A&D Forensics brief brings you adoption and regulation highlights. Also, investigation and crime cases happening in the blockchain and cryptocurrency ecosystem will be summarised here, all in one link.
According to research published by the International Monetary Fund (IMF) on March 25 entitled “Crypto, Corruption, and Capital Controls: Cross-Country Correlations,” people in nations with greater levels of corruption are more likely to use cryptocurrencies than in other countries.
A Manhattan judge has sentenced Virgil Griffith to 63 months in jail for a 2019 presentation he gave at the Pyongyang Blockchain and Cryptocurrency Conference.
U.S. and state regulators have been taking aim at crypto rewards platforms such as BlockFi and Celsius for the last year. In a direct blow, the latter has agreed to stop paying rewards to non-accredited U.S. investors on any new deposits starting April 15.
Portuguese based bank Bison Bank has received permission from Portugal’s Central Bank (Banco de Portugal) to operate as a “virtual asset service provider ”(VASP), making the first bank in the country to be given the green light by the regulator.
The U.S. Securities and Exchange Commission (SEC) has proposed new cybersecurity risk management rules for corporations that would require them to be more transparent with customer disclosures.
Security regulators in two U.S. states have issued cease-and-desist orders against an online casino offering non-fungible tokens.
Federal Judge Sarah Netburn ordered the SEC to hand over the requested drafts and emails relating to a 2018 speech from William Hinman, the former director of the Commission’s Division of Corporate Finance.
The country is favoring a single Bitcoin and cryptocurrency legislation in an effort to enact it by the first half of 2022.
Registrations are ongoing for the Certified Cryptocurrency Compliance Specialist Course (3CS) at A&D Forensics.
The 3CS credentials equip students to adopt effective policies and prevent financial crimes using cryptocurrencies by leveraging on cryptocurrency compliance tools.