Digital Assets

Fraud, Scams & Cybercrime

HK SFC Under Fresh Scrutiny Over Crypto Platform Hounax

By Sanday Chongo Kabange | 28/11/2023

The SFC is being accused of playing a “passive role” by not blocking suspicious crypto trading platform Hounax and preventing it from contacting the public.

Fraud, Scams & Cybercrime

HK Police Arrest 30 in Connection with Alleged JPEX Fraud

By Editors | 28/11/2023

A total 66 individuals have now been arrested, though they have not yet been charged and have all been released on bail pending investigation.

Cryptocurrency

Interactive Brokers, Victory Securities Granted HK Crypto Licences

By Editors | 27/11/2023

Interactive Brokers and Victory Securities say they have approval to offer crypto trading services to retail investors in Hong Kong.

Anti-Money Laundering

EBA Consults on Travel Rule Guidelines for Funds and Crypto Transfers

By Mark Johnston | 27/11/2023

The EBA plans new guidelines to prevent the misuse of funds and crypto-assets transfers for illicit purposes, aligning with FATF standards.

Fraud, Scams & Cybercrime

Montenegro Court Approves Extradition of Terra Founder

By Mark Johnston | 27/11/2023

The court said both South Korea and the US have met Montenegro’s legal requirements for Do Kwon’s extradition.

Tokenisation

UK Funds Can Start Tokenising Funds, FCA Confirms

By Mark Johnston | 25/11/2023

In this initial stage, FCA authorised funds can implement tokenisation using a “baseline approach”, provided they meet certain characteristics.

Cryptocurrency

MAS to Phase in New Crypto Rules Starting Mid-2024

By Editors | 23/11/2023

The rules cover business conduct, technology risks, and consumer access. Crypto assets can be counted towards accredited investor net worth calculations.

Conduct, Culture & Accountability

ASIC Announces Enforcement Priorities for 2024

By Editors | 23/11/2023

ASIC added new priorities targeting super funds and market integrity, and emphases a continued focus on greenwashing.

CBDCs

Korea Reveals New Details on CBDC Pilot Programme

By Editors | 23/11/2023

The plans were announced during a visit to Korea by Agustin Carstens, general manager of the BIS, which is providing technical support for Korea’s CBDC testing.