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Cryptocurrency
Crypto Major OKX Wins In-principle Approval in Singapore
By Ranamita Chakraborty | 14/03/2024
OKX will focus on spot products first while it works to bring local banking connections to customers “as soon as possible”.

Anti-Money Laundering
US Court Convicts Alleged Founder of Crypto Mixer ‘Bitcoin Fog’
By Editors | 14/03/2024
Russian-Swiss national Roman Sterlingov was found guilty on four charges, though he maintained his innocence during the jury trial.

Cryptocurrency
Coinbase Launches Legal Challenge Against US SEC
By Manesh Samtani | 13/03/2024
Coinbase argues that the SEC acted arbitrarily and capriciously when it summarily denied a petition seeking tailored rules for the crypto industry.

Stablecoins
HKMA to Establish Regulatory Sandbox for Stablecoin Issuers
By Sanday Chongo Kabange | 13/03/2024
The HKMA will use the sandbox to communicate supervisory expectations and guidance on the issuance of fiat-referenced stablecoins in Hong Kong.

Anti-Money Laundering
Nigeria Detains Binance Execs After Inviting Them for Dialogue
By Mark Johnston | 13/03/2024
Two Binance executives have been detained in Nigeria following a visit to the country at the request of its government.

Custody & Infrastructure
Major FIs Conclude Blockchain Pilot on Canton Network
By Editors | 13/03/2024
Dozens of participating FIs settled transactions across 22 different permissioned blockchains that were connected to the Canton Network.

Cryptocurrency
UK FCA to Allow Recognised Exchanges to Offer Crypto ETNs
By Editors | 12/03/2024
The London Stock Exchange has already confirmed it will start accepting applications for Bitcoin and Ethereum ETNs in Q2 2024.

Cryptocurrency
Bankrupt BlockFi to Achieve Full Recovery for Customers
By Editors | 11/03/2024
BlockFi reached an agreement allowing it to recover $874.5mn from the estates of FTX and Alameda Research, subject to approval by a US bankruptcy judge.

Cloud & Infrastructure
Indonesia OJK to Provide Boost to Financial Sector Innovation
By Editors | 11/03/2024
The new regulation refines the regulatory sandbox mechanism to add eligibility criteria and to allow testing in crypto asset products.

Fraud, Scams & Cybercrime
Montenegro Approves Extradition of Do Kwon to South Korea
By Mark Johnston | 11/03/2024
Do Kwon now faces extradition to South Korea rather than the US after 23 March following a new court ruling.
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