CRYPTO / DIGITAL ASSETS

AML / KYC

DOJ Launches New Task Force Targeting Russian Oligarchs

By Editors | 04/03/2022

Task Force KleptoCapture will use “the most cutting-edge investigative techniques” to identify sanctions evasion and related criminal misconduct by Russian oligarchs.

Crypto / Digital Assets

SET to Launch Digital Asset Exchange ‘Very Soon’

By Editors | 03/03/2022

The new digital asset exchange will not offer cryptocurrency trading, but instead focus on investment tokens and utility tokens.

Fintech / Regtech

India’s ASCI Issues Advertising Guidelines for Crypto Products

By Mark Johnston | 03/03/2022

All virtual asset-related ads released on or after 1 April must carry a disclaimer; Certain words associated with regulated products are will be prohibited.

Fintech / Regtech

EU Delays Vote on MiCA Legislation Following Backlash

By Mark Johnston | 03/03/2022

A vote on the EU’s regulatory framework for crypto-assets was delayed due to outcry over wording that would ban proof-of-work consensus protocols in 2025.

AML / KYC

SWIFT Ban Spares Russian Banks Facilitating EU Energy Trade

By Manesh Samtani | 03/03/2022

Sberbank and Gazprombank not included in ban; Global banks demonstrating “extreme caution”; Crypto exchanges under pressure to Russia-linked transactions.

Fintech / Regtech

Cambridge CCAF Launches Crypto Research Project

By Sanday Chongo Kabange | 02/03/2022

The research project will cover the environmental implications and broader ESG considerations of digital assets and their associated services, among other themes.

AML / KYC

China Supreme Court Makes Crypto Fundraising a Criminal Offence

By Editors | 02/03/2022

Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison.

AML / KYC

New EU-Wide AML Authority Expected to Oversee Crypto Firms

By Mark Johnston | 01/03/2022

A group of EU member states led by Germany is seeking to make the inclusion of cryptocurrency firms under the AMLA’s remit more explicit.

AML / KYC

BitConnect Founder Indicted for Running Crypto Ponzi Scheme

By Editors | 28/02/2022

BitConnect founder Satish Kumbhani and his co-conspirators obtained fraudulent gains from investors amounting to about USD 2.4 billion.