CRYPTO / DIGITAL ASSETS

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.

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.

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.

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.

Enforcement

HK Police Offers Update on JPEX Fraud Investigation

By Mark Johnston | 23/04/2024

A total 72 individuals have been arrested and HKD 228 million worth of assets have been seized in connection with JPEX.

Crypto / Digital Assets

US Jury Convicts Mango Markets Trader for Crypto Manipulation

By Nithya Subramanian | 23/04/2024

Avraham Eisenberg was found guilty in the first US prosecution involving the manipulation of cryptocurrency through open-market trades.

Crypto / Digital Assets

Binance, KuCoin to Return to India as Compliant Crypto Exchanges

By Ajoy K Das | 19/04/2024

Binance will pay a $2mn penalty and return to India as a registered firm. Kucoin announced its return last month.

Crypto / Digital Assets

Two US Senators Propose New Payment Stablecoin Bill

By Mark Johnston | 19/04/2024

The proposed legislation would impose registration and operational requirements on stablecoin issuers, and require them to publicly disclose their reserve assets.

Crypto / Digital Assets

SDAX Launches Securitised Gold Tokens in Singapore

By Nithya Subramanian | 19/04/2024

The securitised tokens allow accredited investors to gain gold exposure without having to physically store the metal.