Digital Assets

Fraud, Scams & Cybercrime

SFC Confirms Crypto Firm JPEX Never Approached it About Licensing

By Sanday Chongo Kabange | 22/09/2023

JPEX breached the SFO and AMLO by publishing confidential correspondence with the SFC. Three more arrests have been made.

Cryptocurrency

ASIC Sues Crypto Exchange for Margin Trading Product

By Sanday Chongo Kabange | 21/09/2023

ASIC says Bit Trade did not comply with its design and distribution obligations when offering a margin trading product to Australian customers.

Cryptocurrency

Lawmaker to Propose Taiwan’s First Dedicated Virtual Assets Law

By Editors | 21/09/2023

The law covers 12 aspects, including a licensing system for virtual assets businesses, rules for their operations, and prohibitions on unfair trading practices.

Tokenisation

Industry Collaboration Driving Digital Asset Ecosystem Growth

By Ranamita Chakraborty | 20/09/2023

At the Digital Assets Week Singapore, MAS highlighted its focus on bringing the private and public sectors to grow the digital asset ecosystem.

Cryptocurrency

NYDFS Proposes Enhanced Requirements for Crypto Token Listings

By Manesh Samtani | 20/09/2023

Licensees will have to board-approved policies for listing and delisting coins. NYDFS asks firms to start drafting their coin-delisting policies now.

Custody & Infrastructure

Major FMIs to Collaborate on Digital Assets Development

By Editors | 20/09/2023

DTCC, Clearstream and Euroclear will work to improve standardisation and interoperability in the industry, focusing on real-money assets.

CBDCs

The Future Legal Tender: Chinese Views on CBDC

By Stephen Deane | 19/09/2023

Stephen Deane and Olivier Fines discuss the findings of a global survey on CBDCs, focusing on views from respondents in mainland China.

Fraud, Scams & Cybercrime

Hong Kong Police Arrest Eight in JPEX Crypto Fraud Case

By Manesh Samtani | 19/09/2023

Police said complaints have been received from 1,641 investors reporting HKD 1.2 billion in losses, making it the single largest fraud case in Hong Kong’s history.

Fraud, Scams & Cybercrime

US Court Jails Former Deutsche Bank Exec for Crypto Fraud

By Mark Johnston | 19/09/2023

Rashawn Russell, who operated a fake cryptocurrency investment fund and an identity theft scheme, was sentenced to 30 years in prison.