Cryptocurrency

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

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    Cryptocurrency

    FSB Finalises Global Regulatory Framework for Crypto-asset Activities

    By Manesh Samtani | 18/07/2023

    The recommendations were improved to better safeguard client assets, address conflicts of interest, and improve cross-border cooperation.

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    Cryptocurrency

    ASX Receives Application to List Retail Spot Bitcoin ETF

    By Jill Wong | 18/07/2023

    ASX has received its first application to list a spot Bitcoin ETF to retail investors under the cryptocurrency regulations issued in October 2021.

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    Cryptocurrency

    ESMA, EBA Issues First Consultation Packages Relating to MiCA

    By Mark Johnston | 17/07/2023

    ESMA’s consultation covers conflicts of interest and consumer complaints. EBA’s consultation covers authorisation of stablecoin issuers.

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    Cryptocurrency

    Ripple Scores Partial Victory in SEC Case

    By Manesh Samtani | 17/07/2023

    The court ruled that XRP is not a security when sold in the secondary market. The case will proceed to trial to determine if institutional sales of XRP were unregistered securities offerings.

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    Stablecoins

    Stablecoins Can Destabilise Financial Markets: NY Fed

    By Jill Wong | 17/07/2023

    A report by the Federal Reserve Bank of New York says the run on Terra shows how stablecoins can potentially destabilise financial markets and economies.

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    Anti-Money Laundering

    US Probe Prompts Staff and Executive Departures at Binance – Reports

    By Editors | 17/07/2023

    Over 1,000 employees have reportedly been laid off in recent weeks. A number of key senior executives have also departed.

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    Fraud, Scams & Cybercrime

    US Agencies Settle Charges Against Crypto Lender Celsius Network

    By Manesh Samtani | 16/07/2023

    Celsius Network and founder Alexander Mashinsky charged for failing to register crypto lending product, defrauding customers, manipulating price of CEL token.

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    Cryptocurrency

    US Judge Skeptical of SEC Stance Against Coinbase

    By Editors | 15/07/2023

    In a pre-motion hearing, the judge suggested it was reasonable for Coinbase to think they were not breaking the law based on the SEC’s issuance of the S-1 form.

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    Cryptocurrency

    FSB Delivers Key Updates on Crypto, Climate to G20

    By Manesh Samtani | 14/07/2023

    The FSB said attention must now turn to implementation of its new crypto regulatory standards; Updated roadmap on climate risks is published.

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    Cryptocurrency

    US SEC Accepts Application from BlackRock to List Spot Bitcoin ETF

    By Mark Johnston | 14/07/2023

    The US SEC’s acceptance of BlackRock’s proposal marks the commencement of an official review of other Bitcoin ETF applications.

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