RBNZ understand how the market for new forms of money is developing and the implications for the monetary system.