Cryptocurrency

Payments & Settlements

Australian Regulators Propose Measures to Address De-Banking

By Editors | 04/10/2022

A CFR policy paper provides four recommendations to address de‑banking of fintechs, crypto exchanges and remittance firms.

Cryptocurrency

US SEC Fines Celebrity Kim Kardashian for Promoting Crypto

By Editors | 04/10/2022

Kardashian failed to disclose the compensation she received to promote EMAX tokens on Instagram. The case is a warning to other celebrities and influencers.

Emerging Prudential Risks

BCBS Cryptoasset Treatment Will Hinder Innovation: JBA

By Manesh Samtani | 04/10/2022

Japan Bankers Association says the proposed infrastructure risk add-on will discourage banks from developing new DLT businesses.

Cryptocurrency

UK FCA Grants Revolut Approval to Offer Crypto Services

By Editors | 01/10/2022

Revolut was allowed to remain on a temporary register after a March deadline for approvals until its application was fully processed.

Market Abuse

Thai SEC Takes Legal Action Against Wash Trading in Crypto

By Sanday Chongo Kabange | 30/09/2022

The prosecution is required because the defendants, including two entities and three individuals, did not agree to the penalties prescribed by the SEC.

CBDCs

China to Strengthen ‘Controllable Anonymity’ Feature of e-CNY

By Darien Choong | 30/09/2022

Twenty defendants have been arrested on suspicion of illegal business activity and money laundering using the e-CNY.

PEPs & Sanctions

G7 Nations Imposing New Russia Sanctions Over “Sham” Referendums

By Manesh Samtani | 30/09/2022

The EU package includes an oil price cap and a complete ban on providing crypto services to Russians. UK targets include Gazprombank, Sberbank and Sovcombank board members.

Anti-Money Laundering

Japan to Adopt Travel Rule in Crypto in May 2023 – Report

By Editors | 29/09/2022

The FSA plans to submit amendments to the Act on Prevention of Transfer of Criminal Proceeds to a parliamentary session next week.

Cryptocurrency

FTX Wins Auction to Buy Assets of Bankrupt Voyager Digital

By Editors | 29/09/2022

FTX won a “highly competitive auction process” that lasted two weeks with the “highest and best bid for its assets”, valued at just over USD 1.4 billion.