Digital Assets

Fraud, Scams & Cybercrime

Korean Authorities Probes Crypto Lender Delio Over Fraud Allegations

By Sanday Chongo Kabange | 03/07/2023

Regulators are investigating Delio on suspicions that it engaged in fraudulent activities, embezzlement and breach of trust.

Cryptocurrency

RBNZ to Develop Monitoring Capabilities for Crypto Markets

By Sanday Chongo Kabange | 02/07/2023

The RBNZ is not planning to introduce a regulatory framework for cryptoassets until global best practice becomes clearer.

Cryptocurrency

South Korea Passes Virtual Asset User Protection Bill

By Editors | 02/07/2023

The bill focuses on protecting virtual asset users and preventing unfair trading practices. The new framework will be implemented within one year.

Capital Adequacy

UK: Financial Services and Markets Act Receives Royal Assent

By Editors | 29/06/2023

The Act sets a path to reform Solvency II, gives the FCA regulatory powers over crypto, and provides stronger protections for victims of APP fraud.

CBDCs

EU Commission Issues Legislative Proposal to Introduce CBDC

By Editors | 29/06/2023

The ECB will decide whether to move to the next phase of the project after its investigation phase is concluded in October.

CBDCs

BIS Releases Interim Report on Project Mariana

By Editors | 29/06/2023

Project Mariana is studying the use of DeFi automated market makers and wholesale CBDC for cross-border foreign exchange transactions.

Anti-Money Laundering

FATF Publishes Update on VA, VASPs Standards Implementation

By Jill Wong | 28/06/2023

The latest FATF review on country compliance finds that markets are continuing to struggle with FATF requirements to regulate virtual asset service providers.

Cryptocurrency

US Supreme Court Rules in First Crypto-related Case

By Editors | 28/06/2023

The ruling will halt class-action lawsuits against Coinbase in two California cases, and move both cases into arbitration.

Cryptocurrency

UK Law Commission Offers Recommendations on Digital Assets

By Manesh Samtani | 28/06/2023

The Law Commission suggests the introduction of a distinct category of personal property to better recognise and protect the unique features of digital assets.