Crypto / Digital Assets

Crypto / Digital Assets

UK FCA to Develop New Financial Promotions for Crypto Industry

By Mark Johnston | 26/04/2023

FCA executive director Sarah Pritchard said the new regime will apply to all firms marketing cryptoassets to UK consumers, regardless of where they are based.

AML / KYC

Crypto Industry Needs ‘Unified Approach’ to Travel Rule Compliance

By Manesh Samtani | 25/04/2023

A new report from Notabene offers insight into how prepared crypto firms are for upcoming regulatory deadlines relating to the Travel Rule.

Crypto / Digital Assets

Lawmakers to Grant BOK Powers to Obtain Data from Crypto Firms

By Editors | 25/04/2023

Bank of Korea has expressed concerns that financial stability risks could be transmitted from the crypto market to traditional finance.

AML / KYC

OFAC Sanctions Three for Facilitating Lazarus Group Activities

By Editors | 25/04/2023

China-based and Hong Kong-based crypto traders and a North Korean national were sanctioned for laundering illegal proceeds for Lazarus Group.

Crypto / Digital Assets

US Government to Allow Voyager-Binance.US Deal to Proceed

By Editors | 24/04/2023

The DOJ is prepared to allow the deal to proceed, provided that the contentious elements be put on hold pending a legal appeal.

Crypto / Digital Assets

FIX Protocol Adopts Digital Token Identifier ISO Standard

By Editors | 24/04/2023

Adding the DTI to FIX will allow the industry to incorporate the trading and settlement of digital assets into their current trading and settlement operations.

Crypto / Digital Assets

VC Firm Tribe Capital Eyes $250m Fund Raise to Restart FTX

By Mark Johnston | 24/04/2023

FTX’s creditors are in talks with Tribe Capital, a venture capital firm that is interested in leading a $250mn fund raise to restart the exchange.

Crypto / Digital Assets

US SEC Issues Guidance on Providing Advice to Retail Investors

By Sanday Chongo Kabange | 21/04/2023

Finance professionals should apply “heightened scrutiny” when recommending or advising on complex and risky products, such as crypto asset securities.

Crypto / Digital Assets

Russia Plans to Allow Crypto in Cross-border Trade Deals

By Editors | 21/04/2023

Special organisations will be created to mine crypto and process payments for cross-border export and import deals.