Crypto / Digital Assets

Enforcement

Australia Court Orders Kraken to Pay A$8m for DDO Breaches

By Sanday Chongo Kabange | 13/12/2024

ASIC believes many crypto products are subject to the same design and distribution requirements that resulted in Kraken’s penalty.

Crypto / Digital Assets

Iran, Russia to Soon Formalise Anti-Sanctions Alliance – Reports

By Editors | 11/12/2024

Both Iran and Russia are also planning to allow the use of cryptocurrencies as a way to circumvent Western sanctions.

Crypto / Digital Assets

FDIC Blocked Banks from Servicing Crypto Firms Throughout 2022

By Thisanka Siripala | 10/12/2024

Coinbase obtained FDIC letters showing that the regulator prevented banks from engaging in crypto-related activities throughout 2022.

Crypto / Digital Assets

Etrading Software Designated as ISIN Issuer for Crypto Instruments

By Editors | 10/12/2024

Etrading Software is now the Designated Numbering Agency responsible for issuing ISINs for crypto instruments globally

Crypto / Digital Assets

Sifma Releases Findings from Regulated Settlement Network PoC

By Editors | 09/12/2024

The findings demonstrated the potential of shared ledger technology to settle tokenised money and securities and address current inefficiencies and operational risks.

Crypto / Digital Assets

Korean Securities Firms Asked to Prepare for Market Shocks

By Manesh Samtani | 08/12/2024

BOK promised “unlimited” liquidity. FSS met with 36 securities firms. FSC activated stabilisation funds. VASP operations impacted.

Crypto / Digital Assets

Hong Kong Announces Gazettal of Stablecoins Bill

By Sanday Chongo Kabange | 08/12/2024

The bill will implement a licensing and regulatory regime for issuers of fiat-referenced stablecoins. The first reading is set for 18 December.

Crypto / Digital Assets

BSP Concludes Tests on Streamlining Interbank Payments With CBDC

By Editors | 06/12/2024

The BSP said Project Agila testing found that off-hours transactions can safely be supported by open-source DLT through the Oracle Cloud Infrastructure.

AML / KYC

AUSTRAC to Crack Down on Non-compliant Crypto ATM Providers

By Editors | 06/12/2024

AUSTRAC has established an internal taskforce to target crypto ATMs that are being exploited for money laundering, scams and money mule activities.