J5 Challenges Crypto Experts, Investigators to Tackle Tax Fraud
A global anti-tax fraud organization, the Joint Chiefs of Global Tax Enforcement (J5), hosted ‘The Cyber Challenge’ event, which aimed to apprehend tax fraud perpetrators and organizations by assembling investigators, cryptocurrency experts, and data scientists. The criminal intelligence communities of the United States, Australia, Canada, the Netherlands, and Trans-Canada comprise the J5 and work together […]
UK FCA Releases Guidance for Crypto Asset Promotion Rules
Rules governing the promotion of crypto assets went into effect in the UK on October 8, however, it is being faced with low compliance in response, the Financial Conduct Authority (FCA) issued further directives to assist cryptocurrency companies in conforming to regulations. On November 2, the FCA issued “finalized non-handbook guidance” regarding conformance with the […]
Northern Data Secures $610M Debt Financing from Tether
Tether increases its wager on Bitcoin mining by providing debt financing worth $610 million to the German Bitcoin mining company Northern Data AG. According to an announcement dated November 2, Northern Data AG has secured a 575-million-euro ($610-million) debt financing facility from Tether to drive further investments across its enterprises. The debt capital will enable […]
Swiss National Bank Pilots wholesale CBDC
Swiss National Bank, in partnership with SIX swiss exchange is piloting the wholesale central bank digital currencies (wCBDC) the project will be hosted on SDX and use the Swiss Interbank Clearing infrastructure. The Swiss National Bank (SNB), six commercial institutions, and the SIX Swiss Exchange will work together to pilot the issuance of wholesale central […]
Hong Kong SFC Issues 2 Circulars for Digital Asset Tokenization
Hong Kong’s securities regulatory authority has issued two circulars to regulate the tokenization of digital assets, aiming to treat tokenized securities like traditional securities, subject to the same legal and regulatory norms. In these circulars, the Securities and Futures Commission (SFC) provided instructions to intermediaries participating in tokenized securities activities and defined the criteria for […]