Cryptocurrency

Cryptocurrency

Crypto Firm Kraken Files Motion to Dismiss SEC Lawsuit

By Mark Johnston | 27/02/2024

Kraken argues that the SEC has no authority over its operations as the cryptocurrencies it offers are not securities or investment contracts.

Stablecoins

Fed Paper Explores How Stablecoins Differ in Crisis

By Ranamita Chakraborty | 27/02/2024

The paper discusses four stablecoins – USDC, USDT, BUSD, DAI – using the events of March 2023 when SVB collapsed as a case study.

Supervision & Enforcement

Swiss Crypto Hedge Fund Faces Legal Dispute Over FTX Exposure

By Mark Johnston | 27/02/2024

TGT accuses Tyr Capital of criminal mismanagement and ignoring internal risk limits in its exposure to FTX.

Anti-Money Laundering

S. Korea Has a New System for Tracking Crypto Tax Evaders

By Mark Johnston | 25/02/2024

Gyeonggi Province has been using a new digital tracking system that reduces investigation times from 6 months to just 15 days.

Fraud, Scams & Cybercrime

HK Crime Cases Involving Crypto Have Tripled Since 2021

By Mark Johnston | 25/02/2024

The SFC and police recorded 3,415 cases of virtual asset crimes in 2023, involving around HKD 4.4 billion (USD 562 million).

Anti-Money Laundering

FATF Plenary Concludes With Beneficial Ownership, NPOs, Crypto in Focus

By Manesh Samtani | 23/02/2024

Kenya and Namibia were added to the FATF’s grey list while Barbados, Gibraltar, Uganda and the UAE were removed.

Cryptocurrency

Thai SEC Passes Resolution to Revoke Zipmex Crypto Licence

By Editors | 23/02/2024

The SEC says Zipmex’s business licence needs to be revoked to prevent further harm to clients’ interests, after the company failed to resolve deficiencies by another deadline.

Cryptocurrency

Fed Researchers Explore Governance of Permissionless Blockchains

By Mark Johnston | 23/02/2024

New paper explores the stakeholders, governance models, and hard fork patterns of the Bitcoin and Ethereum networks.

Tokenisation

The Future of Securities Tokenisation and Crypto Regulation 

By Hannah Cassidy | 22/02/2024

With crypto currencies and assets firmly lodged in the public mind, regulators need to lay guardrails to facilitate innovation and combat misbehaviour.