Digital Assets

Anti-Money Laundering

US Treasury Publishes First Ever DeFi Risk Assessment

By Manesh Samtani | 07/04/2023

Treasury calls on the private sector to use the risk assessment to inform their risk mitigation strategies, and offers recommendations on government action.

Anti-Money Laundering

AUSTRAC Provides AML/CTF Exemption for CBDC Pilot

By Sanday Chongo Kabange | 07/04/2023

The exemption applies to CBDC issuance, redemption, exchange, custody, storage, transfer, account opening and other areas for the RBA, pilot participants and customers.

Cryptocurrency

IOSCO Pledges to Deliver Sustainable Finance & Crypto Work in 2023

By Manesh Samtani | 06/04/2023

Under its new two-year work programme, IOSCO will issue a consultation on crypto asset regulation in H1 2023, and on DeFi regulation in Q3.

Cryptocurrency

UPDATED – Binance Faces Added Regulatory Pressures Amid CFTC Charges

By Editors | 05/04/2023

Dubai’s VARA is asking Binance for more information. ASIC is meanwhile reviewing Binance’s Australia derivatives business and has cancelled its licence.

Cryptocurrency

Four Crypto Platforms Directed to Stop Offering Services in Japan

By Editors | 05/04/2023

Bybit, MEXC Global, Bitforex, and Bitget were warned against offering services to Japanese residents without registration.

Cryptocurrency

Delay of Voyager-Binance.US Deal Could Cost $100m

By Editors | 05/04/2023

The acquisition of Voyager by Binance.US is being appealed by the DOJ. Creditors say the deal must be consummated by 13 April or they stand to lose $100mn.

Cryptocurrency

FTX EU Begins Allowing Customers to Withdraw Funds

By Editors | 05/04/2023

FTX EU set up a website through which balances can be verified and requests for withdrawals in fiat currency can be made.

Clearing & Post-Trade

IMDA Conducts Paperless Cross-border Trade Using ETR

By Sanday Chongo Kabange | 04/04/2023

A paperless live shipment from Singapore to Thailand was successfully conducted through collaboration between IMDA, ExxonMobil, VLK and Bunkerchain.

Anti-Money Laundering

KoFIU Shares Findings from On-site Inspections at VASPs

By Editors | 04/04/2023

KoFIU issued reprimands, cautions and KRW 490 million in fines against five crypto exchanges, executives and employees.