Crypto / Digital Assets

AML / KYC

BitConnect Founder Indicted for Running Crypto Ponzi Scheme

By Editors | 28/02/2022

BitConnect founder Satish Kumbhani and his co-conspirators obtained fraudulent gains from investors amounting to about USD 2.4 billion.

AML / KYC

The SFC Approach to Virtual Assets Prioritises Investor Protection

By Manesh Samtani | 28/02/2022

Since 2018, the steps taken by the SFC to regulate the virtual asset space have prioritised investor protection, first and foremost.

Fintech / Regtech

JPX Acquires Stake in Mitsui-Backed Crypto Exchange

By Editors | 28/02/2022

JPX says the investment will help it strengthen its relationship with the issuer of ZipangCoin, a new digital currency pegged to the price of gold.

AML / KYC

BitMEX Founders Agree Settlement for US AML Violations

By Editors | 28/02/2022

Arthur Hayes and Benjamin Delo have pleaded guilty to breaching AML laws and agreed to pay a USD 10 million fine each.

Securities / Derivatives

US Fed Approves New Trading Rules for Senior Officials

By Sanday Chongo Kabange | 27/02/2022

The rules aim to support public confidence in the impartiality and integrity of the FOMC’s work by guarding against “even the appearance of any conflict of interest”.

Fintech / Regtech

ICE Makes ‘Strategic Investment’ in Digital Securities Platform tZero

By Editors | 24/02/2022

tZERO operates a digital marketplace for unique private assets, public equities, cryptocurrencies, and other digital assets, including NFTs.

Crypto / Digital Assets

Russia Considers Framework for Regulating Cryptocurrencies

By Sanday Chongo Kabange | 24/02/2022

The draft proposes requirements for VASPs relating to corporate governance, tax reporting, data storage, internal controls, risk management, client identification/KYC and segregation of assets.

Fintech / Regtech

KB Asset Management Unveils Plans to Launch Crypto Funds

By Editors | 24/02/2022

KB Asset Management is working towards launching a crypto ETF, a crypto-themed equity fund, and potentially a hybrid fund that includes crypto exposure.

Fintech / Regtech

Korean Think Tank Classifies Some NFTs as Virtual Assets

By Editors | 23/02/2022

NFTs used in games and for payments can satisfy the definition of virtual assets and may be subject to AML obligations, the Korea Institute of Finance said.