Cryptocurrency

Anti-Money Laundering

Bangladesh Officials Confirm Use of Bitcoin to Finance Terrorism

By Editors | 13/03/2021

Two arrested militants have reportedly confessed to receiving funds through Bitcoin from extremist groups since 2014.

Anti-Money Laundering

FSC Korea Proposes New Penalty Standards for VASPs

By Editors | 11/03/2021

FIs and VASPs can be penalised for failing to report and maintain records of suspicious transactions, and failures to properly manage customers’ transactions records.

Market Abuse

John McAfee Indicted for Crypto-related Fraud, Money Laundering

By Sanday Chongo Kabange | 08/03/2021

McAfee and his associate allegedly used their large Twitter following to promote altcoins and ICOs to investors through a so-called pump-and-dump scheme.

Cryptocurrency

Ripple, Top Execs File Responses to SEC Complaint

By Manesh Samtani | 06/03/2021

At meetings with crypto trading platforms as recently as 2019, SEC staff did not indicate it may have considered XRP a security, Ripple says.

CBDCs

BOK to Establish CBDC Pilot System Within March

By Sanday Chongo Kabange | 01/03/2021

The BOK has almost completed the design and technical study of its CBDC, but does not intend to rush into the pilot before undertaking legal and regulatory assessments.

Custody & Infrastructure

Etrading Software Becomes Registration Authority for DTIs

By Editors | 01/03/2021

The UK-headquartered technology provider has been nominated to become the registration authority for the new ISO standard for Digital Token Identifiers.

Cryptocurrency

Thailand SEC to Enhance Protections for Digital Asset Investors

By Editors | 01/03/2021

The SEC is consulting new qualifications for retail investors in digital assets, and requiring digital asset fund managers and investment advisors to be licensed.

Anti-Money Laundering

FATF Concludes Second Plenary Under German Presidency

By Manesh Samtani | 26/02/2021

The FATF has finalised guidance on risk-based supervision, terrorist financing, and arms trafficking, as well as draft guidance on proliferation financing, and virtual assets.

Anti-Money Laundering

Australian Police Charge Man for Crypto Related Money Laundering

By Editors | 23/02/2021

Police say the Sydney man directed “money launderers for hire” to convert nearly A$5.5mn of cash into bitcoin on his behalf.