Cryptocurrency

Cryptocurrency

Crypto Focused Bank Silvergate Edges Towards Closure

By Manesh Samtani | 06/03/2023

Silvergate warned that it was evaluating its ability to operate as a going concern, prompting client departures and the discontinuation of its crypto payments network.

Cryptocurrency

FSB-IMF Paper to Support Global Policy Approach to Crypto

By Editors | 03/03/2023

An “IMF-FSB Synthesis Paper” due to be published in September will support a “coordinated and comprehensive policy approach to crypto-assets”.

Capital Adequacy

BCBS Adds New Monitoring Dashboard for Banks’ Crypto Exposures

By Editors | 03/03/2023

In the first six months of 2022, cryptoassets under custody at banks declined 66 percent, largely due to fewer banks participating in the exercise.

Cryptocurrency

Korea FSS is Investigating Crypto Staking Services – Reports

By Editors | 02/03/2023

The FSS has asked at least three crypto exchanges for data related to crypto staking services.

Fraud, Scams & Cybercrime

Korea to Address Phishing Scams Targeting Crypto Assets

By Editors | 01/03/2023

Planned legislative changes will include crypto-related phishing scams under the existing law on telecommunications-based financial fraud.

Custody & Infrastructure

AIMA Publishes New Due Diligence Questionnaires for Digital Assets

By Editors | 01/03/2023

The DDQs are primarily designed for investors to evaluate investment and operational risks associated with allocations to digital asset investment funds.

Cryptocurrency

SFC Authorises HashKey to Conduct OTC Crypto Trades

By Editors | 01/03/2023

The approval allows HashKey to act as an intermediary to facilitate trades between parties including for unlisted tokens.

Anti-Money Laundering

FATF Agrees Roadmap to Strengthen Adoption of Crypto AML Standards

By Editors | 28/02/2023

The roadmap will include a stocktake of steps taken globally to regulate and supervise virtual asset service providers.

Cryptocurrency

New York AG Files Suit Against Crypto Exchange CoinEx

By Editors | 28/02/2023

CoinEx falsely represented itself as being an exchange and did not register as a securities and commodities broker-dealer.