Fintech / Regtech

AML / KYC

Crypto Firms Launch Scam Reporting Platform: Chainabuse

By Editors | 22/05/2022

Chainabuse is backed by TRM Labs, Solana Foundation, Circle, OpenSea, Binance, The Aave Companies, CIVIC, and Hedera.

AML / KYC

Australia: FSC Calls for Measures to Stop Online Scam Ads

By Editors | 22/05/2022

The Financial Services Council is calling for the introduction of a mandatory code of conduct for digital platforms like Facebook and Google to prevent financial scams.

AML / KYC

US Warns Against Inadvertent Hiring of DPRK IT Workers

By Editors | 19/05/2022

North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.

Fintech / Regtech

SEBI Seeks to Ban Celebs from Promoting, Endorsing Crypto

By Editors | 19/05/2022

SEBI suggested to a parliamentary committee that prominent public figures be barred from promoting or endorsing crypto products.

Big Picture

Regulation Needed for ‘Shadow’ Crypto Financial System: BIS

By Manesh Samtani | 19/05/2022

As banks and asset managers increase exposure to crypto, substantial activity is still concentrated in lightly regulated crypto exchanges.

AML / KYC

US Charges Crypto CEO for Fraudulent Investment Scheme

By Mark Johnston | 19/05/2022

Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.

Crypto / Digital Assets

Nomura to Establish New Subsidiary Dedicated to Digital Assets

By Editors | 18/05/2022

The new subsidiary will combine digital asset services under a single entity that will have about 100 staff by end-2024.

AML / KYC

HK Police Arrest 17 for Using Virtual Banks to Launder Money

By Editors | 16/05/2022

The syndicate members processed the funds through more than 20 online bank accounts since 2021, police said.

Fintech / Regtech

FASB Commences Review of Accounting Rules for Digital Assets

By Editors | 16/05/2022

Crypto industry participants as well as ISDA are calling for the FASB to allow digital assets to be recorded on financial statements at fair value.