CRYPTO / DIGITAL ASSETS

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    Crypto / Digital Assets

    US SEC Charges Consensys for Operating as Unregistered Broker

    By Manesh Samtani | 03/07/2024

    The SEC said Consensys Software Inc sold unregistered securities and performed brokerage functions by offering staking services in its popular wallet tool.

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    Capital / Liquidity

    US Regulators Announce $63m Settlement With Silvergate

    By Manesh Samtani | 03/07/2024

    Silvergate, once a popular bank for crypto firms, agreed to penalties for AML noncompliance and misleading statements to investors.

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    Enforcement

    SEC Lawsuit Against Binance May Proceed, Court Rules

    By Manesh Samtani | 03/07/2024

    Binance already settled DOJ, Treasury and CFTC charges for $4.3bn, but the SEC’s case was not included in the settlement.

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    Crypto / Digital Assets

    MAS Grants Paxos Full Approval to Offer Stablecoins in Singapore

    By Nithya Subramanian | 03/07/2024

    Paxos is partnering with DBS Bank for cash management and the custody of stablecoin reserves.

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    Crypto / Digital Assets

    Canton Network Launches Decentralised Interoperability Infrastructure

    By Editors | 02/07/2024

    The “Global Synchronizer” enhances interoperability on the Canton Network, which is designed to enable tokenisation and frictionless exchange of regulated financial assets and liabilities.

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    Crypto / Digital Assets

    Trade Bodies to Develop Disclosure Guidelines for Digital Assets

    By Editors | 02/07/2024

    Four trade associations have organised a Steering Committee to propose new disclosure guidelines for digital asset tokens offered in the US.

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    Crypto / Digital Assets

    US Treasury Finalises New Crypto-Tax Regulations

    By Nithya Subramanian | 01/07/2024

    While the new rule will go into effect for transactions starting in 2025, non-custodial brokers will be subject to a separate set of regulations.

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    AML / KYC

    FATF Adds Monaco, Venezuela to Grey List; Removes Two Others

    By Manesh Samtani | 01/07/2024

    The Plenary also adopted two new country assessments and approved five priorities for the incoming Mexican Presidency.

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    Crypto / Digital Assets

    HKMA, BDF To Collaborate on Cross-border CBDC Experiments

    By Sanday Chongo Kabange | 28/06/2024

    The HKMA and BDF will collaborate on cross-border transfers and settlement of tokenised assets.

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    AML / KYC

    Taiwanese Singer Facing Prosecution Over JPEX Crypto Fraud

    By Editors | 28/06/2024

    Popular Taiwanese singer Nine Chen reportedly received 320,000 USDT to act as JPEX’s brand ambassador last year.

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