Digital Assets

Fraud, Scams & Cybercrime

SFC Issues More Warnings About Suspected Crypto Frauds

By Sanday Chongo Kabange | 05/03/2024

BitForex, which disappeared with users’ funds last month, was added to the alert list, along with suspicious websites impersonating HashKey and OSL.

Anti-Money Laundering

Russia Re-rated on Four FATF Recommendations

By Editors | 04/03/2024

Russia was upgraded on R.6, R.7, and R.25, and downgraded on R.15 because digital currency activities are largely unregulated.

Cryptocurrency

SFC Issues Guidance on Disciplinary Process Under Virtual Assets Regime

By Sanday Chongo Kabange | 01/03/2024

The guide describes the SFC’s process for taking disciplinary action, what such action can entail, and who can be subject to such action.

Cryptocurrency

NYDFS Secures Return of $1.1bn to ‘Gemini Earn’ Investors

By Editors | 01/03/2024

Gemini Trust has committed to returning at least $1.1bn to customers who invested in its ‘Earn’ crypto lending programme.

Cryptocurrency

ASIC Secures Orders Preventing Ex-Crypto Boss from Leaving Australia

By Sanday Chongo Kabange | 01/03/2024

ASIC is investigating former directors of Blockchain Global Limited over the A$50mn collapse of a crypto exchange they operated.

Cryptocurrency

SFC Stops Accepting Licence Applications from Crypto Platforms

By Manesh Samtani | 01/03/2024

24 licence applicants are listed on the SFC’s website, including OKX, Crypto.com, Bybit, Bullish, Gate Group, Huobi and Matrixport.

Cryptocurrency

Indonesia Government Urged to Review Crypto Tax Policy

By Sanday Chongo Kabange | 29/02/2024

Bappebti is calling on the Ministry of Finance to review Indonesia’s crypto tax regime ahead of the transfer of crypto oversight to the OJK.

Tokenisation

Rabobank Executes €2b in Commercial Paper Transactions on Blockchain

By Sanday Chongo Kabange | 29/02/2024

Rabobank has completed a series of pilots to execute commercial paper transactions on a blockchain platform called ‘Ubermorgen’.

Cryptocurrency

HashKey OTC Arm Gets On-Principle Approval in Singapore

By Nithya Subramanian | 29/02/2024

In-principle approval brings HashKey OTC a step closer to being fully regulated in Singapore.