Cryptocurrency

    Reporting on regulatory frameworks, enforcement actions, adoption trends, and risks associated with decentralised digital currencies like Bitcoin and Ethereum.

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    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.

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    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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    Cryptocurrency

    ZA Bank Launches Crypto Trading Services for Retail Clients

    By Sanday Chongo Kabange | 25/11/2024

    Leveraging a partnership with HashKey Exchange, ZA Bank has become the first bank in Asia to offer virtual asset trading services to retail users.

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    Anti-Bribery & Corruption

    Former CSRC Official Found Taking Bribes Via Cryptocurrency

    By Nithya Subramanian | 23/11/2024

    The CCDI said Yao Qian abused his authority to benefit specific technology providers and “used virtual currency to trade power for money”.

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    Cryptocurrency

    Australia Consults on Adopting Tax Reporting Framework for Crypto

    By Nithya Subramanian | 22/11/2024

    The consultation explores policy options, compliance timelines, and strategies to ensure transparency and tackle tax evasion in the crypto market.

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    Anti-Money Laundering

    US Court Jails Operator of Darknet Cryptocurrency Mixer ‘Helix’

    By Nithya Subramanian | 21/11/2024

    Helix was popular among online drug dealers to launder their illicit proceeds, processing $300m in cryptocurrency transactions between 2014 and 2017.

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    Cryptocurrency

    Nasdaq Launches Options Trading on BlackRock’s Bitcoin ETF

    By Editors | 20/11/2024

    On the first day of trading, the options contract saw a record-breaking $1.9bn in notional exposure and drove Bitcoin to an all-time high.

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    Cryptocurrency

    HKEX Goes Live With New Virtual Asset Index Series

    By Sanday Chongo Kabange | 18/11/2024

    The HKEX Virtual Asset Index Series consists of a reference index and reference rate for both Bitcoin and Ether.

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    Cryptocurrency

    HKMA Warns Crypto Firms Against Misusing “Bank” Label

    By Sanday Chongo Kabange | 18/11/2024

    The HKMA says misuse of the label “bank” by unlicensed crypto firms may constitute a contravention of the Banking Ordinance.

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    KYC & CDD

    KoFIU Identifies Over 500,000 Potential KYC Violations at Upbit

    By Mark Johnston | 15/11/2024

    Upbit reportedly accepted identification from customers when the name or registration number on the ID was blurred and not properly identified.

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