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Anti-Money Laundering
India Freezes Crypto Exchange Assets in Money Laundering Probe
By Mark Johnston | 18/08/2022
India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.
Market Abuse
Korea FSS Targets Illegal Short Selling, FX Transactions
By Editors | 17/08/2022
October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.
Cryptocurrency
Fed Issues New Guidance to Banks Engaging in Crypto Activity
By Manesh Samtani | 17/08/2022
Banks seeking to engage in crypto-asset-related activities are directed to first notify their lead supervisory point of contact at the Federal Reserve.
Anti-Money Laundering
Three Associated with Tornado Cash Allegedly Arrested
By Manesh Samtani | 16/08/2022
Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.
Tokenisation
ISLA May Revise GMSLA to Cater to Digital Assets
By Editors | 15/08/2022
ISLA has appointed Ashurst to assess whether the standard master agreements used in securities lending may need to be extended or revised.
Cryptocurrency
Thailand to Improve Protections for Crypto Investors
By Editors | 15/08/2022
The regulatory changes are in part a response to a liquidity crisis at Zipmex, one of Thailand’s leading digital asset exchanges.
Cryptocurrency
Philippines: BSP to Suspend VASP Licensing for Three Years
By Editors | 15/08/2022
Starting from 1 September, new VASP licence applications will only be entertained if they come from existing BSP-supervised financial institutions.
Trading & Investment
Financial Education Gaps Prevent Retail Participation in Markets
By Manesh Samtani | 14/08/2022
New research from WEF, BNY Mellon and Accenture finds 29% of investors do not understand crypto, but nearly 40% said the same of stocks and bonds.
Cryptocurrency
FSC Korea Starts Work on New Crypto Legislation
By Editors | 12/08/2022
The new “Digital Assets Basic Act” is likely to adopt various measures from 13 bills already proposed by lawmakers and pending in the National Assembly.
Emerging Prudential Risks
SEC, CFTC Propose Enhanced Reporting Rules for Hedge Funds
By Manesh Samtani | 11/08/2022
Under the proposed rules, large hedge funds and PE funds would have to report their crypto exposures for the first time.
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