Cryptocurrency

Anti-Money Laundering

US DOJ Elevates Crypto Enforcement Team Within Criminal Division

By Manesh Samtani | 24/07/2023

NCET will merge into the Computer Crime and Intellectual Property Section, more than doubling the number of prosecutors available to work on crypto-related crime.

Stablecoins

Myanmar’s Opposition Government Launches Neobank

By Editors | 23/07/2023

Users of ‘Spring Development Bank’ will be able to deposit foreign currency and receive USDT, which can also be exchanged for MMK.

Anti-Money Laundering

China Dismantles Online Gambling Ring, Seizes $160m in Crypto

By Editors | 22/07/2023

Police said the scheme involved a “maze-like criminal network” that used virtual assets to launder money overseas.

Cryptocurrency

UK Rejects Proposal to Regulate Crypto as Gambling

By Mark Johnston | 21/07/2023

The UK government and Treasury have rejected a parliamentary committee’s suggestion to regulate crypto trading and investment as gambling.

Cryptocurrency

ASIC Cancels FTX Australia’s AFS Licence

By Sanday Chongo Kabange | 20/07/2023

FTX Australia may provide “limited financial services” related to termination of existing derivatives with clients until the end of 12 July 2024.

Fraud, Scams & Cybercrime

NAB Blocks Payments to “High-risk” Cryptocurrency Platforms

By Editors | 18/07/2023

NAB will initially block “several” cryptocurrency exchanges that it has concerns with, but this could be expanded further in future.

Cryptocurrency

Industry Working Group Opens Consultation on IVMS101 Enhancements

By Editors | 18/07/2023

The working group was formed in April and has met five times since to consider and approve revisions to the IVMS101 standard.

Conduct, Culture & Accountability

UK FCA Proposes New Guidance to Tackle Unlawful Social Media Promotions

By Editors | 18/07/2023

The guidance discusses how the use of ‘finfluencers’ and memes on social media could potentially breach the FCA’s rules on financial promotions.

Cryptocurrency

OECD Proposes Crypto-Asset Reporting Framework to G20

By Ranamita Chakraborty | 18/07/2023

OECD recommends that its crypto-asset reporting framework (CARF) be adopted as an international standard for the reporting and exchange of information about crypto-assets.