CRYPTO / DIGITAL ASSETS

AML / KYC

Crypto Firm BitMEX Pleads Guilty to US Criminal Charge

By Editors | 15/07/2024

BitMEX said its founders were already sentenced for BSA charge in 2022 and that it has since fully remediated its deficiencies and will seek an expedited sentencing hearing.

Crypto / Digital Assets

Lithuania Fines Crypto Firm Payeer for Sanctions, AML Breaches

By Editors | 14/07/2024

Lithuanian authorities said Payeer offered services to Russian customers and allowed them to carry out transactions with sanctioned banks.

Crypto / Digital Assets

Cambodian Online Platform Involved in $11bn Illicit Transactions

By Nithya Subramanian | 12/07/2024

A report by Elliptic said that Huione Guarantee hosts merchants providing services to perpetrate deepfake, money laundering, and pig-butchering scams.

Crypto / Digital Assets

Crypto Lender Celsius Files Lawsuit Against Former Users

By Editors | 12/07/2024

Crypto lender Celsius said users who withdrew funds in the 90 days before its bankruptcy “unfairly benefitted at the expense of other account holders”.

Crypto / Digital Assets

ASX Commences Trading in Second Spot Bitcoin ETF

By Editors | 12/07/2024

The ETF is managed by DigitalX Limited in partnership with K2 Asset Management and Canadian firm 3iQ.

Crypto / Digital Assets

Futu Securities Granted Approval to Offer Crypto in Hong Kong

By Editors | 11/07/2024

A licence upgrade allows Futu Securities to provide virtual asset dealing services to retail and professional investors in Hong Kong.

AML / KYC

US DOJ Secures Guilty Plea from Crypto Exec for AML Failures

By Editors | 11/07/2024

Paxful co-founder Artur Schaback pleaded guilty for willfully failing to establish, develop, implement, and maintain an effective AML programme.

Crypto / Digital Assets

Korean Regulators Outline Approach to Crypto Investigations

By Manesh Samtani | 10/07/2024

The new investigation system will be immediately activated on 19 July, when the new Virtual Asset User Protection Act takes effect.

AML / KYC

Global Implementation of AML Measures for Crypto “Still Lagging”

By Manesh Samtani | 10/07/2024

The FATF says there has been “negligible improvement” in regulating virtual assets and “insufficient progress” in implementing the travel rule.