Digital Assets

Cryptocurrency

Eurex Set to Add Options to Crypto Derivatives Suite

By Mark Johnston | 21/10/2023

The new options contracts will allow investors to deploy new trading strategies with institutional grade trading and clearing safeguards, Eurex said.

Custody & Infrastructure

DTCC to Build Infrastructure to Support Adoption of Digital Assets

By Mark Johnston | 20/10/2023

DTCC is acquiring digital asset technology provider Securrency; will offer new blockchain-based products and “unlock the power of institutional DeFi”.

Fraud, Scams & Cybercrime

NYAG Sues Crypto Firms Gemini, Genesis, DCG for Fraud

By Manesh Samtani | 20/10/2023

“Gemini hid the risks of investing with Genesis, and Genesis lied to the public about its losses,” said AG Letitia James. The lawsuit says 230,000 investors lost more than $1bn.

Cryptocurrency

Korea FSS Developing Rules to Implement Virtual Asset Law

By Mark Johnston | 20/10/2023

Regulations to implement the Virtual Asset Users Protection Act, which was passed in June, will be ready by January 2024.

CBDCs

ECB Launches Two-Year Preparation Phase for Digital Euro

By Mark Johnston | 20/10/2023

The ECB said its Governing Council will decide after the two year preparation phase whether to proceed to the next stage.

Cryptocurrency

ESMA Calls on NCAs, Crypto Firms to Start Preparing for MiCA

By Manesh Samtani | 20/10/2023

ESMA is concerned that MiCA’s optional grand-fathering period might allow some crypto firms to continue operating without a full licence all the way until July 2026.

Anti-Money Laundering

FinCEN to Require FIs to Report Transactions Involving Crypto Mixers

By Editors | 19/10/2023

FIs would have to report information about transactions they know or suspect could involve crypto mixing, whether in the US or in another jurisdiction.

Fraud, Scams & Cybercrime

Singapore Prosecutors Establish Technology and Crypto Crime Task Forces

By Editors | 19/10/2023

Singapore’s Attorney General’s Chambers has established a Technology Crime Task Force and Virtual Currency Task Force.

PEPs & Sanctions

OFAC Sanctions Hamas Operatives, Financial Facilitators

By Editors | 18/10/2023

OFAC is targeting Hamas members managing a “secret” investment portfolio, a Qatar-based financial facilitator, and a Gaza-based crypto exchange.