Digital Assets

Anti-Money Laundering

EU-Funded Report Explores Crypto Use in Darknet Markets

By Mark Johnston | 12/04/2023

Law enforcement needs training, resources, technology and cooperation to effectively investigate darknet markets, which grew 469-fold between 2011 and 2020.

Custody & Infrastructure

New FTX Report Reveals Extent of Control Failures

By Manesh Samtani | 11/04/2023

FTX stored private keys in plain text documents without encryption on an FTX group server that was accessible by staff.

Tokenisation

SEB, Crédit Agricole Launch Digital Bond Issuance Platform

By Editors | 11/04/2023

The platform uses a blockchain validation protocol called “Proof of Climate awaReness”, which incentivises participating nodes to improve their environmental impact.

Anti-Bribery & Corruption

Korea Arrests More Coinone Employees Over Bribery Allegations

By Editors | 11/04/2023

The employees are accused of engaging in bribery conduct to list digital assets on Coinone’s platform.

Cryptocurrency

OKX’s Ben Bowden Discusses Regulatory Response to FTX Fallout

By Editors | 10/04/2023

Ben Bowden, Global Head of Compliance at OKX, discusses the fallout from FTX, crypto regulatory approaches, and the role of proof of reserves.

Cryptocurrency

ECB Official Says MiCA Still Needs Further Strengthening

By Manesh Samtani | 10/04/2023

Pre-collapsed FTX and today’s Binance would not meet the threshold for classification as ‘significant’ CASPs. Even if they did, stricter requirements wouldn’t apply.

Cryptocurrency

Cake Defi’s Henry Loh Discusses Credit Risk & Trust in Crypto

By Editors | 10/04/2023

Cake DeFi’s Henry Loh discusses the importance of credit risk management and clearer regulatory guidance to promote trust in the crypto sector.

KYC & CDD

Singapore to Set Crypto Client Onboarding Standards for Banks

By Editors | 10/04/2023

The “industry-driven project” has been ongoing for about six months, with participation from MAS and Police in a banks-led working group.

CBDCs

ANZ Completes First Use Case Test for CBDC Pilot

By Editors | 10/04/2023

ANZ tokenised ACCUs that were purchased by Grollo Carbon Ventures. Settlement occurred using ANZ’s stablecoin, which was backed by pilot CBDC.