Crypto / Digital Assets

AML / KYC

Singapore Police Launch Probe into Crypto Lender Hodlnaut

By Editors | 29/11/2022

The police said they received multiple reports between August and November 2022 alleging false representations by that Hodlnaut and/or its directors.

AML / KYC

Turkish Authorities Seize FTX Assets Amid Criminal Probe

By Editors | 29/11/2022

Turkish investigation found that FTX failed to safely store user funds, embezzled customer funds, and manipulated market supply and demand.

Crypto / Digital Assets

Crypto Lender BlockFi Follows FTX Into Bankruptcy

By Editors | 29/11/2022

BlockFi said its liquidity crisis was due to its exposure to FTX as well as cryptocurrencies held on FTX’s platform that became trapped.

Crypto / Digital Assets

VASPs Propose Measures to Improve Regulatory Mechanisms for Crypto

By Editors | 28/11/2022

The proposals include a mechanism to allow VASPs to discover one another, so as to better manage counterparty risk and enhance compliance requirements.

Crypto / Digital Assets

HKMA Report Assesses Spillover Risk from Asset-Backed Stablecoins

By Mark Johnston | 28/11/2022

The report finds that failures of stablecoins or other crypto assets pose material impacts on the traditional financial system such as the money market.

AML / KYC

DOJ Charges Two for Fraud Involving Fake Crypto Mining Operation

By Editors | 28/11/2022

Two Estonians induced victims to enter into “fraudulent equipment rental contracts” and to invest in a fake digital currency bank.

Crypto / Digital Assets

BOJ to Involve Banks in CBDC Testing Around April 2023

By Sanday Chongo Kabange | 28/11/2022

The BOJ’s next phase of CBDC testing will involve Japan’s three megabanks as well as regional banks. A digital yen could be issued in 2026.

Fintech / Regtech

UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance

By Editors | 26/11/2022

The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.

Crypto / Digital Assets

INTERPOL Operation Sees $129m in Crypto Assets Seized

By Editors | 25/11/2022

Operation Haechi III resulted in the arrest of 975 individuals and allowed investigators to resolve more than 1,600 fraud and scam cases.