Crypto / Digital Assets

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    AML / KYC

    Nigeria Sues Binance for Economic Losses and Back Taxes

    By Nithya Subramanian | 25/02/2025

    The tax authority contends that Binance has a “significant economic presence” in Nigeria, making it liable for corporate income tax.

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    Crypto / Digital Assets

    FSB Launches Thematic Review of Global Crypto Regulatory Framework

    By Thisanka Siripala | 25/02/2025

    The FSB is inviting feedback to evaluate progress made by countries in implementing its global regulatory framework for crypto-asset activities.

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    Crypto / Digital Assets

    Bybit Falls Victim to $1.5bn Crypto Theft, the Largest in History

    By Thisanka Siripala | 24/02/2025

    The theft was reportedly orchestrated by North Korea’s Lazarus Group. Security experts are investigating how the self-custodial multi-sig wallet used by Bybit was compromised.

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    Market Infrastructure

    ECB to Launch Settlement Platform for DLT-based Transactions

    By Thisanka Siripala | 24/02/2025

    The ECB said the long-term strategy seeks to support international financial transactions while maintaining the stability of the European financial ecosystem.

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    Enforcement

    US SEC Dropping Cases Against Coinbase, OpenSea

    By Thisanka Siripala | 24/02/2025

    Coinbase said this is not just a victory for the company, but also for its customers, the US, and “individual freedom”.

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    Crypto / Digital Assets

    StraitsX Partners with StanChart on Stablecoin Reserve Management

    By Nithya Subramanian | 24/02/2025

    StraitsX said its stablecoins are “fully-backed” and issued in compliance with the MAS’ upcoming stablecoin regulatory framework.

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    Crypto / Digital Assets

    Japan to Ease Stablecoin and Crypto Brokerage Regulations

    By Thisanka Siripala | 24/02/2025

    The reforms would introduce a new “intermediary” category for crypto brokerage businesses and allow stablecoins to be backed by a broader range of assets.

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    Enforcement

    FTX Begins Creditor Repayments After Three-Year Wait

    By Nithya Subramanian | 23/02/2025

    The FTX estate has started distributing funds to creditors, with initial payouts prioritising small claims under $50,000.

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    Crypto / Digital Assets

    US SEC Launches Cyber and Emerging Technologies Unit

    By Nithya Subramanian | 21/02/2025

    The unit will “root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies”

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    Enforcement

    India Enforcement Directorate Seizes $190m Related to BitConnect Scam

    By Nithya Subramanian | 21/02/2025

    The ED the f’s investigation revealed that the founder of BitConnect and his associates ran an unregistered, fraudulent investment scheme.

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