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

    Russia Advances Bill to Enable Cross-border Payments in Crypto

    By Editors | 01/08/2024

    The law is expected to take effect on 1 September, formally allowing the use of crypto in payments for international trade transactions.

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    Cryptocurrency

    US Lawmaker Proposes to Create Strategic Bitcoin Reserve

    By Editors | 31/07/2024

    A Hong Kong lawmaker said including Bitcoin in the city’s strategic financial reserves is something that should be considered.

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    Fraud, Scams & Cybercrime

    US Authorities Charge Founder of Crypto Firm BitClout

    By Editors | 31/07/2024

    Nader Al-Naji faces civil and criminal charges for allegedly lying to investors and misappropriating investments for personal expenses and gifts.

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    Cryptocurrency

    India to Issue Policy Paper on Crypto ‘Before September’

    By Ajoy K Das | 30/07/2024

    The paper will include proposals on the scope of cryptocurrency regulations, based on the IMF-FSB roadmap adopted by the G20 last year.

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    Anti-Money Laundering

    New Zealand DIA Issues New AML-CFT Guidance for VASPs

    By Sanday Chongo Kabange | 29/07/2024

    The guidance clarifies that the travel rule does not apply to transfers to un-hosted/self-hosted wallets, but that customer due diligence is still required.

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    Fraud, Scams & Cybercrime

    Russian Actors ‘Ubiquitous’ in Global Crypto Crime: TRM Labs

    By Editors | 27/07/2024

    Sanctioned Russia-based crypto exchange Garantex accounted for 82% of crypto transactions associated with all sanctioned entities internationally in 2023.

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    Fraud, Scams & Cybercrime

    HSBC Australia Blocks Payments to Crypto Exchanges

    By Editors | 26/07/2024

    The decision was made in light of data showing that Australians lost up to A$171mn in investment scams in 2023.

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    Cryptocurrency

    Korea FSS Scrutinises Deposit Rates Paid by Crypto Exchanges

    By Editors | 25/07/2024

    The FSS determined that Bithumb’s proposal to pay 4 percent per annum on customer deposits was unreasonably high and did not comply with supervisory regulations.

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    Custody & Infrastructure

    MAS Grants In-Principle Approval to Digital Asset Custodian Hex Trust

    By Ranamita Chakraborty | 25/07/2024

    Hex Trust said the MPI license will allow it to offer regulated DPT services in Singapore, namely for custody and OTC trading of DPTs.

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    Cryptocurrency

    US Exchanges Commence Trading in First Spot Ether ETFs

    By Editors | 24/07/2024

    Nine ETFs saw $1.07bn worth of shares traded on the first day, resulting in net inflows of around $106.7mn.

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