Cryptocurrencies

Cryptocurrencies

US DoJ charges fraudsters for $1m NFT fraud scheme

Two fraudsters have been charged with conspiracy to commit wire fraud and conspiracy to commit money laundering through a non-fungible token (NFT) fraud scheme.

Hackers plunder $600m in cryptocurrency from online game

A major digital cash heist has led to cryptocurrency valued at over $600m being stolen from a digital ledger used by players of the Axie Infinity online game.

OECD publishes consultation on tax transparency framework for crypto assets

The OECD has released a consultation document concerning a new global tax transparency framework to provide the reporting and exchange of information of crypto assets.

Crypto firms to be required to register with FCA under new law

A range of cryptocurrency businesses could be forced to leave the UK market if they fail to register with the Financial Conduct Authority by Thursday this week.

ANZ unveils first ever Australian bank-issued stablecoin

The Australia and New Zealand Banking Group will launch the first bank-issued stablecoin payment from Australia through a public permissionless blockchain transaction.

Thailand bans cryptocurrency use for payments

Thailand’s Security and Exchange Commission (SEC) has revealed it will introduce a ban on crypto as a method of payment from April 1 this year.

Australia to introduce market licences for crypto exchanges

The Australian government will create a market licence regime for crypto exchanges to ensure safety and security for people who want to invest in crypto assets.

Bank of England urges crypto firms to ensure sanctions enforcement

The Bank of England has called on crypto companies to make sure sanctions are enforced in light on the continuing conflict between Russia and Ukraine.

Bank of Canada and MIT collaborate on CBDC project

The Bank of Canada and the Massachusetts Institute of Technology (MIT) will collaborate on a 12-month project exploring central bank digital currencies (CBDCs).

EU regulatory trio offers warning on crypto assets risk

The European Supervisory Authorities have sent out a warning to consumers that many crypto assets are ‘highly risky and speculative’.

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