Crypto / Digital Assets

Crypto / Digital Assets

US House of Representatives Passes Digital Assets Bill

By Nithya Subramanian | 24/05/2024

The legislation provides a clear process to determine which digital asset transactions are subject to the SEC’s and CFTC’s jurisdiction.

Crypto / Digital Assets

Thai SEC Seeks Input on Regulatory Framework for Digital Assets

By Editors | 23/05/2024

The SEC is seeking comments on areas where the regulatory framework can be improved to enhance governance, efficiency, supervision, and enforement.

Securities / Derivatives

DTCC Completes Blockchain Pilot for Mutual Fund Data

By Editors | 22/05/2024

The pilot explored the feasibility of delivering NAV data for mutual funds across different blockchain networks.

Crypto / Digital Assets

NYAG Secures $2bn Settlement from Crypto Lender Genesis

By Editors | 21/05/2024

New York Attorney General Letitia James said the settlement was the largest against a crypto firm in the state’s history.

Crypto / Digital Assets

Ghana Completes Cross-border eCedi Transaction With Singapore

By Nithya Subramanian | 21/05/2024

Transactions were made on a decentralised network using a Singapore dollar stablecoin and Ghana’s new digital currency, the eCedi.

Crypto / Digital Assets

HKMA, PBOC Expand Scope of e-CNY Pilot in Hong Kong

By Editors | 20/05/2024

Users can top up their wallets using Hong Kong FPS. This is the world’s first linkage between a faster payment system and a CBDC system.

Enforcement

US DOJ Arrests Two Chinese Nationals Involved In $73m Crypto Scam

By Mark Johnston | 18/05/2024

Both individuals face accusations of conspiracy to commit money laundering and six counts of international money laundering.

Crypto / Digital Assets

CME Group Plans to Launch Spot Bitcoin Trading – Report

By Nithya Subramanian | 17/05/2024

Traders and fund managers say they want to buy and sell bitcoin on a regulated marketplace.

AML / KYC

Chinese Authorities Arrest Six in Crypto Money Laundering Scheme

By Nithya Subramanian | 16/05/2024

The suspects were involved in laundering CNY 2.14 billion through crypto transactions to South Korea.