The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities.
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Asia Express: Ringleaders of $308M P2P crypto laundering scheme jailed in China, Visa’s Hong Kong CBDC trial a success, Hashkey token.
Documentation from NIST states the consortium will adopt a “broad human-centered focus” with “specific policies.”
The new tokens join the ranks of BTC, ETH and LTC for use by the 4,000-plus companies located in the zone, which is considering new legal measures as well.
The regulator has made a few efforts to help crypto firms comply with the rules that came into force on Oct. 8.
The license allows WadzPay to begin preparing to provide virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities.
Polygon co-founder Sandeep Nailwal won’t be happy until the project is successful enough to stand alongside Bitcoin and Ethereum.
ProShares’s new Short Ether Strategy ETF is set to start trading on the NYSE Arca under the ticker symbol SETH.
Crypto remittances are a lifeline for many people who need to send money to their loved ones, as they provide faster, cheaper and more transparent transactions than traditional methods.
Sanjay Raghavan believes that the tokenization of real estate could bring Web3 adoption and provide a diversification alternative for crypto natives.
SafeMoon was exploited in March earlier this year after a smart contract update led to a burn call vulnerability allowing hackers to transfer funds.
Hong Kong's securities regulator, the SFC, treats tokenized securities like traditional securities, subject to the same legal and regulatory norms.
PayPal was the first large fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August.
The Swiss wCBDC pilot project will be hosted on SDX and use the infrastructure of Swiss Interbank Clearing.
Stuart Alderoty expressed concern about the SEC’s repeated arbitrary and capricious actions in court cases, suggesting a troubling pattern under Gensler’s leadership.
The role demands candidates to have the ability to provide strategic and tactical advice to crypto investigations, among other investigative qualities.
The ADGM’s new regulatory framework is the first of its kind in the world, it says. The free financial zone is already a hub of crypto activity.
Christopher Hui took the stage at Fintech Week and outlined a list of regulatory moves Hong Kong authorities are looking to implement following the JPEX scandal.
According to charges, the men misappropriated $200 million in investor funds to spend on a luxurious lifestyle.