Cryptocurrency

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

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    Fraud, Scams & Cybercrime

    HK SFC Under Fresh Scrutiny Over Crypto Platform Hounax

    By Sanday Chongo Kabange | 28/11/2023

    The SFC is being accused of playing a “passive role” by not blocking suspicious crypto trading platform Hounax and preventing it from contacting the public.

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    Fraud, Scams & Cybercrime

    HK Police Arrest 30 in Connection with Alleged JPEX Fraud

    By Editors | 28/11/2023

    A total 66 individuals have now been arrested, though they have not yet been charged and have all been released on bail pending investigation.

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    Cryptocurrency

    Interactive Brokers, Victory Securities Granted HK Crypto Licences

    By Editors | 27/11/2023

    Interactive Brokers and Victory Securities say they have approval to offer crypto trading services to retail investors in Hong Kong.

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    Anti-Money Laundering

    EBA Consults on Travel Rule Guidelines for Funds and Crypto Transfers

    By Mark Johnston | 27/11/2023

    The EBA plans new guidelines to prevent the misuse of funds and crypto-assets transfers for illicit purposes, aligning with FATF standards.

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    Cryptocurrency

    MAS to Phase in New Crypto Rules Starting Mid-2024

    By Editors | 23/11/2023

    The rules cover business conduct, technology risks, and consumer access. Crypto assets can be counted towards accredited investor net worth calculations.

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    Conduct, Culture & Accountability

    ASIC Announces Enforcement Priorities for 2024

    By Editors | 23/11/2023

    ASIC added new priorities targeting super funds and market integrity, and emphases a continued focus on greenwashing.

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    Anti-Money Laundering

    Basel Institute on Governance “Cautiously Optimistic” Regarding Crypto Risks

    By Mark Johnston | 23/11/2023

    Criminal funds flowing through blockchains are “decreasing constantly” as a proportion of total value. Regulations in the world’s financial centres are becoming stronger.

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    Cryptocurrency

    Canada Starts Consultations on Crypto Asset Disclosure by Banks

    By Mark Johnston | 23/11/2023

    Canada’s banking regulator is seeking feedback on proposals to align with the BCBS framework for crypto asset disclosures.

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    Stablecoins

    New Zealand Crypto Firm Launches NZD Stablecoin

    By Editors | 23/11/2023

    Easy Crypto and Labrys said the NZDD will be backed 1:1 with cash in trust and regulated by the FMA.

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    Cryptocurrency

    OKX Becomes First Crypto Major to Lodge SFC Licence Application

    By Manesh Samtani | 22/11/2023

    OKX, the world’s third-largest crypto exchange by 24-hour trading volume, is the seventh firm to apply for a Hong Kong VATP licence.

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