Cryptocurrency

Market Abuse

Korea FSS Targets Illegal Short Selling, FX Transactions

By Editors | 17/08/2022

October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.

Cryptocurrency

Fed Issues New Guidance to Banks Engaging in Crypto Activity

By Manesh Samtani | 17/08/2022

Banks seeking to engage in crypto-asset-related activities are directed to first notify their lead supervisory point of contact at the Federal Reserve.

Anti-Money Laundering

Three Associated with Tornado Cash Allegedly Arrested

By Manesh Samtani | 16/08/2022

Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

Cryptocurrency

Thailand to Improve Protections for Crypto Investors

By Editors | 15/08/2022

The regulatory changes are in part a response to a liquidity crisis at Zipmex, one of Thailand’s leading digital asset exchanges.

Cryptocurrency

Philippines: BSP to Suspend VASP Licensing for Three Years

By Editors | 15/08/2022

Starting from 1 September, new VASP licence applications will only be entertained if they come from existing BSP-supervised financial institutions.

Trading & Investment

Financial Education Gaps Prevent Retail Participation in Markets

By Manesh Samtani | 14/08/2022

New research from WEF, BNY Mellon and Accenture finds 29% of investors do not understand crypto, but nearly 40% said the same of stocks and bonds.

Cryptocurrency

FSC Korea Starts Work on New Crypto Legislation

By Editors | 12/08/2022

The new “Digital Assets Basic Act” is likely to adopt various measures from 13 bills already proposed by lawmakers and pending in the National Assembly.

Emerging Prudential Risks

SEC, CFTC Propose Enhanced Reporting Rules for Hedge Funds

By Manesh Samtani | 11/08/2022

Under the proposed rules, large hedge funds and PE funds would have to report their crypto exposures for the first time.

Capital Adequacy

Korea: New FSC Administration Sets Out Policy Agenda

By Sanday Chongo Kabange | 11/08/2022

The agenda sets out measures to ensure financial stability, encourage digital transformation, improve the capital markets, and introduce new regulations for digital assets.