Crypto / Digital Assets

AML / KYC

Japan Ministry Seeks Powers to Confiscate Crypto Assets

By Editors | 12/06/2022

Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.

Crypto / Digital Assets

BOE Publishes Primer Explaining Plans for Possible CBDC

By Editors | 09/06/2022

The BOE will seek views from the public later this year about the possible issuance of a CBDC in the “second half of the decade” at the earliest.

Crypto / Digital Assets

NYDFS Issues Regulatory Guidance for Stablecoin Issuers

By Editors | 09/06/2022

The guidance outlines criteria specifically addressing stablecoin redeemability, asset reserve requirements, and independent audit requirements.

Crypto / Digital Assets

US SEC Reportedly Probing Binance 2017 Token Offering

By Editors | 09/06/2022

The SEC is also investigating market making companies owned by Binance’s CEO and whether company insiders may have engaged in trading abuses.

AML / KYC

DOJ Calls for Stronger International Cooperation on Crypto Crime

By Editors | 08/06/2022

The paper says the US should help foreign nations develop the tools, technical expertise, and infrastructure necessary to conduct complex crypto-related investigations.

Crypto / Digital Assets

Investment Scams On the Rise in Australia: ACCC

By Editors | 08/06/2022

Australia has seen a sharp increase in investment scams this year. Text messages have become the most common scam contact mode.

Crypto / Digital Assets

US Senators Propose Regulatory Framework for Crypto Assets

By Manesh Samtani | 08/06/2022

The CFTC would be granted authority over crypto spot markets, based on the understanding that “most digital assets are more similar to commodities than securities”.

Crypto / Digital Assets

BIS Paper Explains Why Crypto Cannot Function as Money

By Editors | 08/06/2022

Fragmentation without interoperability implies that cryptocurrencies cannot fulfil the role of money as a coordination device, the paper says.

Crypto / Digital Assets

Hong Kong SFC Issues Warning on NFT-related Risks

By Editors | 06/06/2022

Some NFTs have ‘crossed the boundary’ between a collectible and a financial asset, which would bring them under the SFC’s remit and require licensing.