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Cryptocurrency
Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.
PEPs & Sanctions
US Appeals Court Overturns Tornado Cash Sanctions
By Editors | 28/11/2024
The court said federal law only gives OFAC the authority to sanction property, and Tornado Cash’s smart contracts do not qualify as property.
Anti-Money Laundering
Taiwan FSC Fines Two Crypto Exchanges for AML Violations
By Mark Johnston | 28/11/2024
FSC investigations found lapses involving CDD, transaction monitoring, record-keeping, and suspicious transaction reporting.
Cryptocurrency
UK FCA Unveils Plans for Crypto Regulation, Tokenisation
By Manesh Samtani | 28/11/2024
Several discussion papers and consultations will be issued between now and early 2026. The new crypto regime will go live within 2026.
Anti-Money Laundering
Wolfsberg Group Defines Key Terms Related to Digital Assets
By Manesh Samtani | 27/11/2024
The definitions are intended to serve as a foundational reference for assessing ML/TF risks and developing appropriate controls for digital assets.
Cryptocurrency
Japan FSA Considers Tightening Regulations For Crypto
By Thisanka Siripala | 27/11/2024
The FSA is conducting closed door discussions to explore regulating crypto assets as financial products under the Financial Instruments and Exchange Act.
Cryptocurrency
BSP Proposes to Enhance Reporting Requirements for VASPs
By Editors | 26/11/2024
VASPs must submit 13 reports at specified intervals to ensure thorough oversight. A new reporting portal will be implemented by January.
Cryptocurrency
Japan’s FSA to Introduce Lighter Regulations for Crypto Brokers
By Thisanka Siripala | 26/11/2024
The FSA is exploring the creation of a new “intermediary business” with lighter regulations for enterprises handling cryptocurrency and stablecoins.
Fraud, Scams & Cybercrime
Korean Court Declares Haru Invest Bankrupt Amid Crypto Fraud
By Nithya Subramanian | 26/11/2024
The ruling paves the way for asset liquidation. A creditors’ meeting is set for February 2025 to chart the recovery process.
Cryptocurrency
Shanghai Court Declares Personal Ownership of Crypto Legal
By Mark Johnston | 26/11/2024
In an opinion piece, a Shanghai judge wrote that cryptocurrency ownership is not illegal for individuals.
Fraud, Scams & Cybercrime
S. Korean Police Confirm DPRK’s Role in 2019 Upbit Theft
By Mark Johnston | 25/11/2024
North Korean hackers stole 342,000 Ethereum tokens from Upbit in 2019. At today’s prices the tokens would be worth over $800mn.
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