Crypto / Digital Assets

AML / KYC

EBA Issues Guidelines on ML/TF Risks Associated with CASPs

By Ranamita Chakraborty | 17/01/2024

The guidelines will foster a common understanding of ML/TF risks associated with crypto-assets service providers, the EBA said.

Crypto / Digital Assets

BIS to Explore Tokenisation of Promissory Notes Used to Funds MDBs

By Editors | 15/01/2024

Project Promissa intends to simplify the management of the notes and provide a single source of truth for all counterparties throughout the notes’ lifecycles

AML / KYC

NYDFS Announces $8m Settlement With Genesis Global Trading

By Editors | 15/01/2024

Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.

Crypto / Digital Assets

MAS Grants In-principle Licence Approval to Crypto Custody Firm BitGo

By Editors | 12/01/2024

BitGo already obtained a New York trust charter in 2021 and a BaFin crypto custody licence in November 2023.

Crypto / Digital Assets

FINRA Report Describes Crypto-related Compliance Risks

By Mark Johnston | 12/01/2024

FINRA says member firms must notify it if they or their affiliates engage or plan to engage in crypto asset-related activities.

Crypto / Digital Assets

Korea FSS Forms Virtual Asset Supervision and Investigation Bureau

By Manesh Samtani | 12/01/2024

The new bureau will establish a supervision and inspection system equivalent to that of other financial institutions, the FSS said.

Crypto / Digital Assets

US SEC Approves Rule Changes Permitting Bitcoin ETFs

By Nithya Subramanian | 11/01/2024

The regulator has also announced investor protection requirements, adding that exchanges will have to adhere to rules to prevent fraud and manipulation.

Crypto / Digital Assets

New Bill to Give MAS Greater Investigative Powers

By Nithya Subramanian | 11/01/2024

The proposed law broadens the regulator’s power over unregulated businesses and expands its oversight on key appointments and removals.

Crypto / Digital Assets

US SEC to Investigate False Tweet on Bitcoin ETF Approvals

By Mark Johnston | 09/01/2024

US SEC claims official X account was hacked, posting a false tweet about approving bitcoin ETFs, causing a brief surge and crash in bitcoin price.