Crypto / Digital Assets

AML / KYC

Thailand Extradites Crypto Fraud Suspect to China

By Editors | 27/08/2024

The Malaysian national is the first suspect to be sent from Thailand to China under an extradition treaty that took effect in 1999.

Crypto / Digital Assets

Australian Court Rules Kraken Violated Regulatory Requirements

By Sanday Chongo Kabange | 26/08/2024

The court ruled that the crypto firm failed to comply with design and distribution obligations when offering a margin trading product.

Crypto / Digital Assets

DBS Concludes Blockchain Pilot to Streamline Grant Disbursements

By Ranamita Chakraborty | 25/08/2024

The programmable grant disbursement pilot used smart contracts to automate and streamline grant disbursements by Enterprise Singapore.

Big Picture

Circle Proposes New Capital Management Model for Stablecoins

By Ranamita Chakraborty | 25/08/2024

The proposed framework seeks to provide a comprehensive approach to managing the unique challenges faced by stable value tokens such as stablecoins.

Crypto / Digital Assets

Korean Regulators Inspect Monitoring Systems for Crypto Market

By Manesh Samtani | 23/08/2024

Inspections found that Korea’s big-five crypto exchanges have established dedicated teams and systems to detect and respond to abnormal trading activities.

Crypto / Digital Assets

SFC Finds ‘Unsatisfactory Practices’ at Some Crypto Firms

By Editors | 23/08/2024

The SFC found an overreliance on just a few executives for custody and inadequate safeguards against cybercrime risks.

AML / KYC

Binance and Macau Police Launch Campaign to Combat Scams

By Editors | 23/08/2024

Binance has partnered with the Macau Judiciary Police to launch an anti-scam campaign, aiming to protect users from the risk of fraud in the digital space.

Crypto / Digital Assets

IMF Paper Highlights Untapped Potential of Programmability

By Ranamita Chakraborty | 22/08/2024

The paper proposes a framework for understanding programmability in payment and settlement systems.

Enforcement

Polish National Arrested in Montenegro for Crypto Fraud

By Mark Johnston | 22/08/2024

Both Poland and South Korea are seeking the extradition of crypto founder Roman Zimian to face fraud and money laundering charges.