CRYPTO / DIGITAL ASSETS

AML / KYC

KoFIU Workplan for 2024 Has a Heavy Focus on Crypto

By Manesh Samtani | 15/02/2024

KoFIU will also block “unqualified operators” from entering the market and “expel unqualified operators that have already entered the market”.

Crypto / Digital Assets

Philippines Plans to Launch Wholesale CBDC Within Two years

By Nithya Subramanian | 13/02/2024

BSP Governor Eli Remolona said the CBDC will operate on the central bank’s payment and settlement system and not use blockchain or DLT.

Enforcement

NYAG Expands Fraud Lawsuit Against Crypto Firms to $3b

By Mark Johnston | 13/02/2024

Investigations have revealed that additional investors were defrauded beyond the $1bn claimed in the original suit against Gemini, Genesis and DCG, filed in October 2023.

Crypto / Digital Assets

FIX Unveils 2024 Priorities for Digital Assets Markets

By Ranamita Chakraborty | 13/02/2024

FIX’s Digital Assets & Technology Committee will focus on integration and interoperability, regulatory guidance, and the efficient use of DLT and smart contracts.

Crypto / Digital Assets

RBI to Enable CBDC Programmability, Offline Functionality

By Ajoy K Das | 10/02/2024

RBI statement also said it will introduce a new principle-based framework for the authentication of digital payment transactions.

Enforcement

Australian Court Rules Yield-earning Crypto Product Illegal

By Editors | 09/02/2024

The Federal Court ruled that Block Earner was offering unlicensed financial services through its “Earner” product.

Crypto / Digital Assets

Korea: Regulator May Be Forcing Binance to Sell GOPAX Stake

By Sanday Chongo Kabange | 09/02/2024

A year after Binance bought a majority stake in crypto exchange GOPAX, the regulator still has not approved the shareholding revision.

Crypto / Digital Assets

UBS Launches Hong Kong’s First Tokenised Warrant

By Sanday Chongo Kabange | 09/02/2024

UBS said tokenisation opens a new channel for investors to access digital structured products.

Crypto / Digital Assets

Hong Kong Proposes Regulatory Framework for OTC Crypto Venues

By Manesh Samtani | 09/02/2024

Firms providing “spot trade of any virtual assets for money” such as physical shops and ATMs would have to be licensed by the Commissioner of Customs and Excise.