Crypto / Digital Assets

Crypto / Digital Assets

US Lawmakers Propose Crypto Bill to Clarify SEC, CFTC Oversight Roles

By Mark Johnston | 06/06/2023

The bill would create a new category of regulated entities under the CFTC called digital commodity exchanges.

Crypto / Digital Assets

Crypto.com Receives Licence to Offer Crypto Services in Singapore

By Sanday Chongo Kabange | 06/06/2023

CEO Kris Marszalek said Crypto.com is proud to receive a licence from a regulator that “prioritises consumer protection, safety and security”.

Crypto / Digital Assets

US SEC Charges Binance for “Elaborate Scheme” to Evade Law

By Manesh Samtani | 06/06/2023

CEO Changpeng Zhao said the lawsuit was the latest example of “regulation by enforcement” and that the SEC seeks a “near eradication” of the crypto industry.

Securities / Derivatives

CFTC Proposes Rule Update to Account for Crypto and Cyber Risks

By Editors | 05/06/2023

The CFTC is considering requiring firms to update their risk management frameworks to account for related to crypto, AI, cyber, and climate.

AML / KYC

SFC Issues Guidance on Crypto Licensing Transitional Arrangements

By Manesh Samtani | 05/06/2023

Crypto firms with “meaningful and substantial presence” in Hong Kong prior to 1 June 2023 can continue to provide services.

AML / KYC

EU Officials Formally Sign MiCA Into Law

By Sanday Chongo Kabange | 02/06/2023

The MiCA legislation was signed into law on Wednesday by European Parliament president Roberta Metsola and Swedish minister Peter Kullgren.

Crypto / Digital Assets

EU Proposes Lower Risk Weights for Stablecoins, Tokenised Assets

By Mark Johnston | 02/06/2023

Stablecoins backed by non-fiat assets such as gold would have a 250% risk weight. Those backed by fiat currency would be treated the same as the underlying.

Crypto / Digital Assets

Eurex Receives Approval to Offer Bitcoin Futures to US Investors

By Ranamita Chakraborty | 02/06/2023

US investors can now benefit from access to a wider range of participants and liquidity pools during Asian, European and US hours, Eurex says.

AML / KYC

NZ’s Ministry of Justice Releases Amended AML Regulations

By Editors | 01/06/2023

From 1 June 2024, new obligations will be imposed on reporting entities related to virtual asset transfers, deposits, withdrawals, and exchange.