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Today in Crypto: A US FTX Team Found Backdoor to Alameda Months Before Collapse, Hong Kong Financial Watchdog and Police Form Task Force to Investigate Suspicious Crypto Activity
5.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: A US FTX Team Found Backdoor to Alameda Months Before Collapse, Hong Kong Financial Watchdog and Police...
Hong Kong police, regulator form crypto task force as JPEX saga unfolds
5.10.2023
The joint group was established in light of the ongoing crypto scandal in Hong Kong involving the JPEX crypto exchange
Indonesia Expands De-Dollarization Efforts With National Task Force Formation
9.9.2023
Indonesia’s central bank has established a national task force to expand the use of local currency with partner countries. Malaysia, Thailand, Japan, and China are already trading with Indonesia using local currencies. In addition, Singapore and South Korea have signed cooperation agreements...
UK's Travel Rule comes into effect, could halt certain crypto transfers
1.9.2023
The crypto Travel Rule, which came into effect on Sept. 1, aims to stop anti-money laundering and counter-terrorist financing activities carried out on-chain
South African Crypto Premium Surge After Kraken Abruptly Starts Blocking Deposits by Local Residents
31.8.2023
The premium on crypto assets listed on South African exchanges briefly surged to 3.5% after Kraken’s abruptly started blocking deposits from users based in the African country. Some South African crypto experts have linked Kraken’s decision to the Financial Action Task Force’s...
UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September
19.8.2023
According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all reasonable...
Ripple and BIS Partner for Cross-Border Payments Interoperability Task Force
11.8.2023
Ripple has partnered with the Bank for International Settlements (BIS) to join its cross-border payments interoperability and extension (PIE) task force.
In a Wednesday tweet, the BIS shared a summary of its recent PIE task force meeting, which claimed that the members of the task force will work...
Pentagon forms ‘Task Force Lima’ to map generative AI for US defense
11.8.2023
Task Force Lima will look into how artificial intelligence can be used across the U.S. defense, including warfighting capabilities
Ripple joins BIS cross-border payments task force
10.8.2023
The task force is a part of the Bank of International Settlements' Committee on Payments and Market Infrastructure
Disney creates an AI task force to explore the tech and cut costs: Report
8.8.2023
Disney has reportedly created a task force for studying how it can incorporate AI into its operations, sources close to the matter told Reuters
Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban
20.7.2023
In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized the importance for businesses to inform customers...
Hong Kong Task Force appoints Yat Siu on the table
3.7.2023
Animoca Brands is now seeing its Co-Founder and Executive Chairman climb up the ladders in Hong Kong. The country is on the edge of becoming a global hub for Web3 and metaverse segments. Assuming things move seamlessly, it could also host digital tokens for the world. While that is a far-fetched...
Hong Kong Sets Up Task Force for Web3 Development
3.7.2023
Hong Kong wants to be a Web3 hub, Financial Secretary Paul Chan said
Hong Kong Government Sets Up Web3 Development Task Force – Next Crypto Hub?
2.7.2023
Hong Kong has taken another major step towards becoming a leading hub for cryptocurrency and blockchain technology.
The Hong Kong Government has announced the establishment of a task force, known as the Web3 Development Task Force, dedicated to promoting the growth of Web3, with a particular...
Hong Kong establishes task force to advance Web3 development
2.7.2023
The task force will advise on the “sustainable and responsible” development of Web3 in Hong Kong, according to the statement
Crypto travel rule implementation ‘remains relatively poor,’ says FATF
26.6.2023
The United Nations body called on all member states to implement the Travel Rule “without delay” to close “loopholes” not currently protected by regulation
Paris FATF Plenary: Global Implementation of Virtual Asset Standards Remains ‘Relatively Poor’
25.6.2023
The third plenary of the Financial Action Task Force (FATF), held in Paris, found a lack of global adoption of the virtual asset recommendations established by the institution. According to evaluations, almost three-quarters of the jurisdictions are partially compliant or non-compliant with these...
Five US enforcement agencies form new digital currency anti-crime task force
20.6.2023
The agencies have worked together for years, but now their joint efforts are official as they plan to ramp up activity
Alabama Securities Regulator Issues Show Cause Order to Coinbase, Joined by 9 Other States, Over Unregistered Securities
6.6.2023
After Coinbase was sued by the U.S. Securities and Exchange Commission (SEC), the Alabama Securities Commission (ASC) filed a show cause order against Coinbase and directed the company to show cause on why the firm should not cease and desist from selling unregistered securities in the state....
AI could threaten humanity in 2 years, warns UK AI task force advisor
6.6.2023
The UK prime minister’s AI task force advisor said large AI models will need regulation and control in the next two years to curb major existential risks