CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Hong Kong Seeks to Lures Canadian Tech Startups to City

By Sanday Chongo Kabange | 22/06/2024

Hong Kong officials are calling on crypto, fintech and Web3 startups from Canada to set up in the city.

AML / KYC

India FIU Imposes $2.25m Penalty on Crypto Exchange Binance

By Editors | 21/06/2024

Binance will pay the penalty as part of a push to re-enter the Indian market after its website and app were blocked in the country around six months ago.

AML / KYC

Singapore Publishes Money Laundering Risk Assessment

By Manesh Samtani | 21/06/2024

Banking is Singapore’s highest risk sector. A key ML threat is cyber-enabled fraud, typically orchestrated by criminal syndicates located overseas.

Crypto / Digital Assets

Korea FSS Releases Findings from Consultations With VASPs

By Mark Johnston | 20/06/2024

The FSS identified some deficiencies, including issues relating to the segregation of user assets, cold wallet management, and internal controls.

Crypto / Digital Assets

EBA Delivers Final Batch of MiCA Technical Standards

By Manesh Samtani | 19/06/2024

14 technical standards and 3 guidelines have been finalised and published, completing EBA’s delivery of technical standards under the MiCA regime.

Crypto / Digital Assets

Indian Court Rules Crypto Dealings Are Not Illegal

By Ajoy K Das | 19/06/2024

The court said that mere dealing in cryptocurrency “cannot be treated as illegal in any manner” as existing financial laws do not define it as ‘money’.

Enforcement

‘Gemini Earn’ Investors Secure Full Recovery of Crypto Assets

By Editors | 18/06/2024

The NYAG’s claims against Gemini are now fully resolved, with Gemini Earn users receiving full recovery of the digital assets owed to them.

Crypto / Digital Assets

BOT Launches “Enhanced” Sandbox for Programmable Payments

By Editors | 17/06/2024

The sandbox allows testing of payments where transaction conditions are automatically set using DLT and smart contracts.

Crypto / Digital Assets

BIS Publishes Results of Latest CBDC, Crypto Survey

By Editors | 17/06/2024

Central banks are now more likely to issue a wholesale CBDC than a retail CBDC within the next six years.