Crypto / Digital Assets

Crypto / Digital Assets

Thai SEC Takes Legal Action Against Wash Trading in Crypto

By Sanday Chongo Kabange | 30/09/2022

The prosecution is required because the defendants, including two entities and three individuals, did not agree to the penalties prescribed by the SEC.

AML / KYC

China to Strengthen ‘Controllable Anonymity’ Feature of e-CNY

By Darien Choong | 30/09/2022

Twenty defendants have been arrested on suspicion of illegal business activity and money laundering using the e-CNY.

Crypto / Digital Assets

BIS Innovation Hub Nordic Centre Launches Retail CBDC Project

By Editors | 30/09/2022

The central banks of Israel, Norway and Sweden will develop a “hub” to which they will connect their domestic proof-of-concept CBDC systems.

AML / KYC

G7 Nations Imposing New Russia Sanctions Over “Sham” Referendums

By Manesh Samtani | 30/09/2022

The EU package includes an oil price cap and a complete ban on providing crypto services to Russians. UK targets include Gazprombank, Sberbank and Sovcombank board members.

AML / KYC

Japan to Adopt Travel Rule in Crypto in May 2023 – Report

By Editors | 29/09/2022

The FSA plans to submit amendments to the Act on Prevention of Transfer of Criminal Proceeds to a parliamentary session next week.

Crypto / Digital Assets

BIS Announces Successful Completion of mBridge CBDC Pilot

By Editors | 29/09/2022

The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.

Crypto / Digital Assets

FTX Wins Auction to Buy Assets of Bankrupt Voyager Digital

By Editors | 29/09/2022

FTX won a “highly competitive auction process” that lasted two weeks with the “highest and best bid for its assets”, valued at just over USD 1.4 billion.

AML / KYC

CFTC Penalises Crypto Firm, Pursues First Case Against DAO

By Editors | 29/09/2022

Crypto firm bZeroX transferred its software protocol to a DAO and then marketed this as a way to be “enforcement-proof”.

Crypto / Digital Assets

DBS Rolls Out Crypto Services to 100,000 More Investors

By Editors | 28/09/2022

Accredited wealth clients are able to trade four cryptocurrencies on DDEx – Bitcoin, Bitcoin Cash, Ethereum, and XRP.