Crypto / Digital Assets

Big Picture

Banque de France Says Second Version of MiCA is Needed

By Editors | 17/06/2023

Francois Villeroy de Galhau highlighted that MiCA currently does not cover crypto conglomerates, crypto lending, DeFi and NFTs.

Crypto / Digital Assets

Crypto Lender Abra Faces Regulatory Action in Texas

By Mark Johnston | 17/06/2023

The Texas State Securities Board alleges that Abra has been making false statements and transferring assets to risky platforms.

AML / KYC

US Judge Splits Bankman-Fried Charges into Two Separate Trials

By Manesh Samtani | 16/06/2023

Extradition from the Bahamas was agreed to based on only eight charges, not the full 13 charges Sam Bankman-Fried now faces.

Crypto / Digital Assets

ESMA Sets Out Plans for Crypto Rule Consultations

By Editors | 15/06/2023

With MiCA now in force, ESMA said it would consult on a range of technical standards that will be published in three packages.

Crypto / Digital Assets

Korea Securities Depository to Establish Security Token Platform

By Sanday Chongo Kabange | 15/06/2023

The KSD will set up a securities token platform and play the role of screening registrations of such digital assets.

Enforcement

Bittrex Gets Court Approval to Allow Customer Withdrawals

By Mark Johnston | 14/06/2023

The DOJ had argued that allowing customer withdrawals would subordinate a government claim, but the court ruled in favour of Bittrex.

Crypto / Digital Assets

US SEC Responds to Court Order on Crypto Rulemaking

By Manesh Samtani | 14/06/2023

The SEC said it has not yet decided what action to take regarding Coinbase’s rulemaking petition, but that it will provide an update by 11 October 2023.

Crypto / Digital Assets

UBS, BOCI Issue First Digital Structured Notes for APAC Clients

By Mark Johnston | 14/06/2023

In collaboration with UBS, BOCI has become the first Chinese financial institution to issue a tokenised security in Hong Kong.

Crypto / Digital Assets

US Federal Judge Declines to Freeze Binance.US Assets

By Editors | 14/06/2023

The federal judge overseeing the case ordered the SEC and Binance.US to negotiate other restrictions instead.