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Cryptocurrency
Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.
Cryptocurrency
UK Lawmakers Propose to Regulate Crypto as Gambling Products
By Mark Johnston | 19/05/2023
Report says unbacked crypto assets such as Bitcoin and Ether do not have intrinsic value and pose significant risks to consumers.
Anti-Money Laundering
FATF President Calls on G7 to Act on Crypto Assets
By Editors | 19/05/2023
T Raja Kumar called on the G7 to “lead by example” in fully and effectively implementing the FATF Recommendations on crypto assets.
DeFi & Web3
BIS Paper Identifies Gaps in Regulatory Frameworks for Crypto
By Manesh Samtani | 18/05/2023
The paper says authorities should consider regulations for utility tokens, governance tokens, DeFi actors, and crypto firms that resemble financial conglomerates.
Anti-Money Laundering
US DOJ to Ramp Up Scrutiny of Crypto Platforms – Report
By Mark Johnston | 18/05/2023
The DOJ will pursue target crypto exchanges, mixers and tumblers that are enabling criminal actors to profit from their crimes.
Cryptocurrency
EU Council Formally Adopts New Legal Framework for Crypto
By Sanday Chongo Kabange | 17/05/2023
New rules under MiCA cover issuers of utility tokens, asset referenced tokens, stablecoins, service providers such as trading venues, and wallets where crypto-assets are held.
Cryptocurrency
US SEC Responds to Coinbase Request for Regulatory Clarity
By Editors | 16/05/2023
The SEC said it has no obligation to issue the “broad new regulations” for digital assets that Coinbase has requested.
Market Abuse
Korean Prosecutors Seize Records from Upbit, Bithumb
By Editors | 16/05/2023
The move is part of a probe into a Korean lawmaker who was found to own crypto in amounts that are “inconsistent with his frugal image”.
Stablecoins
Tether’s Excess Stablecoin Reserves Reach All-time High
By Editors | 15/05/2023
Tether has $81.8bn in consolidated total assets, exceeding its $79.4bn in liabilities. Excess reserves held in gold and bitcoin were published for the first time.
PEPs & Sanctions
G7 Leaders Pledge to Maintain Resilience of Global Financial System
By Editors | 15/05/2023
The G7 communique vows stepped-up sanctions enforcement, and readiness to act on financial stability, climate change, and crypto-asset activities.
Cryptocurrency
AIMA Publishes New Guide on Digital Asset Trading
By Editors | 15/05/2023
The guide provides an overview of the digital asset trading ecosystem and highlights key risk management considerations for institutional investors.
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