Digital Assets

Cryptocurrency

FDIC Orders Crypto Firms to Correct Misrepresentations

By Editors | 24/08/2022

Five crypto firms were ordered to correct false representations stating or suggesting that certain crypto-related products are FDIC-insured.

Cryptocurrency

Korean Police Pilots Crypto Seizures to Settle Unpaid Fines

By Editors | 24/08/2022

The programme was introduced as a way to collect unpaid fines in a contactless way. The amount seized reportedly exceeded all collections made in the last three years.

Conduct, Culture & Accountability

ASIC Outlines Strategic Priorities in New Corporate Plan

By Sanday Chongo Kabange | 24/08/2022

ASIC will prioritise work to protect investors from the crypto risks, misconduct including greenwashing, and other harms.

Cryptocurrency

Indonesia Stops Registering New Crypto Businesses

By Editors | 24/08/2022

The moratorium is intended to allow the regulator to focus on improving the governance of crypto exchanges that are already registered.

Cryptocurrency

ECB Targets Harmonisation of Crypto Licensing Requirements

By Editors | 24/08/2022

The ECB will look to ensure capital requirements criteria are applied when national regulators assess crypto-related licensing requests.

Market Abuse

Academic Study Finds Broader Front-Running Problem at Coinbase

By Mark Johnston | 23/08/2022

University of Technology Sydney researchers estimate that insider trading occurred on 10-25% of new crypto listings at Coinbase between Sept 2018 and May 2022.

Cryptocurrency

US Court Allows Use of Crypto Firm’s Records to Identify Tax Cheats

By Editors | 23/08/2022

Crypto prime dealer SFOX will have to reveal the identities of customers who are US taxpayers and information on their crypto transactions.

Payments & Settlements

India, Russia Continue to Explore Non-USD Trade Options

By Editors | 23/08/2022

Indian and Russian banks are discussing the use of customised trade accounts and an exchange rate mechanism that will enable trade settlement in rupees and rubles.

Cryptocurrency

Australia Set to Begin Consultation on Crypto Regulation

By Editors | 23/08/2022

Treasury will prioritise ‘token mapping’ work in 2022, to help identify how crypto assets and related services should be regulated. A consultation will be released “soon”.