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Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.

Cryptocurrency
Coinbase Launches Legal Challenge Against US SEC
By Manesh Samtani | 13/03/2024
Coinbase argues that the SEC acted arbitrarily and capriciously when it summarily denied a petition seeking tailored rules for the crypto industry.

Anti-Money Laundering
Nigeria Detains Binance Execs After Inviting Them for Dialogue
By Mark Johnston | 13/03/2024
Two Binance executives have been detained in Nigeria following a visit to the country at the request of its government.

Cryptocurrency
UK FCA to Allow Recognised Exchanges to Offer Crypto ETNs
By Editors | 12/03/2024
The London Stock Exchange has already confirmed it will start accepting applications for Bitcoin and Ethereum ETNs in Q2 2024.

Cryptocurrency
Bankrupt BlockFi to Achieve Full Recovery for Customers
By Editors | 11/03/2024
BlockFi reached an agreement allowing it to recover $874.5mn from the estates of FTX and Alameda Research, subject to approval by a US bankruptcy judge.

Cloud & Infrastructure
Indonesia OJK to Provide Boost to Financial Sector Innovation
By Editors | 11/03/2024
The new regulation refines the regulatory sandbox mechanism to add eligibility criteria and to allow testing in crypto asset products.

Fraud, Scams & Cybercrime
Montenegro Approves Extradition of Do Kwon to South Korea
By Mark Johnston | 11/03/2024
Do Kwon now faces extradition to South Korea rather than the US after 23 March following a new court ruling.

Custody & Infrastructure
Thai SEC Proposes Higher Capital Requirements for Crypto Firms
By Editors | 10/03/2024
Crypto exchanges would have to meet a minimum capital requirement of THB 100 million if they hold customer assets, up from THB 50 million currently.

Cryptocurrency
UK Consults on Implementation of Crypto-Asset Reporting Framework
By Editors | 10/03/2024
HM Treasury proposes to enact rules in 2026 to enable the first information exchanges under CARF to start in 2027.

Supervision & Enforcement
Singapore Passes Bill to Give MAS Greater Investigative Powers
By Editors | 08/03/2024
The Bill enhances MAS’ evidence-gathering powers and facilitates greater inter-agency coordination for all parts of the financial sector.

Cryptocurrency
US SEC Secures $275,000 Settlement from Crypto Firm ShapeShift
By Editors | 07/03/2024
SEC Commissioners Hester Peirce and Mark Uyeda issued a joint statement expressing disagreement with the enforcement action.
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