Crypto / Digital Assets

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    AML / KYC

    US Court Convicts Alleged Founder of Crypto Mixer ‘Bitcoin Fog’

    By Editors | 14/03/2024

    Russian-Swiss national Roman Sterlingov was found guilty on four charges, though he maintained his innocence during the jury trial.

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    Crypto / Digital Assets

    Coinbase Launches Legal Challenge Against US SEC

    By Manesh Samtani | 13/03/2024

    Coinbase argues that the SEC acted arbitrarily and capriciously when it summarily denied a petition seeking tailored rules for the crypto industry.

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    AML / KYC

    HKMA to Establish Regulatory Sandbox for Stablecoin Issuers

    By Sanday Chongo Kabange | 13/03/2024

    The HKMA will use the sandbox to communicate supervisory expectations and guidance on the issuance of fiat-referenced stablecoins in Hong Kong.

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    Crypto / Digital Assets

    Nigeria Detains Binance Execs After Inviting Them for Dialogue

    By Mark Johnston | 13/03/2024

    Two Binance executives have been detained in Nigeria following a visit to the country at the request of its government.

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    Crypto / Digital Assets

    Major FIs Conclude Blockchain Pilot on Canton Network

    By Editors | 13/03/2024

    Dozens of participating FIs settled transactions across 22 different permissioned blockchains that were connected to the Canton Network.

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    Crypto / Digital Assets

    UK FCA to Allow Recognised Exchanges to Offer Crypto ETNs

    By Editors | 12/03/2024

    The London Stock Exchange has already confirmed it will start accepting applications for Bitcoin and Ethereum ETNs in Q2 2024.

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    Big Picture

    INTERPOL Unveils Results of Global Fraud Risk Assessment

    By Editors | 12/03/2024

    The assessment specifically identifies Asia as being the “focal point” of pig butchering fraud schemes, especially in poorer countries across the region.

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    Crypto / Digital Assets

    Bankrupt BlockFi to Achieve Full Recovery for Customers

    By Editors | 11/03/2024

    BlockFi reached an agreement allowing it to recover $874.5mn from the estates of FTX and Alameda Research, subject to approval by a US bankruptcy judge.

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    Crypto / Digital Assets

    Indonesia OJK to Provide Boost to Financial Sector Innovation

    By Editors | 11/03/2024

    The new regulation refines the regulatory sandbox mechanism to add eligibility criteria and to allow testing in crypto asset products.

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    Enforcement

    Montenegro Approves Extradition of Do Kwon to South Korea

    By Mark Johnston | 11/03/2024

    Do Kwon now faces extradition to South Korea rather than the US after 23 March following a new court ruling.

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