Cryptocurrency

Anti-Money Laundering

Authorities Dismantle Russia-Linked Crypto Firm Bitzlato

By Manesh Samtani | 18/01/2023

Bitzlato facilitated $700mn in crypto transfers for Hydra users and received more than $15mn in ransomware proceeds.

Cryptocurrency

2022: A Roaring Year for Digital Assets in Singapore

By Angela Ang | 18/01/2023

Angela Ang looks back at digital asset developments in 2022 in Singapore, and ahead to what to expect in 2023.

Cryptocurrency

EU: MiCA Vote Delayed Again Until April 2023 – Report

By Editors | 18/01/2023

The delay is reported to be due to technical issues associated with translating the English text into the EU’s 24 official languages.

Cryptocurrency

Korea FSS to Develop Crypto Market Monitoring Tool

By Editors | 17/01/2023

At a forum on Monday, FSS governor Lee Bok-hyun also said accounting standards will be established to require companies to disclose their crypto exposures.

Stablecoins

Iran, Russia Working on Gold-Backed Stablecoin – Report

By Editors | 17/01/2023

The stablecoin is intended to serve as a payment method for foreign trade without requiring the use of any fiat currency.

Cryptocurrency

Nepal ISPs Ordered to Block Crypto Websites, Apps

By Editors | 17/01/2023

Nepal declared crypto illegal in September 2021. The order for ISPs and email providers to block crypto websites and apps is new.

Fraud, Scams & Cybercrime

BitConnect Victims Receive $17mn Restitution from Crypto Fraud

By Editors | 16/01/2023

BitConnect was an online crypto lending platform that collapsed in 2018, causing investor losses estimated at over USD 2.4 billion.

Cryptocurrency

Thailand: SEC’s Latest Tool to Protect Crypto Investors: Free E-Learning

By Manesh Samtani | 16/01/2023

The ‘Crypto Academy’ is one of several measures the SEC has taken to protect crypto investors since local exchange Zipmex halted customer withdrawals in July 2022.

Cryptocurrency

Samsung Asset Management Lists Hong Kong’s Third Crypto ETF

By Manesh Samtani | 16/01/2023

The ETF traded 92,550 units on its first day, compared to 1,435,800 units traded between CSOP’s two ETFs on their first day last month.