Crypto / Digital Assets

Crypto / Digital Assets

WEF Consortium Assesses Macro Impact of Crypto, Stablecoins

By Editors | 26/07/2022

Allowing crypto and stablecoins to play a role in the economy will bring the “highest macroeconomic net benefit to society”, the research finds.

AML / KYC

UK Requires Crypto Firms to Report Sanctions Breaches

By Editors | 26/07/2022

New regulations will require crypto exchanges and wallet providers to comply with OFSI’s reporting obligations from 30 August 2022.

Enforcement

Korea: Terra Investigators Seize Records from Crypto Firms

By Editors | 26/07/2022

Prosecutors have seized transaction records from seven crypto exchanges and some of their affiliates as part of a probe into Terra’s collapse.

Crypto / Digital Assets

US SEC Plans to Require Registration from Crypto Lending Firms

By Mark Johnston | 26/07/2022

SEC Chair Gary Gensler said many crypto lenders operate investment companies or banks, and that they should have to be registered under securities law.

Crypto / Digital Assets

South Korea Deferred Crypto Tax Plans Two Years

By Editors | 25/07/2022

The plan to tax crypto was deferred due to stagnant market conditions and a desire to first improve investor protections in the crypto sector.

Crypto / Digital Assets

Hong Kong as a Legal Centre of Excellence for Digital Finance

By Troy Song | 25/07/2022

Many crypto exchanges and institutions already choose Hong Kong as the place to resolve their disputes, but more need to be done, says Troy Song.

Crypto / Digital Assets

US DOJ Charges Ex-Coinbase Employee for Insider Trading

By Manesh Samtani | 25/07/2022

A former Coinbase employee and two others were charged. The SEC’s parallel action classifies 9 crypto tokens as securities. Coinbase files a petition.

Big Picture

ECB Calls Out Crypto Assets for ‘Outsized Carbon Footprint’

By Editors | 24/07/2022

The ECB calls on investors and financial institutions to evaluate whether crypto undermines their ESG objectives and climate strategy.

Crypto / Digital Assets

ISSA Finds ‘Major Upsurge’ in DLT Use in Financial Markets

By Editors | 24/07/2022

Over 30% of the industry using DLT in live production, finds ISSA survey, conducted by the ValueExchange with support from Accenture, Broadridge and VMWare.