CRYPTO / DIGITAL ASSETS

AML / KYC

J5 Disseminates Risk Indicators Tied to Crypto Assets

By Editors | 24/05/2024

The risk indicators are intended to help financial institutions detect and report money laundering and illicit activities involving crypto assets.

Enforcement

Worldcoin Ordered to Cease Iris-Scanning in Hong Kong

By Sanday Chongo Kabange | 24/05/2024

The PCPD has determined that the Worldcoin project has breached Hong Kong’s personal data privacy law.

Crypto / Digital Assets

US House of Representatives Passes Digital Assets Bill

By Nithya Subramanian | 24/05/2024

The legislation provides a clear process to determine which digital asset transactions are subject to the SEC’s and CFTC’s jurisdiction.

Crypto / Digital Assets

Thai SEC Seeks Input on Regulatory Framework for Digital Assets

By Editors | 23/05/2024

The SEC is seeking comments on areas where the regulatory framework can be improved to enhance governance, efficiency, supervision, and enforement.

Securities / Derivatives

DTCC Completes Blockchain Pilot for Mutual Fund Data

By Editors | 22/05/2024

The pilot explored the feasibility of delivering NAV data for mutual funds across different blockchain networks.

Crypto / Digital Assets

NYAG Secures $2bn Settlement from Crypto Lender Genesis

By Editors | 21/05/2024

New York Attorney General Letitia James said the settlement was the largest against a crypto firm in the state’s history.

Crypto / Digital Assets

Ghana Completes Cross-border eCedi Transaction With Singapore

By Nithya Subramanian | 21/05/2024

Transactions were made on a decentralised network using a Singapore dollar stablecoin and Ghana’s new digital currency, the eCedi.

Crypto / Digital Assets

HKMA, PBOC Expand Scope of e-CNY Pilot in Hong Kong

By Editors | 20/05/2024

Users can top up their wallets using Hong Kong FPS. This is the world’s first linkage between a faster payment system and a CBDC system.

Enforcement

US DOJ Arrests Two Chinese Nationals Involved In $73m Crypto Scam

By Mark Johnston | 18/05/2024

Both individuals face accusations of conspiracy to commit money laundering and six counts of international money laundering.