CRYPTO / DIGITAL ASSETS

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    Crypto / Digital Assets

    ATO Asks Crypto Firms to Hand Over User Data

    By Sanday Chongo Kabange | 27/04/2024

    The ATO says the data collection effort is to ensure that crypto traders are fulfilling their tax lodgment, reporting and payment obligations.

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    AML / KYC

    US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”

    By Editors | 27/04/2024

    Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.

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    Enforcement

    Thai Police to Return $3.4m in Seized Assets to Crypto Fraud Victims

    By Mark Johnston | 25/04/2024

    The assets were confiscated from two gambling websites that were linked to a cryptocurrency fraud scheme; 23 suspects were arrested.

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    Enforcement

    US SEC Asks Court to Force Terraform Labs and Founder to Pay $5.3b

    By Mark Johnston | 25/04/2024

    The SEC argues that Terraform Labs and Do Kwon have not shown remorse for their conduct and are likely to commit additional violations.

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    AML / KYC

    EU Parliament Adopts AMLD6 and Related Regulations

    By Mark Johnston | 25/04/2024

    The legislation now awaits formal adoption by the European Council before being published in the EU’s Official Journal.

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    Crypto / Digital Assets

    Hong Kong Spot Crypto ETFs to Start Trading Next Week

    By Sanday Chongo Kabange | 25/04/2024

    Spot Bitcoin and Ether ETFs issued by ChinaAMC, Harvest Global Investments and Bosera Asset Management will start trading by 30 April.

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    Sanctions

    Venezuela’s PDVSA to Hasten Move to USDT to Mitigate Sanctions

    By Editors | 24/04/2024

    USDT issuer Tether said in response that it respects the SDN list and will block payments made to sanctioned entities.

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    Crypto / Digital Assets

    HK Customs Busts $230m Crypto Money Laundering Scheme

    By Mark Johnston | 23/04/2024

    Three suspects were arrested for orchestrating over 1,000 dubious transactions through 18 bank accounts linked to shell companies.

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    Enforcement

    Bankman-Fried to Help Investors Pursue Celebrities Who Endorsed FTX

    By Nithya Subramanian | 23/04/2024

    Sam Bankman-Fried has agreed to help a group of investors pursue civil claims against celebrity endorsers of FTX, potentially freeing himself from civil liability.

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    Crypto / Digital Assets

    Thailand to Start Blocking Unlicensed Crypto Providers

    By Sanday Chongo Kabange | 23/04/2024

    Thailand’s SEC and MDES will start blocking unlicensed digital asset platforms in the country to curb money laundering and online crime.

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