Crypto / Digital Assets

Crypto / Digital Assets

LSE Proposes 28 May Launch for Crypto ETN Market Segment

By Manesh Samtani | 28/03/2024

Issuers seeking to list a Bitcoin- or Ethereum-backed crypto ETN on 28 May 2024 need to submit information to the LSE by 15 April 2024.

Crypto / Digital Assets

HSBC Launches Tokenised Gold Product in Hong Kong

By Editors | 28/03/2024

The product allows investors to acquire fractional ownership of physical gold represented by tokens recorded on a distributed ledger.

Crypto / Digital Assets

SWIFT Concludes Second Phase of CBDC Sandbox Tests

By Ranamita Chakraborty | 27/03/2024

SWIFT will extend its CBDC interlinking solution to support a wider range of emerging digital networks, including platforms for tokenised deposits.

Crypto / Digital Assets

US Authorities Announce Charges Against Crypto Exchange KuCoin

By Editors | 27/03/2024

Four KuCoin units and two founders were charged by the CFTC and DOJ for serving US clients without registering and for AML-related violations.

Sanctions

OFAC Unveils More Sanctions Over Iran Commodity Shipments

By Editors | 26/03/2024

The sanctions target a Lebanon-based financial facilitator, two vessels, and entities registered in Liberia, India, Vietnam, and Kuwait.

Crypto / Digital Assets

ESMA Finalises First MiCA Rules, Issues New Consultation

By Manesh Samtani | 26/03/2024

The rules set out authorisation requirements for CASPs and notification requirements for regulated financial entities seeking to provide crypto services.

AML / KYC

Netherlands: Trial Against Tornado Cash Co-founder is Underway

By Editors | 26/03/2024

Alexey Pertsev is accused of participating in Tornado Cash’s money laundering activities. A verdict is expected six weeks after the trial concludes this week.

Crypto / Digital Assets

OFAC Sanctions Crypto Targets Over Russia Sanctions Evasion

By Editors | 26/03/2024

The sanctioned entities either helped build or operate blockchain-based services or enabled virtual currency payments in the Russian financial sector, enabling potential sanctions evasion.

Enforcement

ASIC Bans Director for Operating Unlicensed Crypto Fund Dishonestly

By Mark Johnston | 26/03/2024

ASIC found, among other things, that Brian Creigh used investor money to invest in an overseas investment scam. costing them A$7.7mn.