Crypto / Digital Assets

Sanctions

Russia Urges Crypto Use for Cross-border Payments

By Editors | 04/07/2024

CBR governor Elvira Nabiullina said Russia has softened its stance on the use of cryptocurrencies in international payments.

Crypto / Digital Assets

US SEC Charges Consensys for Operating as Unregistered Broker

By Manesh Samtani | 03/07/2024

The SEC said Consensys Software Inc sold unregistered securities and performed brokerage functions by offering staking services in its popular wallet tool.

Capital / Liquidity

US Regulators Announce $63m Settlement With Silvergate

By Manesh Samtani | 03/07/2024

Silvergate, once a popular bank for crypto firms, agreed to penalties for AML noncompliance and misleading statements to investors.

Enforcement

SEC Lawsuit Against Binance May Proceed, Court Rules

By Manesh Samtani | 03/07/2024

Binance already settled DOJ, Treasury and CFTC charges for $4.3bn, but the SEC’s case was not included in the settlement.

Crypto / Digital Assets

MAS Grants Paxos Full Approval to Offer Stablecoins in Singapore

By Nithya Subramanian | 03/07/2024

Paxos is partnering with DBS Bank for cash management and the custody of stablecoin reserves.

Crypto / Digital Assets

Canton Network Launches Decentralised Interoperability Infrastructure

By Editors | 02/07/2024

The “Global Synchronizer” enhances interoperability on the Canton Network, which is designed to enable tokenisation and frictionless exchange of regulated financial assets and liabilities.

Crypto / Digital Assets

Trade Bodies to Develop Disclosure Guidelines for Digital Assets

By Editors | 02/07/2024

Four trade associations have organised a Steering Committee to propose new disclosure guidelines for digital asset tokens offered in the US.

Crypto / Digital Assets

US Treasury Finalises New Crypto-Tax Regulations

By Nithya Subramanian | 01/07/2024

While the new rule will go into effect for transactions starting in 2025, non-custodial brokers will be subject to a separate set of regulations.

AML / KYC

FATF Adds Monaco, Venezuela to Grey List; Removes Two Others

By Manesh Samtani | 01/07/2024

The Plenary also adopted two new country assessments and approved five priorities for the incoming Mexican Presidency.