Crypto / Digital Assets

Crypto / Digital Assets

UK ASA Orders Removal of “Misleading” Crypto.com Ad

By Editors | 27/12/2022

The ASA said the ad was misleading because “it failed to illustrate the risk of investing in NFTs” and “it didn’t make clear that fees would apply”.

Crypto / Digital Assets

Bank of Canada Papers Shine Spotlight on Stablecoins

By Sanday Chongo Kabange | 27/12/2022

The first paper calls for effective regulation to gain payments-related benefits. The second highlights concentration risks applicable to stablecoins and their holders.

Crypto / Digital Assets

Insurers Are Denying Coverage to Crypto Firms Linked to FTX

By Editors | 27/12/2022

When coverage is provided, it is becoming more pricey and contains broad policy exclusions that would deny any FTX-related claims.

Crypto / Digital Assets

HK Police Arrest Two Men Over Halted Crypto Exchange AAX

By Editors | 26/12/2022

Police say the two men falsely claimed AAX was undergoing “scheduled maintenance” to suspend user withdrawals. A third individual is said to be on the run.

Crypto / Digital Assets

How Law Enforcement Can Take Action Against Crypto Crime

By Gurvais Grigg | 23/12/2022

Blockchain analysis tools and appropriate training can help exchanges, law enforcement, and other stakeholders recover victim funds, says Gurvais Grigg.

AML / KYC

FTX, Alameda Execs Plead Guilty to US Fraud Charges

By Manesh Samtani | 23/12/2022

Caroline Ellison and Gary Wang are cooperating with the investigation into FTX, Alameda and Sam Bankman-Fried, who has been extradited to the US.

AML / KYC

Co-Founder of OneCoin Pleads Guilty to Fraud

By Editors | 22/12/2022

Karl Sebastian Greenwood faces a maximum of 60 years in person. Co-conspirator Ruja Ignatova is on the FBI’s most wanted list.

Crypto / Digital Assets

FINRA Issues Additional Guidance on Ransomware Risk

By Sanday Chongo Kabange | 22/12/2022

Attacks have proliferated due to the increased use of technology, continued adoption of cryptocurrencies, and the emergence of Ransomware-as-a-Service models.

Crypto / Digital Assets

BIS Papers Explore DeFi Benefits, Risks, and Systemic ‘Fragility’

By Mark Johnston | 22/12/2022

Regulators should address DeFi risks with globally consistent regulatory frameworks. Collateral liquidations in DeFi lead to lasting price impacts.