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Digital Assets
Cryptocurrency
Russia Already Using Bitcoin in Foreign Trade Transactions – Reports
By Editors | 30/12/2024
Russian Finance Minister said bitcoin is already being used in foreign trade transactions as part of a new “experimental regime”.
Custody & Infrastructure
Thailand Grants Second Digital Asset Custodian Licence
By Editors | 28/12/2024
The digital asset custodian licence was granted to Rakkar, part of SCBX Group’s venture capital arm.
PEPs & Sanctions
US Imposes More Sanctions Targeting Iran’s Oil Trade & Yemen’s Houthis
By Editors | 22/12/2024
The sanctions targets include companies based in Hong Kong, Malaysia and India. Five cryptocurrency wallets were also added to the SDN list.
Stablecoins
US SEC Fines Unit of Jump Trading Over TerraUSD Collapse
By Editors | 21/12/2024
The SEC said Tai Mo Shan Limited deceived the market about TerraUSD’s stability while purchasing the stablecoin to restore its peg.
Custody & Infrastructure
SFC Issues Circular Offering Clarity on VATP Licensing Process
By Sanday Chongo Kabange | 19/12/2024
VATP applicants can receive conditional licenses with restrictions that can only be lifted after a second-phase assessment process.
Cryptocurrency
ESMA Releases Last Batch of Policy Documents for MiCA
By Editors | 19/12/2024
The new package includes standards on preventing market abuse and guidelines on suitability and crypto-asset transfer services.
Cryptocurrency
Hong Kong SFC Grants Four New Virtual Asset Licences
By Sanday Chongo Kabange | 19/12/2024
The SFC said the licences were granted under its “swift licensing process” for handling deemed-to-be-licensed VATP applicants
PEPs & Sanctions
OFAC Sanctions Two for Funnelling Illicit Proceeds to North Korea
By Editors | 18/12/2024
The two individuals are part of a network led by Sim Hyon Sop, a sanctioned China-based banking representative who helps North Korea launder money.
Cryptocurrency
ASIC Sues Binance Over Misclassification of Retail Clients
By Editors | 18/12/2024
Binance offered crypto derivative products to over 500 Australian retail investors who were misclassified as wholesale clients.
Stablecoins
Ripple Launches USD Stablecoin on Global Crypto Exchanges
By Editors | 18/12/2024
RLUSD is backed by USD deposits, US treasuries and cash equivalents. Third-party attestations of the reserve assets will be published monthly.
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