CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

FSB to Prioritise Implementation of Post-Crisis Reforms

By Mark Johnston | 26/02/2025

The FSB will conduct a strategic review of 15 years of post-crisis reforms to identify areas for improvement in ensuring consistent, global implementation.

AML / KYC

New Sanctions Announced to Mark Third Year of Ukraine War

By Editors | 25/02/2025

EU, UK, Canada, Australia, New Zealand sanctions target circumvention via third countries, Russia’s shadow fleet, financial institutions, trade

AML / KYC

Nigeria Sues Binance for Economic Losses and Back Taxes

By Nithya Subramanian | 25/02/2025

The tax authority contends that Binance has a “significant economic presence” in Nigeria, making it liable for corporate income tax.

Crypto / Digital Assets

FSB Launches Thematic Review of Global Crypto Regulatory Framework

By Thisanka Siripala | 25/02/2025

The FSB is inviting feedback to evaluate progress made by countries in implementing its global regulatory framework for crypto-asset activities.

Crypto / Digital Assets

Bybit Falls Victim to $1.5bn Crypto Theft, the Largest in History

By Thisanka Siripala | 24/02/2025

The theft was reportedly orchestrated by North Korea’s Lazarus Group. Security experts are investigating how the self-custodial multi-sig wallet used by Bybit was compromised.

Market Infrastructure

ECB to Launch Settlement Platform for DLT-based Transactions

By Thisanka Siripala | 24/02/2025

The ECB said the long-term strategy seeks to support international financial transactions while maintaining the stability of the European financial ecosystem.

Enforcement

US SEC Dropping Cases Against Coinbase, OpenSea

By Thisanka Siripala | 24/02/2025

Coinbase said this is not just a victory for the company, but also for its customers, the US, and “individual freedom”.

Crypto / Digital Assets

StraitsX Partners with StanChart on Stablecoin Reserve Management

By Nithya Subramanian | 24/02/2025

StraitsX said its stablecoins are “fully-backed” and issued in compliance with the MAS’ upcoming stablecoin regulatory framework.

Crypto / Digital Assets

Japan to Ease Stablecoin and Crypto Brokerage Regulations

By Thisanka Siripala | 24/02/2025

The reforms would introduce a new “intermediary” category for crypto brokerage businesses and allow stablecoins to be backed by a broader range of assets.