Cryptocurrency

Capital Adequacy

EU Banks Will Have to Meet 1,250% Crypto Risk Weight Early

By Manesh Samtani | 19/02/2023

A draft law confirms that the 1,250% risk weight set by the BCBS will apply to crypto asset exposures. But EU banks are asked to comply before the rule is legally binding.

Anti-Money Laundering

All Crypto ATMs Operating in the UK Are Illegal: FCA

By Editors | 18/02/2023

No crypto ATM operators currently have FCA registration, but the locations of several such machines have been established by authorities.

Fraud, Scams & Cybercrime

CFTC Charges California Firm for ‘Ponzi-like’ Crypto Fraud

By Editors | 17/02/2023

Vista Network Technologies and its CEO advertised to customers that it would trade their digital assets using “robot traders” which did not exist.

Fraud, Scams & Cybercrime

US SEC Files Securities Fraud Charges Over Terra Collapse

By Editors | 17/02/2023

The Terraform ecosystem was ‘simply a fraud propped up by a so-called algorithmic stablecoin’, says Gurbir Grewal.

PEPs & Sanctions

Sanctioned Crypto Mixer Relaunched Under New Name

By Editors | 16/02/2023

Blockchain analytics firm Elliptic found a trail of transactions linking sanctioned crypto mixer Blender to a new mixing service that was launched in October.

Cryptocurrency

CME to Launch Event Contracts on Bitcoin Futures

By Editors | 16/02/2023

The new event contracts will provide a highly transparent and less complex way for investors to access crypto markets, said Tim McCourt.

Tokenisation

FSS Korea to Prepare Industry Guidance on Security Tokens

By Editors | 15/02/2023

The FSS has formed a task force to support the industry in making determinations on whether virtual assets are securities.

Fraud, Scams & Cybercrime

North Korean Crypto Thefts Broke Records in 2022 – Report

By Mark Johnston | 14/02/2023

A UN report says North Korea stole more crypto in 2022 than in any previous year, using cyber techniques that have grown in sophistication.

PEPs & Sanctions

South Korea Issues First Independent DPRK Sanctions

By Editors | 12/02/2023

The sanctions came hours after South Korea and the US released a joint cybersecurity advisory detailing the threat posed by North Korean ransomware actors.