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Crypto / Digital Assets
Crypto / Digital Assets
Bankman-Fried Lawyers Request Access to Crypto Held by FTX
By Editors | 31/01/2023
The DOJ asked for a communications ban against Bankman-Fried as an additional bail condition. Last week, a 116-page list of the FTX’s creditors was filed to the bankruptcy court.
Capital / Liquidity
FSC Korea Unveils 12 Policy Initiatives in 2023 Work Plan
By Manesh Samtani | 31/01/2023
The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.
AML / KYC
Korea Justice Ministry to Start Tracking Crypto Transactions
By Editors | 31/01/2023
The “Virtual Currency Tracking System” will be launched as part of a new cloud system that will allow other agencies to leverage prosecutors’ investigative and forensics expertise.
Crypto / Digital Assets
US Fed Refuses Application by Crypto-focused Custodia Bank
By Editors | 31/01/2023
The Fed Board considers that Custodia’s business model and proposed focus on crypto-assets presented “significant safety and soundness risks”.
Enforcement
Korea Probes Price Manipulation via Crypto Exchange Bithumb
By Editors | 31/01/2023
Bithumb offices were raided last week. The crypto exchange is not accused of misconduct, though it is under a separate probe for possible tax evasion.
Crypto / Digital Assets
Moody’s is Developing a Scoring System for Stablecoins – Report
By Editors | 31/01/2023
The project, still in the early stages of development, will produce scores for up to 20 stablecoins based on reserve attestation quality.
Crypto / Digital Assets
JPX Starts Using Blockchain Tech to Settle Rubber Futures Deliveries
By Editors | 31/01/2023
The new system digitises delivery orders required for the physical delivery of rubber when futures contracts expire, thereby enhancing settlement efficiency.
AML / KYC
International Counter Ransomware Task Force Begins Operation
By Editors | 30/01/2023
Australia is the inaugural chair and coordinator of the ICRTF, which will seek to drive international cooperation to tackle ransomware.
Crypto / Digital Assets
Japan FSA to Permit Foreign Issued Stablecoins by Early June
By Editors | 30/01/2023
Under the new regulations, the FSA will only permit stablecoins that pass checks to ensure user protections are in place and reserve assets are secure.
AML / KYC
US, EU Authorities Take Down HIVE Ransomware Gang
By Editors | 30/01/2023
“Simply put, using lawful means, we hacked the hackers,” said deputy attorney general Lisa Monaco.
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