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Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.
Cryptocurrency
G7 Urges FSB to Swiftly Develop Regulations for Crypto
By Manesh Samtani | 22/05/2022
FSB asked to “advance the swift development and implementation of consistent and comprehensive regulation of crypto-asset issuers and service providers”.
Fraud, Scams & Cybercrime
Crypto Firms Launch Scam Reporting Platform: Chainabuse
By Editors | 22/05/2022
Chainabuse is backed by TRM Labs, Solana Foundation, Circle, OpenSea, Binance, The Aave Companies, CIVIC, and Hedera.
PEPs & Sanctions
US Federal Court Declares Crypto Subject to Sanctions Laws
By Mark Johnston | 20/05/2022
A newly unsealed federal court opinion supports the DOJ’s first criminal prosecution involving the use of crypto for sanctions evasion.
PEPs & Sanctions
US Warns Against Inadvertent Hiring of DPRK IT Workers
By Editors | 19/05/2022
North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.
Cryptocurrency
SEBI Seeks to Ban Celebs from Promoting, Endorsing Crypto
By Editors | 19/05/2022
SEBI suggested to a parliamentary committee that prominent public figures be barred from promoting or endorsing crypto products.
Cryptocurrency
Regulation Needed for ‘Shadow’ Crypto Financial System: BIS
By Manesh Samtani | 19/05/2022
As banks and asset managers increase exposure to crypto, substantial activity is still concentrated in lightly regulated crypto exchanges.
Fraud, Scams & Cybercrime
US Charges Crypto CEO for Fraudulent Investment Scheme
By Mark Johnston | 19/05/2022
Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.
Cryptocurrency
Nomura to Establish New Subsidiary Dedicated to Digital Assets
By Editors | 18/05/2022
The new subsidiary will combine digital asset services under a single entity that will have about 100 staff by end-2024.
Stablecoins
Korea Regulators Probe Crypto Industry Over Terra Collapse
By Editors | 18/05/2022
Korean crypto exchanges have been asked to share their data on UST and LUNA transactions including and the number of affected investors.
Anti-Money Laundering
US Treasury Outlines Plans to Combat Illicit Finance
By Editors | 17/05/2022
Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.
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