CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

Three Crypto Firms Enter Into Liquidation in Australia

By Editors | 16/04/2024

A$55mn worth of assets belonging to a crypto fund operator have been frozen by court order, after investors became concerned about the fund’s management.

Enforcement

ASIC Commences Proceedings Against Blockchain Mining Companies

By Editors | 16/04/2024

The companies, without an AFS licence, encouraged investors to set up self-managed superannuation funds to then invest in blockchain mining packages and crypto.

Crypto / Digital Assets

SFC Grants First In-Principle Approvals to Spot Crypto ETFs

By Editors | 15/04/2024

At least three firms have received conditional approval to launch spot bitcoin and ether ETFs and are now expected to file listing applications.

Crypto / Digital Assets

Thailand to Tighten Rules for P2P Trading of Crypto

By Nithya Subramanian | 15/04/2024

Thai Minister calls on SEC to extend existing crypto regulations to cover P2P channels as a way to combat fraud and scams.

Crypto / Digital Assets

NZ Official Hints at Future Crypto Regulatory Framework

By Sanday Chongo Kabange | 15/04/2024

Andrew Bayly acknowledged the risk of regulatory arbitrage “if New Zealand does not keep in step with” major digital asset regulatory developments.

Market Infrastructure

IOSCO Establishes New Workstreams on AI, Tokenisation

By Manesh Samtani | 15/04/2024

New workstreams on green finance and credit default swaps will also be created, according to IOSCO’s updated work plan for 2024.

Crypto / Digital Assets

Crypto Firms Question Viability of Operating in Hong Kong – Report

By Sanday Chongo Kabange | 13/04/2024

Hong Kong’s regime has restrictions that limit access to overseas investors, raising doubts about long-term business viability.

Crypto / Digital Assets

ESMA Examines Crypto Risks Ahead of MiCA Implementation

By Nithya Subramanian | 12/04/2024

ESMA warns of concentration risks and inadequate transparency, but says MiCA will help address such issues.

AML / KYC

Taiwan Crypto Exchange Founder Charged for Money Laundering

By Nithya Subramanian | 12/04/2024

Taiwanese prosecutors have indicted the founder of ACE Exchange, David Pan, for a crypto fraud involving more than $10mn.