Crypto / Digital Assets

Crypto / Digital Assets

Japan FSA Directs Crypto Firm to Report on $300m Theft

By Editors | 06/06/2024

The FSA directed DMM Bitcoin to investigate and report on the cause of the theft. The government will monitor these efforts and “respond appropriately”.

Crypto / Digital Assets

Project mBridge Ready for Live Transactions by Early Adopters

By Manesh Samtani | 06/06/2024

Private sector firms are invited to further develop the multi-CBDC platform by proposing new solutions and use cases.

AML / KYC

US Authorities Arrest Epoch Times CFO for Money Laundering

By Editors | 06/06/2024

The DOJ alleges Weidong Guian participated in a “sprawling, transnational scheme” to launder $67mn million of crime proceeds.

Crypto / Digital Assets

No Penalty for Block Earner, Australian Court Rules

By Sanday Chongo Kabange | 05/06/2024

The Federal Court said Block Earner will not have to pay a penalty as it acted “honestly” before offering its “Earner” product.

Market Infrastructure

BIS Launches New Project to Enhance Cross-border Payments

By Manesh Samtani | 05/06/2024

The project will explore a new automatic FX settlement layer solution for cross-border payments, using wCBDC as a settlement asset.

Crypto / Digital Assets

Cboe Australia Commences Trading in New Bitcoin ETF

By Editors | 05/06/2024

The new ETF, launched by Monochrome Asset Management, is the first in Australia to hold crypto assets directly.

Crypto / Digital Assets

ESMA Issues Conflict of Interest Rules for Crypto Firms

By Editors | 05/06/2024

ESMA says crypto firms may be “vertically integrated” but must be able to identify, prevent, manage and disclose conflicts of interest.

Crypto / Digital Assets

UBS Group Completes Acquisition of Credit Suisse

By Editors | 03/06/2024

“Today we have achieved a significant milestone in our integration journey,” said UBS CEO Sergio Ermotti.

AML / KYC

Tokenisation Will Improve Correspondent Banking Model: BIS Paper

By Manesh Samtani | 01/06/2024

The next generation of correspondent banking will make “previously closed corridors economically viable once again”.