CRYPTO / DIGITAL ASSETS

Enforcement

FTX Begins Creditor Repayments After Three-Year Wait

By Nithya Subramanian | 23/02/2025

The FTX estate has started distributing funds to creditors, with initial payouts prioritising small claims under $50,000.

Crypto / Digital Assets

US SEC Launches Cyber and Emerging Technologies Unit

By Nithya Subramanian | 21/02/2025

The unit will “root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies”

Enforcement

India Enforcement Directorate Seizes $190m Related to BitConnect Scam

By Nithya Subramanian | 21/02/2025

The ED the f’s investigation revealed that the founder of BitConnect and his associates ran an unregistered, fraudulent investment scheme.

Crypto / Digital Assets

Fraud Uncovered in Secondary Market for FTX Debt Claims

By Nithya Subramanian | 21/02/2025

An investigation by Inca Digital revealed that a scam group used fake identities to impersonate claim holders and made away with $5.6mn.

Crypto / Digital Assets

SFC Grants Virtual Asset Trading Platform Licence to Bullish

By Sanday Chongo Kabange | 20/02/2025

The SFC has granted Bullish a licence to operate as a VATP, making it the 10th licence applicant to receive this approval.

Crypto / Digital Assets

SFC Unveils Roadmap for Achieving Virtual Assets Hub Ambitions

By Sanday Chongo Kabange | 20/02/2025

The roadmap includes potentially allowing virtual asset derivatives, margin financing, and staking and lending services.

AML / KYC

Digital Currency Exchanges on Notice Amid AUSTRAC Compliance Blitz

By Nathan Lynch | 20/02/2025

Crackdown from AUSTRAC could be just the tip of the iceberg for crypto exchanges, as some could also face follow-up enforcement action.

Crypto / Digital Assets

Standard Chartered Forms JV to Issue HKD-Backed Stablecoin

By Sanday Chongo Kabange | 19/02/2025

Standard Chartered, Animoca Brands and HKT will apply for HKMA licence to issue the first Hong Kong dollar-backed stablecoin.

AML / KYC

AUSTRAC Warns Crypto, Remittance Firms of Possible Regulatory Action

By Sanday Chongo Kabange | 18/02/2025

AUSTRAC has issued alerts, a precursor to potential regulatory action, to over 50 crypto exchanges and remittance service providers.