FTX-related stablecoins on the move: $145M transferred to crypto exchanges
Amid multiple ongoing investigations, FTX continues to move funds. Addresses related to the failed crypto exchange reportedly transferred…
India subjects crypto transactions to Anti-Money Laundering law
The operators must store the transactions’ data for ten years and pass it to regulators on demand. While…
South Korea saw over $4B unregistered crypto transactions in 2022
The money was primarily aimed at buying foreign crypto assets to sell on the domestic market. In 2022,…
Anti-CBDC bill in the US, no algo stablecoins for Canada: Law Decoded, Feb. 20–27
United States Representative Tom Emmer introduced legislation in the U.S. House of Representatives that could prevent the Federal…
Crypto industry lobbying expenses up 120% in 2022 in the US
The crypto industry has been raising its lobbying efforts amid the crypto winter that began last year. In…
The Bank of Japan to launch its CBDC pilot before May
The Bank launched a pilot program for “digital yen” in April after finishing its proof-of-concept testing, which began…
Regulation comes for crypto staking: Law Decoded, Feb. 6–13
Even the SEC Commissioner has publicly rebuked her agency over the shutdown of Kraken’s crypto staking program. Last…
HSBC needs someone to helm its tokenization efforts
HSBC, the British multinational bank that manages the largest amount of assets in Europe, doubled down on its…
Hong Kong will not tolerate algorithmic stablecoins in new regulation
The new regulatory regime for stablecoins in Hong Kong should arrive no later than 2024. In the key…
Australia introduces classification for crypto assets
The national regulators identified four major products in the crypto sector. Following the global regulatory race, Australia opened…