Crypto / Digital Assets

Crypto / Digital Assets

US SEC Fines Unit of Jump Trading Over TerraUSD Collapse

By Editors | 21/12/2024

The SEC said Tai Mo Shan Limited deceived the market about TerraUSD’s stability while purchasing the stablecoin to restore its peg.

Crypto / Digital Assets

SFC Issues Circular Offering Clarity on VATP Licensing Process

By Sanday Chongo Kabange | 19/12/2024

VATP applicants can receive conditional licenses with restrictions that can only be lifted after a second-phase assessment process.

Crypto / Digital Assets

ESMA Releases Last Batch of Policy Documents for MiCA

By Editors | 19/12/2024

The new package includes standards on preventing market abuse and guidelines on suitability and crypto-asset transfer services.

Crypto / Digital Assets

Hong Kong SFC Grants Four New Virtual Asset Licences

By Sanday Chongo Kabange | 19/12/2024

The SFC said the licences were granted under its “swift licensing process” for handling deemed-to-be-licensed VATP applicants

Crypto / Digital Assets

OFAC Sanctions Two for Funnelling Illicit Proceeds to North Korea

By Editors | 18/12/2024

The two individuals are part of a network led by Sim Hyon Sop, a sanctioned China-based banking representative who helps North Korea launder money.

Enforcement

ASIC Sues Binance Over Misclassification of Retail Clients

By Editors | 18/12/2024

Binance offered crypto derivative products to over 500 Australian retail investors who were misclassified as wholesale clients.

Crypto / Digital Assets

Ripple Launches USD Stablecoin on Global Crypto Exchanges

By Editors | 18/12/2024

RLUSD is backed by USD deposits, US treasuries and cash equivalents. Third-party attestations of the reserve assets will be published monthly.

Crypto / Digital Assets

FCA Proposes New Rules to Prevent Abuse in Crypto Markets

By Mark Johnston | 17/12/2024

CATPs will have to establish robust due diligence processes for new listings, produce disclosure documents, and implement market abuse related systems and controls.

Crypto / Digital Assets

Bank Indonesia Completes Stage One PoC Testing for CBDC

By Manesh Samtani | 17/12/2024

Bank Indonesia published a report presenting the PoC findings and outlining focus areas for future exploration, including digital securities.