Crypto / Digital Assets

Crypto / Digital Assets

HK Court Declares Crypto is Property That Can be Held on Trust

By Editors | 19/04/2023

The ruling was related to the March 2019 winding up of Gatecoin, which suffered a hack in 2016 and lost around $2mn in digital assets.

Crypto / Digital Assets

Australia Considers Outright Ban on Ransom Payments

By Mark Johnston | 19/04/2023

The ACSC recommends that victims of ransomware attacks never pay a ransom. The government is considering a law prohibiting attack victims from paying ransoms.

Crypto / Digital Assets

SEC Chair Gensler Defends Regulatory, Anti-Crypto Agenda

By Manesh Samtani | 19/04/2023

Regulation by enforcement is not sufficient nor sustainable, House Financial Services Committee chair Patrick McHenry told SEC chair Gary Gensler.

Crypto / Digital Assets

Fed Official Outlines Policy Issues for CBDC Introduction

By Mark Johnston | 18/04/2023

Fed governor Michelle Bowman said a CBDC may not necessarily improve payment system efficiency or increase financial inclusion.

Crypto / Digital Assets

NYDFS Issues Final Rule on Bitlicense Assessment Fees

By Editors | 18/04/2023

Crypto firms with a Bitlicense will be billed five times each fiscal year, in part based on their size and complexity.

Enforcement

Russian National Receives Light Sentence for Laundering Ransomware Proceeds

By Mark Johnston | 18/04/2023

Denis Dubnikov laundered money for the Ryuk ransomware gang, but pleaded guilty and cooperated with investigators.

Crypto / Digital Assets

GDF Consults on Wolfsberg-style DDQ for VASPs

By Editors | 18/04/2023

The questionnaire is intended for use by VASPs and other financial institutions including banks for onboarding VASPs.

Crypto / Digital Assets

US SEC Charges Crypto Firm Bittrex for Not Registering

By Editors | 18/04/2023

The SEC identified six Bittrex-listed crypto tokens as securities and said the company should have registered as a broker, exchange, and clearing agency.

Crypto / Digital Assets

US SEC Reopens Consultation to Redefine ‘Exchange’

By Editors | 18/04/2023

The proposed rule would update the definition of “exchange” to include crypto trading systems, including DeFi systems. Two SEC Commissioners dissented.