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Digital Assets
Cryptocurrency
Australia Convicts Ex-Crypto Promoter for Unlicensed Financial Advice
By Sanday Chongo Kabange | 16/07/2024
John Bigatton was convicted for providing unlicensed financial advice when he promoted BitConnect in seminars and on social media.
Stablecoins
Hong Kong to Release Stablecoin Consultation Results “Soon”
By Sanday Chongo Kabange | 16/07/2024
The FSTB said it will “soon” release the results of a 2023 consultation on the proposed regulatory regime for fiat-referenced stablecoins.
CBDCs
World Bank Paper Explores Interoperability Between CBDC and FPS
By Editors | 16/07/2024
The paper says internal experimentation demonstrated how CBDC systems could interoperate with retail payment systems through an interlinking bridge.
Cryptocurrency
Thai SEC Proposes New Requirements for Crypto Exchanges
By Editors | 16/07/2024
Digital asset exchanges will be required to establish and disclose rules regarding token listing, delisting, trading, clearing, settlement, and market making.
Cryptocurrency
FSC Korea Issues Regulations for New Virtual Assets Law
By Manesh Samtani | 16/07/2024
The regulations specify how the virtual asset market will be supervised and illegal activities will be investigated. The new law takes effect on Friday.
Fraud, Scams & Cybercrime
Cambodian Online Platform Involved in $11bn Illicit Transactions
By Nithya Subramanian | 12/07/2024
A report by Elliptic said that Huione Guarantee hosts merchants providing services to perpetrate deepfake, money laundering, and pig-butchering scams.
Cryptocurrency
Crypto Lender Celsius Files Lawsuit Against Former Users
By Editors | 12/07/2024
Crypto lender Celsius said users who withdrew funds in the 90 days before its bankruptcy “unfairly benefitted at the expense of other account holders”.
Cryptocurrency
ASX Commences Trading in Second Spot Bitcoin ETF
By Editors | 12/07/2024
The ETF is managed by DigitalX Limited in partnership with K2 Asset Management and Canadian firm 3iQ.
Cryptocurrency
Futu Securities Granted Approval to Offer Crypto in Hong Kong
By Editors | 11/07/2024
A licence upgrade allows Futu Securities to provide virtual asset dealing services to retail and professional investors in Hong Kong.
Cryptocurrency
Korean Regulators Outline Approach to Crypto Investigations
By Manesh Samtani | 10/07/2024
The new investigation system will be immediately activated on 19 July, when the new Virtual Asset User Protection Act takes effect.
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