CRYPTO / DIGITAL ASSETS

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    Enforcement

    New York AG Files Suit Against Crypto Exchange CoinEx

    By Editors | 28/02/2023

    CoinEx falsely represented itself as being an exchange and did not register as a securities and commodities broker-dealer.

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    Crypto / Digital Assets

    US Prosecutors Unveil More Charges Against FTX Founder

    By Editors | 26/02/2023

    The additional charges allege that Sam Bankman-Fried conspired to commit bank fraud and to make more than 300 illegal political donations.

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    Crypto / Digital Assets

    Crypto-focused Custodia Bank Continues to Pursue Fed Master Account

    By Editors | 26/02/2023

    The Fed board refused to reconsider its decision to reject Custodia Bank’s application to become a member of the Federal Reserve System.

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    Crypto / Digital Assets

    FTX Japan Processes $50m in Withdrawals on Day One of Reopening

    By Editors | 25/02/2023

    Japan law requires crypto exchanges to keep users’ assets segregated, which prevented FTX Japan from being included in the US bankruptcy proceedings.

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    Big Picture

    BIS Head Outlines Vision for Future Monetary System

    By Mark Johnston | 24/02/2023

    Agustin Carstens said the disappearance of $2tr in value from the crypto market in 2022 proves that cryptocurrencies cannot be a viable alternative to fiat.

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    Crypto / Digital Assets

    US Indicts Russian Actors Over Crypto Pyramid and Ponzi Scheme

    By Editors | 24/02/2023

    The charges include one count of conspiracy to commit wire fraud for each of the four defendants, who were among the 11 charged by the SEC last year.

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    Capital / Liquidity

    US Regulators Warn of Liquidity Risks Tied to Crypto Assets

    By Editors | 24/02/2023

    US federal banking regulators highlight key liquidity risks and some effective practices to monitor and appropriately manage those risks. US […]

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    Crypto / Digital Assets

    Regulatory Scrutiny Causing Seismic Shifts in Stablecoin Market

    By Sam Chen | 24/02/2023

    Since the NYDFS ordered Paxos to stop minting BUSD, the world’s third-largest stablecoin, its market cap has shrunk by over $4bn.

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    Crypto / Digital Assets

    Hong Kong Budget to Advance Green, Crypto Hub Ambitions

    By Manesh Samtani | 23/02/2023

    Financial Secretary Paul Chan announced in the government’s 2023-2024 budget that he will establish and lead a task force on virtual asset development.

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    Fintech / Regtech

    Deutsche Bank Develops Investment Servicing Platform for Digital Funds

    By Editors | 23/02/2023

    The platform will make it easier for firms to launch and administer digital investment funds, which may comprise crypto, tokenised securities and other digital assets.

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