Cryptocurrency

Cryptocurrency

BIS Paper Warns of Heightened Risks from Crypto in EMEs

By Manesh Samtani | 23/08/2023

Certain “risk catalysts” in emerging markets can strengthen the transmission channels through which risks from crypto markets can affect financial stability.

Fraud, Scams & Cybercrime

Trend of Rising Crypto Scams Seen In A&A Blockchain Case

By Ranamita Chakraborty | 23/08/2023

Industry experts spoke to Regulation Asia about crypto scams in the context of charges brought against four A&A Blockchain executives who scammed 12 individuals into investing in a crypto mining scheme.

Anti-Money Laundering

Korean City Set to Seize Crypto Assets from Tax Evaders

By Editors | 23/08/2023

The Cheongju City government has ordered seven crypto exchanges to submit a report on the crypto holdings of 8,250 people, who each owe over KRW 1 million in tax.

Cryptocurrency

New Zealand: Collapsed Crypto Firm Reported to FMA, SFO

By Sanday Chongo Kabange | 22/08/2023

Grant Thornton has contacted regulators about a NZ$6.3 million shortfall between reported user holdings and the digital assets held by collapsed crypto firm Dasset.

Cryptocurrency

NZ Parliamentary Report Warns Against Overregulating Digital Assets

By Manesh Samtani | 21/08/2023

New Zealand does not need to urgently design and implement an integrated regulatory framework for digital assets at this time, the report says.

Cryptocurrency

Australia Sentences Crypto Lender for Falsely Claiming it Had Credit Licence

By Sanday Chongo Kabange | 20/08/2023

Helio Lending entered into a A$15,000 good behaviour recognisance bond for a period of 12 months.

Anti-Money Laundering

FCA Sets Out Expectations on Crypto Travel Rule Compliance

By Manesh Samtani | 18/08/2023

UK firms that receive a crypto transfer with incomplete information may block the beneficiary from accessing the crypto.

Cryptocurrency

Coinbase Successfully Registers as Futures Commission Merchant

By Editors | 17/08/2023

This is the first time a crypto-native platform in the US has been granted approval to offer crypto futures alongside traditional spot crypto trading.

Cryptocurrency

FDIC Adds Crypto as Key Risk in Annual Review Report

By Editors | 17/08/2023

The FDIC says it has developed processes to engage in “robust supervisory discussions” with banks on crypto-asset risks.