Cryptocurrency

Cryptocurrency

Fed Chair Says Banks Can Provide Services for Crypto

By Thisanka Siripala | 30/01/2025

Jerome Powell said banks are free to provide services to cryptocurrency clients as long as it’s done in a safe and sound manner

Cryptocurrency

Hong Kong SFC Grants Two New Crypto Licences

By Manesh Samtani | 30/01/2025

The licences were granted to YAX, a wholly-owned subsidiary of Tiger Brokers, and Panthertrade, a subsidiary of Futu Holdings.

Anti-Money Laundering

US DOJ Imposes $300m Penalty on Crypto Firm KuCoin

By Nithya Subramanian | 28/01/2025

KuCoin also agreed to exit the US market for at least the next two years, and to ensure two co-founders are not involved in management or operations.

Cryptocurrency

US to Form Presidential Working Group on Digital Assets

By Manesh Samtani | 26/01/2025

The SEC also officially rescinded Staff Accounting Bulletin No 121, which made it more costly for firms to keep custody of digital assets on behalf of others.

Anti-Money Laundering

US Congress Investigates Debanking of Tech and Crypto Firms

By Thisanka Siripala | 25/01/2025

House Oversight Committee has contacted executives in the crypto industry to gather their testimonies on bank account closures.

Emerging Prudential Risks

FSB Publishes Work Programme for the Year Ahead

By Manesh Samtani | 25/01/2025

The work programme highlights digitalisation, climate change, and the shifting macroeconomic environment as key priorities

Cryptocurrency

Taiwan to Consult on New Crypto Law in February

By Mark Johnston | 24/01/2025

The FSC will hold an industry public hearing in February and the draft legislation will be presented to the government’s executive branch by June.

Market Abuse

US Authorities Secure Settlement With Crypto Market Maker

By Nithya Subramanian | 24/01/2025

CLS Global admitted to providing market-making services for NexFundAI, a token created by the FBI to help it uncover crime

PEPs & Sanctions

Another US Court Rules Tornado Cash Sanctions Were Unlawful

By Editors | 23/01/2025

Court ruled that Tornado Cash smart contracts could not be classified as property IEEPA. A similar ruling was issued by a different court in November 2024.