Digital Assets

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    Cryptocurrency

    US SEC to Settle Case Against Crypto Firm Bittrex for $24m

    By Editors | 11/08/2023

    Bittrex and its co-founder and former CEO agreed to settle the SEC case for $24mn. The firm previously said it was exiting the US market due to a lack of regulatory clarity.

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    Anti-Money Laundering

    US Senators Reintroduce Digital Asset Anti-Money Laundering Act

    By Editors | 10/08/2023

    The bill, if enacted, would require firms to start reporting crypto transactions exceeding $10,000 after 18 months.

    Stablecoins

    Fed Unveils New Supervision Programme for Banks Engaging With Crypto

    By Manesh Samtani | 10/08/2023

    The Fed requires banks to obtain a written notification of supervisory nonobjection before engaging in activities involving stablecoins.

    Fraud, Scams & Cybercrime

    Indian Police Busts Crypto-Ponzi Scheme Worth Over $120m

    By Mark Johnston | 09/08/2023

    The scheme targeted individuals across various regions of India, encouraging them to invest in a fraudulent crypto token known as STA.

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    Payments & Settlements

    UK Commits to Taking Forward Payments System Reforms

    By Editors | 09/08/2023

    The reforms will include a regulatory regime for future systemically important stablecoins used as a means of payment.

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    Fraud, Scams & Cybercrime

    Crypto CEO Charged in South Korea for Fraud, Embezzlement

    By Editors | 09/08/2023

    Bitsonic CEO Jinwook Shin manipulated computer records to inflate prices and trading volumes, and defraud investors.

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    Stablecoins

    PayPal Unveils Stablecoin Plans, Prompting Call for Clear Regulations

    By Editors | 08/08/2023

    PayPal plans to allow US customers to exchange PYUSD for other cryptocurrencies as well as use it to fund purchases, make transfers to external wallets, and send person-to-person payments.

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    Cryptocurrency

    MAS Grants Blockchain.com Major Payment Institution License

    By Ranamita Chakraborty | 08/08/2023

    Blockchain.com has become the twelfth cryptocurrency exchange in Singapore to be granted a crypto-dealing license, enabling it to provide services to accredited investors and institutions.

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    Custody & Infrastructure

    Australia Expected to Consult on Crypto Rules Within Weeks – Report

    By Editors | 08/08/2023

    The rules are expected to cover crypto custody and licensing for exchanges, as well as obligations for crypto firms to protect customer funds.

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    Cryptocurrency

    SFC Warns of ‘Improper Practices’ by Unlicensed Crypto Exchanges

    By Manesh Samtani | 08/08/2023

    Some crypto exchanges have misled investors by falsely claiming they have applied for licences when in fact they have not.

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