Challenger Capital’s Post

💡Master Crypto Transaction Categories💡 Curious about how to keep track of your deposits, withdrawals, and trades? Head over to our latest blog to learn more.💻 #cryptotrading #blog #CRPTM #transaction #crypto101 https://lnkd.in/g2TsTwpP

🧐 Today's changes to the DFSA’s rules on crypto token regulation impact not only crypto assets and their service providers, but also funds investing in crypto assets. The changes cover: 📌 The approach for recognising crypto tokens 📌 The approach for external and foreign funds investing in crypto tokens 📌 Requirements for custody of crypto tokens 📌 Requirements for staking and lending 📌 Additional AML/CFT guidance, including in relation to the travel rule If you subscribe to Rulefinder Marketing Restrictions Asset Management or Rulefinder Crypto Assets, you already know about this! You got our alerts summarising the key changes and impact on the funds and crypto space. 😎 #CryptoTokens #CryptoRegulation #DigitalAssets #VirtualAssets

A very interesting article below on the evolution of crypto over the last 15 years, its performance as an asset, and its integration into traditional finance. https://lnkd.in/eimmePhZ..

The recent legal troubles faced by Binance, where the company agreed to pay $4.3 billion in fines for violating U.S. #AML laws, underscore the critical importance of robust #compliance measures in the crypto industry. As regulatory scrutiny intensifies, firms must ensure their operations are in strict compliance with financial regulations to avoid hefty penalties and reputational damage. Barley Harbour Limited specializes in providing comprehensive compliance and anti-financial crime support tailored to the needs of cryptocurrency and financial service companies internationally. If you want to protect your business against compliance and financial crime risks and enhance your compliance framework, contact us today! #crypto #compliance #risk #regulators #SEC #financialcrime https://lnkd.in/e6DZXs9C

It has been a long time since I have posted about crypto. In spite of the efforts of governments to clean up this mess, the power of greed is far stronger than governments. Yet, crypto is just as corrupt and dangerous as when I first began posting. During this election cycle, crypto investors have been pouring funding into campaigns. At the same time, criminals, terrorists, and rogue governments are learning to use crypto to evade any legal restrictions as the politicians are being paid to look the other way through campaign support. This WSJ dollar shows how one crypto organization, Tether, has become the enabler of a myriad of bad things in this world. https://lnkd.in/eTJM5vuM

Custody is a critical issue in the digital assets sector as it continues its quest towards institutionalisation. This report 'Strong Foundations: Institutionalising crypto, from custody to compliance' brings together buyside perspectives on the current state of play. Access the report for free here:  https://lnkd.in/eKaSUWb5 #strongfoundations #crypto #hedgeweekinsights

Miguel Kudry from L1 Advisors explains the nuances of crypto custody for advisors in today’s Crypto for Advisors newsletter. Todd Bendell from Amphibian Capital answers common questions in the Ask an Expert section. #crypto #custody #wealthmanagement

How significant is the impact of cryptoasset seizures on tackling financial crime? In late March, the UK's Crown Prosecution Service secured a landmark conviction against an ex-takeaway worker for laundering multi-billion-pound investment fraud proceeds, leading to the UK's largest Bitcoin seizure to date, worth an estimated £2 billion. Despite this success, challenges persist in seizing cryptoassets, requiring extensive training, resources, and regulation. The process took six years and highlighted the need for more efficient methods to combat the £6 billion in illicit funds flowing through the crypto ecosystem annually. Read the article at the link here and share your thoughts below. https://bit.ly/3VCjGMi #ICCFraudNet #FraudNet #Fraud #CryptoFraud #AssetRecovery #FinancialCrime #Bitcoin #CryptoSeizures

Binance kept the client and fired its investigator.- Binance Pledged to Thwart Suspicious Trading—Until It Involved a Lamborghini-Loving High Roller When the U.S. accused Binance last year of maximizing profits over protecting users, the company promised “unceasing efforts to deliver a safe and trusted platform.” This was put to the test soon after when an internal investigation found a top client—a firm run by a Lamborghini-loving crypto trader—was manipulating markets. The result: Binance kept the client and fired its investigator. #crypto #blockchain #cryptoassets https://lnkd.in/eaDsvVAQ

The report is titled "Status of Implementation of Recommendation 15 by FATF Members and Jurisdictions with Materially Important VASP Activity." The recommendation had suggested that jurisdictions should move to get a better handle on money-laundering and terrorist-financing risks posed by crypto, and they should license or register virtual asset service providers (VASPs) and conduct reviews of their business practices, products and technology. https://lnkd.in/dUeppXkz