Cryptocurrency

Cryptocurrency

EBA, ESMA Consult on Suitability, Remuneration Under MiCA

By Editors | 23/10/2023

Joint guidelines cover suitability of management, owners and board members of crypto firms and stablecoin issuers. Separate EBA consultation covers remuneration policies.

Custody & Infrastructure

Key Takeaways from Australia’s Proposal for Regulating Digital Asset Platforms

By Angela Ang | 23/10/2023

Angela Ang says Australia’s proposal for regulating digital asset platforms meets a high regulatory bar while also supporting innovation.

Anti-Money Laundering

Cash-for-crypto Shops Need Regulation, Says HK Customs Official

By Editors | 23/10/2023

A regulatory regime for OTC crypto exchange shops is currently being considered by authorities, according to Commissioner Louise Ho.

Custody & Infrastructure

SC Malaysia Grants In-principle Approval to Digital Asset Custodian

By Editors | 22/10/2023

With a full licence expected within six months, Gambit Custody will become just the second firm with a digital asset custodian licence in Malaysia.

Cryptocurrency

US SEC Drops Lawsuit Against Ripple Executives

By Editors | 22/10/2023

Analysts say the move will ultimately allow the SEC to appeal the court’s earlier decision about XRP not being a security sooner.

Cryptocurrency

SFC, HKMA Issue New Joint Circular on Virtual Assets

By Manesh Samtani | 22/10/2023

The circular supersedes a similar circular from January 2022, setting out additional requirements for intermediaries providing virtual asset services to retail investors.

Cryptocurrency

Eurex Set to Add Options to Crypto Derivatives Suite

By Mark Johnston | 21/10/2023

The new options contracts will allow investors to deploy new trading strategies with institutional grade trading and clearing safeguards, Eurex said.

Fraud, Scams & Cybercrime

NYAG Sues Crypto Firms Gemini, Genesis, DCG for Fraud

By Manesh Samtani | 20/10/2023

“Gemini hid the risks of investing with Genesis, and Genesis lied to the public about its losses,” said AG Letitia James. The lawsuit says 230,000 investors lost more than $1bn.

Cryptocurrency

Korea FSS Developing Rules to Implement Virtual Asset Law

By Mark Johnston | 20/10/2023

Regulations to implement the Virtual Asset Users Protection Act, which was passed in June, will be ready by January 2024.