Crypto / Digital Assets

Crypto / Digital Assets

US SEC Charges Cumberland DRW for Illegal Crypto Operations

By Nithya Subramanian | 18/10/2024

The SEC complaint alleges that Cumberland DRW bought and sold over $2bn in crypto assets without registering as a securities dealer.

Crypto / Digital Assets

Hong Kong Working “Full Steam Ahead” on Stablecoin Legislation

By Sanday Chongo Kabange | 30/09/2024

The FSTB and the HKMA will “strive” to introduce draft legislation for Hong Kong’s stablecoin regulatory regime by end 2024.

Enforcement

Japan FSA Issues Business Improvement Order on DMM Bitcoin

By Mark Johnston | 30/09/2024

DMM Bitcoin has until 28 October to submit plans to the FSA specifying measures to prevent a recurrence of the bitcoin theft it suffered in May.

Crypto / Digital Assets

Hong Kong Exchange Lists First Digitally Native Notes

By Editors | 29/09/2024

The one-year HKD denominated digitally native notes were issued by HSBC, leveraging the HSBC Orion platform.

Crypto / Digital Assets

Korea to Protect Investors from Crypto Exchange Failures

By Manesh Samtani | 28/09/2024

DAXA will establish a new foundation that will manage users’ assets when a crypto exchange fails and return them to investors.

Crypto / Digital Assets

Singapore Court Grants WazirX Four-Month Conditional Moratorium

By Nithya Subramanian | 27/09/2024

The moratorium allows WazirX four months to resolve customer losses from a $230mn hack the company suffered in July.

Crypto / Digital Assets

MAS Updates Consumer Protection Guidelines for Crypto Firms

By Nithya Subramanian | 26/09/2024

The updated guidelines reflect decisions set out by MAS in November 2023, focusing on consumer access, conflicts of interest and business conduct.

Crypto / Digital Assets

FSC Korea to Start Pushing 2nd Phase of Crypto Legislation

By Editors | 26/09/2024

The legislation will include measures to enable corporations and institutional investors to participate in the domestic crypto market.

Enforcement

US Federal Court Jails Former FTX Exec Caroline Ellison

By Nithya Subramanian | 26/09/2024

Caroline Ellison was the former girlfriend and a key witness in the prosecution of FTX founder Sam Bankman-Fried.