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Digital Assets
Fraud, Scams & Cybercrime
Indian Crypto Exchange WazirX Suffers $230m Crypto Theft
By Ajoy K Das | 22/07/2024
WazirX is offering a reward for help in recovering the stolen assets. Hackers affiliated with North Korea are believed to be responsible.
Custody & Infrastructure
ANNA, DTIF to Streamline Digital Asset Regulatory Reporting
By Editors | 19/07/2024
ANNA and DTIF will work to integrate DTIs and ISINs in KYAX’s reporting tool to simplify compliance with reporting requirements under MiCA and EMIR Refit.
Anti-Money Laundering
Taiwan FSC Imposes AML Fine on Crypto Firm ACE Exchange
By Editors | 19/07/2024
ACE Exchange failed to verify customer identities and to set different transaction monitoring thresholds based on customer risk levels, among other violations.
Cryptocurrency
New Virtual Asset Law Takes Effect in South Korea
By Manesh Samtani | 19/07/2024
The FSC expects the law to establish a foundation to provide safe protection for users and sound order in the virtual asset market.
Stablecoins
HKMA Names First Participants of Stablecoin Sandbox
By Sanday Chongo Kabange | 19/07/2024
The participants are Jingdong Coinlink Technology, RD InnoTech, Standard Chartered, Animoca Brands, and HKT.
Tokenisation
Moody’s Joins MAS’ Project Guardian in Fixed Income Workstream
By Nithya Subramanian | 18/07/2024
The ratings agency aim is to enhance transparency, reduce systemic risk and promote the growth of the tokenisation industry.
Stablecoins
Hong Kong Publishes Results from Stablecoin Consultation
By Sanday Chongo Kabange | 18/07/2024
Based on feedback, the FSTB and HKMA will prepare a bill to implement a regulatory regime for stablecoins and submit it to LegCo later this year.
Anti-Money Laundering
Taiwan Strengthens AML Requirements for Crypto Firms
By Nithya Subramanian | 18/07/2024
The amended law requires crypto platforms to establish local entities and complete a registration process to offer services in Taiwan.
Fraud, Scams & Cybercrime
CFTC, FTX Reach Agreement on $12.7b Settlement
By Editors | 17/07/2024
The CFTC is only payable to the extent that funds are available after customer and creditor claims are settled.
Emerging Prudential Risks
BCBS Publishes Final Standards for Bank Crypto Exposures
By Manesh Samtani | 17/07/2024
The BCBS published final amendments to the prudential standard and the final disclosure framework for banks’ cryptoasset exposures.
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