Cryptocurrency

Market Abuse

Ex-OpenSea Manager Convicted for NFT Insider Trading Scheme

By Editors | 05/05/2023

Nathaniel Chastain chose which NFTs to feature on OpenSea’s home page and then covertly traded those NFTs, altogether making about $57,000 in profits.

Cryptocurrency

Taiwan to Release New Rules for Crypto in September

By Editors | 03/05/2023

The FSC is creating a new bureau that will be dedicated to the crypto sector, adding to its four existing bureaus.

Cryptocurrency

SFC Chief Julia Leung Offers View Into 2023 Priorities

By Manesh Samtani | 29/04/2023

Julia Leung said the SFC will issue the new virtual assets rules in May, and that it developing a free carbon emissions calculator tool to help SMEs in climate-related reporting.

KYC & CDD

HKMA Offers Guidance on VASP Account Opening

By Manesh Samtani | 28/04/2023

Deputy chief Arthur Yuen said the HKMA expects regulated VASPs to be able to open a bank account in Hong Kong through a reasonable process.

Cryptocurrency

Korea’s New Crypto Bill Passes Key Legislative Subcommittee

By Philip Gant | 28/04/2023

The “Virtual Asset User Protection Bill” consolidates and reconciles 19 legislative proposals introduced over the two years since May 2021.

Stablecoins

US Lawmakers Propose Another Draft Bill for Stablecoins

By Editors | 26/04/2023

New bill provides a narrower focus overall and gives state regulators more power to charter stablecoin issuers.

Cryptocurrency

Binance.US Cancels Deal to Acquire Voyager Digital

By Editors | 26/04/2023

The DOJ indicated earlier this week that it was prepared to allow the deal to proceed. Binance.US had the right to cancel if the deal was not closed by 18 April.

Cryptocurrency

Coinbase Asks US Court to Compel SEC to Provide Regulatory Clarity

By Editors | 26/04/2023

Coinbase is asking the court to compel the SEC to a respond to petition filed last year, which asked the regulator to propose and adopt rules for the digital assets sector.

Cryptocurrency

UK FCA to Develop New Financial Promotions for Crypto Industry

By Mark Johnston | 26/04/2023

FCA executive director Sarah Pritchard said the new regime will apply to all firms marketing cryptoassets to UK consumers, regardless of where they are based.