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Fraud, Scams & Cybercrime
CBIRC Warns of Metaverse-related Investment Scams
By Darien Choong | 22/02/2022
The CBIRC warns of criminals luring the public to invest in high-tech projects related to the metaverse and profiting from “fake virtual currencies”.
CBDCs
Taiwan to Complete Second Phase of CBDC Trials By September
By Editors | 21/02/2022
Under the current design, a two-tier system is being used that will allow users to exchange bank deposits with the TWD digital currency.
Cloud & Infrastructure
Korea FSS Includes NFT, Metaverse Monitoring in Annual Work Plan
By Sanday Chongo Kabange | 20/02/2022
The FSS said it will strengthen its supervision of “new trading assets such as NFTs” and “prepare countermeasures” if necessary to protect consumers against damage.
Anti-Money Laundering
US DOJ Appoints First Director of National Crypto Enforcement Team
By Editors | 20/02/2022
The FBI has meanwhile created a new “Virtual Asset Exploitation Unit”, which will provide analysis, support, training and new tools to stay ahead of future crypto-related threats.
Fraud, Scams & Cybercrime
UK HMRC Seizes Three NFTs in Fraud Investigation
By Editors | 20/02/2022
Three people were arrested on suspicion of attempting to defraud HMRC using 250 fake companies. This is the first time a UK agency has seized NFTs.
Cryptocurrency
NYSE Seeks Trademark Licences for Digital Marketplace
By Sanday Chongo Kabange | 18/02/2022
A filing with the US Patent and Trademark Office suggests the NYSE may be planning to launch an NFT marketplace as well as its own cryptocurrency.
Cybersecurity
HKCERT Warns of Information Security Risks in 2022
By Editors | 18/02/2022
NFT and metaverse-related risks, and crypto account hacks and thefts, were cited as top information security risks for the first time.
Anti-Money Laundering
18 Crypto Exchanges Jointly Launch Travel Rule Solution
By Editors | 18/02/2022
The firms include BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, and Robinhood, among others.
Cryptocurrency
FSB Updates G20 on 2022 Priorities, Including Work on Crypto-assets
By Manesh Samtani | 17/02/2022
The FSB has started to examine regulatory and supervisory issues and approaches to address risks stemming from unbacked crypto-assets.
Tokenisation
NFTs Are Not Suitable for Retail Investors, MAS Chairman Warns
By Manesh Samtani | 17/02/2022
MAS chairman Tharman Shanmugaratnam said NFTs could be regulated only if they are used to represent capital markets products.
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