Cryptocurrency

Cryptocurrency

ASIC Seeks Feedback on Updated Guidance for Digital Assets

By Thisanka Siripala | 05/12/2024

ASIC proposes to regulate digital assets like traditional financial products, requiring crypto firms to apply for an AFS licence.

Fraud, Scams & Cybercrime

Former CEO of Celsius Network Pleads Guilty on Fraud Charges

By Editors | 04/12/2024

Alex Mashinsky misled investors about the financial condition of Celsius and used customer funds to manipulate the value of a digital token the company issued.

Cryptocurrency

DMM Bitcoin to Shut Down, Transfers Assets to SBI Subsidiary

By Mark Johnston | 04/12/2024

DMM Bitcoin has been unable to recover from the May theft of approximately 4,502.9 Bitcoins and has decided to shut down operations.

Supervision & Enforcement

UK FCA Finalises Updates to Financial Crime Guide

By Editors | 04/12/2024

The financial crime guide is updated to provide additional guidance on sanctions, proliferation financing, transaction monitoring and cryptoassets.

Cryptocurrency

Hong Kong Circulates Tax Break Proposal for Hedge Funds, Family Offices

By Nithya Subramanian | 03/12/2024

The proposal will expand the tax exemptions for PE funds, hedge funds and family offices to cover gains from virtual assets, carbon credits, and other asset classes.

Cryptocurrency

Taiwan FSC Launches New Registration System for VASPs

By Manesh Samtani | 02/12/2024

The FSC also released guidelines for firms providing virtual asset services and launched a “Virtual Asset Custody Services” pilot programme.

Cryptocurrency

Japan FSA Issues Warnings to Five Crypto Firms for Unregistered Operations

By Thisanka Siripala | 01/12/2024

The FSA issued warnings to Bitcastle, Bitget, Bybit, KuCoin, and MEXC, notifying them of non-compliance with Japanese law.

Credit Risk

BCBS Finalises Technical Amendments to Basel Framework

By Editors | 29/11/2024

The amendments concern the standardised approach to credit risk and the capital charge for Group 2a cryptoassets. An amendment to the CCR framework is also proposed.

Cryptocurrency

CFTC Poised to Lead US Digital Asset Regulation Under Trump

By Thisanka Siripala | 29/11/2024

President-elect Donald Trump is expected to scale back the SEC role in favour of a more innovation-friendly regulatory framework led by the CFTC.