CRYPTO / DIGITAL ASSETS

Crypto / Digital Assets

MAS Rescinds IPA Granted to Crypto Lender Hodlnaut

By Editors | 11/08/2022

Hodlnaut froze withdrawals, token swaps and deposits on its platform on Monday to focus on stabilising its liquidity and preserving assets.

Crypto / Digital Assets

HKMA, InvestHK Invite Firms to Showcase CBDC Solutions

By Editors | 11/08/2022

A CBDC track has been added to Global Fast Track 2022. Banks, fintechs and tech firms are asked to submit innovative solutions in eight focus areas.

AML / KYC

Former BitMEX Exec to Pay Fine for Violating AML Law

By Editors | 11/08/2022

The US Attorney previously secured judgments against the firm’s three co-founders for violating US derivatives laws and AML rules.

Crypto / Digital Assets

RBA to Explore Australia-specific Use Cases for CBDC

By Editors | 10/08/2022

The research project is expected to take about a year to complete and will involve the development of a limited-scale CBDC pilot operating in a ring-fenced environment.

AML / KYC

Iran Makes First Import Order Using Crypto – Report

By Editors | 10/08/2022

By end September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries, an Iranian official said.

AML / KYC

OFAC Sanctions Crypto Mixing Service Tornado Cash

By Manesh Samtani | 09/08/2022

The US Treasury Department says Tornado Cash has been used to launder over USD 7 billion worth of crypto since it was created in 2019.

AML / KYC

US Secures Extradition of Former Crypto Exchange Operator

By Editors | 09/08/2022

Alexander Vinnik is alleged to have laundered more than $4bn through a crypto exchange he operated known as BTC-e until it was shut down in 2017.

Crypto / Digital Assets

Thailand: BOT Sets Out Next Steps to Pilot Retail CBDC

By Editors | 08/08/2022

The next phase of retail CBDC testing will involve Bank of Ayudhya, Siam Commercial Bank, payments provider 2C2P, and technology from Giesecke+Devrient.

Crypto / Digital Assets

BlackRock, Coinbase Partner on Crypto Trading Services

By Editors | 08/08/2022

Connectivity will be established between BlackRock’s investment management platform Aladdin and Coinbase’s integrated trading platform Coinbase Prime.