Crypto / Digital Assets

Enforcement

US Hacker Pleads Guilty Over 2016 Bitfinex Cyber Theft

By Editors | 04/08/2023

Ilya Lichtenstein admitted to being the original hacker in the 2016 cyberattack on Bitfinex and pleaded guilty to conspiracy to commit money laundering.

Crypto / Digital Assets

HashKey, OSL Win Approvals Needed to Serve HK Retail Crypto Investors

By Manesh Samtani | 04/08/2023

As existing licence holders, both firms had to undergo only a simplified process to obtain the required approvals.

Crypto / Digital Assets

US SEC Files Charges Over $1bn in Unregistered Crypto Securities Offerings

By Editors | 01/08/2023

Richard Heart misappropriated at least $12mn of offering proceeds to purchase luxury goods, including the largest black diamond in the world.

AML / KYC

India Supreme Court Criticises Government for Not Addressing Crypto Crime

By Editors | 01/08/2023

India’s Supreme Court asked the government whether it can establish a “national specialised agency” to investigate crypto-related crimes.

AML / KYC

US Senate Approves Defence Bill with Provisions Targeting Crypto Mixers

By Editors | 31/07/2023

The US Senate’s approval of the 2024 NDAA includes stringent provisions aimed at cryptocurrency mixers, marking a regulatory milestone.

Crypto / Digital Assets

Bendigo Bank Blocks “High-risk” Payments to Crypto Exchanges

By Editors | 31/07/2023

New rules for instant payments to crypto exchanges are designed to primarily target investment scams, Bendigo Bank said.

Crypto / Digital Assets

Japan Blockchain Association Proposes Reforms to Crypto Tax Regime

By Editors | 31/07/2023

The JBA is seeking the abolishment of the year-end tax on unrealised gains from tokens issued by third parties, among other reforms.

Crypto / Digital Assets

Digital Yuan Being Used for Clearing Commodity Spot Trades

By Editors | 30/07/2023

Industrial Bank is the first bank to incorporate digital RMB into commodity spot trading, paving the way for future advancements in this area.

Crypto / Digital Assets

Accounting Firms Face Potential Liabilities in Crypto Audits: SEC Official

By Manesh Samtani | 30/07/2023

SEC Chief Accountant warns accounting firms of potential legal liabilities when auditing crypto firms, stressing the importance of auditor independence.