Crypto / Digital Assets

Crypto / Digital Assets

Crypto Industry Seeks Public Sector Support on Sanctions Issues

By Manesh Samtani | 06/07/2022

More than 15 million crypto addresses have been linked to criminal activity with a nexus in Russia, a new GDF report says.

AML / KYC

EU Council Agrees Position on Bloc-Wide AML Authority

By Editors | 06/07/2022

The AMLA will directly supervise certain types of credit and financial institutions, including crypto asset service providers, starting in 2026.

Enforcement

Korea FSS Expands Banking Industry Probe into FX Trading

By Editors | 06/07/2022

The probe was prompted by abnormal trading activity at Woori and Shinhan Bank. Other banks have been asked to conduct internal inspections.

Crypto / Digital Assets

MAS Mulls New Restrictions on Retail Investment in Crypto

By Editors | 05/07/2022

New measures may include placing limits on retail participation, and introducing new rules on the use of leverage in crypto transactions.

Crypto / Digital Assets

Crypto Hedge Fund Three Arrows Capital Files for Bankruptcy

By Manesh Samtani | 05/07/2022

The bankruptcy filing came three days after Three Arrows entered into liquidation in the British Virgin Islands.

Crypto / Digital Assets

ANZ Completes First Stablecoin Transaction Involving Carbon Credit

By Editors | 05/07/2022

ANZ client Victor Smorgon Group successfully purchased tokenised Australian carbon credits from Zerocap using A$DC as a medium of exchange.

Crypto / Digital Assets

Binance to Help Cambodia Develop Crypto Regulatory Framework

By Editors | 04/07/2022

Binance signed an MoU with Cambodia’s securities regulator to support the development of a legal framework for regulating digital asset businesses.

Enforcement

US DOJ Files Charges Against Six Individuals Over Crypto Frauds

By Editors | 04/07/2022

Criminal charges were filed in four separate cases of alleged crypto-related fraud, including the largest known NFT scheme charged to date.

Crypto / Digital Assets

FSB Plenary Highlights Continued Financial Stability Concerns

By Editors | 03/07/2022

The FSB expressed concerns over the outlook for financial stability, volatility in commodity markets, and strains in crypto-asset markets.