Crypto / Digital Assets

Crypto / Digital Assets

ESMA Issues Guidance to Align EU Approach to MiCA Authorisation

By Thisanka Siripala | 10/02/2025

National competent authorities should ensure outsourcing is not used to create “letter-box entities” or evade supervision.

Crypto / Digital Assets

GDF-FIX Alliance Creates Bridge to Tokenised Assets

By Thisanka Siripala | 10/02/2025

GDF and FIX members have demonstrated the ability to connect to blockchain-based assets using FIX-based TradFi platforms.

Crypto / Digital Assets

PNG Completes CBDC Trial with Japan’s METI and Soramitsu

By Editors | 10/02/2025

The PoC involved building a secure payment infrastructure that enabled real-time payments and P2P remittances through a mobile app.

AML / KYC

ByBit Pays $1m Penalty to Re-enter Indian Crypto Market

By Nithya Subramanian | 10/02/2025

Bybit has paid a penalty and registered with FIU-IND, after having suspended services in India last month.

AML / KYC

US Convicts Chinese Nationals for Fentanyl Precursor Shipment

By Editors | 08/02/2025

The shipment was arranged by undercover law enforcement agents who pretended to be buyers of the precursor chemicals.

Crypto / Digital Assets

Japan Orders Apple, Google to Block Unregistered Crypto Apps

By Thisanka Siripala | 08/02/2025

The FSA is targeting Bybit, MEXC Global, LBank Exchange, KuCoin, and Bitget, which have been operating without proper registration under Japan’s Payment Services Act.

AML / KYC

FATF Annual Report Highlights Crypto Loopholes as Key Threat

By Thisanka Siripala | 07/02/2025

Six years after the FATF strengthened its virtual asset standards, 97 out of 130 jurisdictions are still not fully compliant.

Crypto / Digital Assets

FDIC “Actively Reevaluating” Supervisory Approach to Crypto

By Manesh Samtani | 07/02/2025

FDIC released correspondence with banks regarding crypto-related activities. Congress meanwhile held its first hearings about US debanking of crypto clients.

Crypto / Digital Assets

US SEC Sets Out Priorities of New Crypto Task Force

By Thisanka Siripala | 06/02/2025

The priorities include clarifying how crypto assets are classified, providing clearer pathways for registration, and updating regulations for custodians