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Cryptocurrency
Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.
Fraud, Scams & Cybercrime
Creditors of Bankrupt Crypto Firm QuadrigaCX to Get Payout
By Mark Johnston | 15/05/2023
The payout amounts to about 13 percent of the value of creditor claims filed against QuadrigaCX, which was found to be a Ponzi scheme and a fraud.
Cryptocurrency
Jane Street, Jump Crypto to Scale Down US Crypto Business
By Editors | 13/05/2023
Jane Street Group and Jump Crypto are the latest firms to scale down US operations, citing regulatory uncertainty.
Custody & Infrastructure
StanChart to Launch Digital Asset Custody Services from Dubai
By Editors | 13/05/2023
The UAE has a “well-balanced approach” to digital assets, making it an “ideal first market” for the launch, said CEO Bill Winters.
Custody & Infrastructure
China Unveils National Blockchain Centre to Boost DLT Innovation
By Mark Johnston | 12/05/2023
The centre will develop blockchain technology and train over 500,000 DLT specialists in China.
PEPs & Sanctions
IRS, Chainalysis Team Up to Support Ukraine Law Enforcement
By Editors | 11/05/2023
The IRS is sponsoring Ukraine’s access to a Chainalysis blockchain analysis tool and also organising cyber training sessions.
Market Abuse
Ex-Coinbase Employee Sentenced to Jail for Insider Trading
By Editors | 11/05/2023
The former Coinbase product manager was sentenced to two years in prison for feeding his brother and a friend information about upcoming crypto listings.
Cryptocurrency
Bankrupt FTX Affiliate Alameda Research Hit with $44b Tax Bill
By Mark Johnston | 10/05/2023
In bankruptcy proceedings, the IRS claims would take precedence over those of unsecured creditors, including FTX’s one million users.
Anti-Money Laundering
MAS Proposes Amendments to Payment Services Regulations
By Editors | 09/05/2023
The consultation covers amendments to Payment Services Regulations and existing notices to include newly scoped-in payment services like DPT services.
Cryptocurrency
US SEC Ordered to Respond to Coinbase Petition Within 10 Days
By Editors | 08/05/2023
The SEC must indicate whether or not it will provide formal rule-making for the digital assets sector, and the reasons for its decision.
Cryptocurrency
New Bill Unveiled to Strengthen Crypto Regulation in New York
By Manesh Samtani | 08/05/2023
The CRPTO Act would ban the use of the term “stablecoin” except for digital assets backed 1:1 with the safest of reserve assets. Crypto platforms would have to reimburse fraud losses.
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