Elliptic Connect: 26 July 2023

FSB Finalizes Global Digital Asset Regulatory Framework

The Financial Stability Board (FSB) has published its regulatory framework for cryptoasset activities to promote the global harmonization of regulatory and supervisory approaches. It incorporates lessons from events over the past year that highlighted structural vulnerabilities of cryptoassets and related players as well as feedback received during the FSB’s public consultation.?

The framework consists of two groups of recommendations for the regulation, supervision and oversight of cryptoasset activities and markets, and “global stablecoin” arrangements respectively. It draws on the implementation experiences of jurisdictions and builds on the principles of “same activity, same risk, same regulation”, and being high-level, flexible and technology neutral.

Read more in this week's crypto regulatory affairs update

Largest Stolen Credit Card Market Shunned By Cybercriminals after Alleged “Exit Scam”

?Yale Lodge – the largest dark web vendor of stolen credit cards – has suffered a mass exodus of both customers and stolen data suppliers after apparently stealing their funds.?

In this article, we examine the series of rather unique events that led to this threat actor’s peculiar downfall. Read more .

New Elliptic Report: Crypto and the Global Fentanyl Trade

The fentanyl trade has had a devastating impact in the United States, with the opioid?now the leading cause of death among Americans between the ages of 18 to 49, according to the US Department of Justice.

Elliptic's researchers set out to investigate global fentanyl precursor chemical supply chains, with a focus on the trade involving cryptoassets between Chinese suppliers and buyers across the globe. Download your copy of the report .

The Power of Inclusive Teams: Dr Lisa Cameron MP

Don't miss your chance to attend our upcoming webinar, hosted by Elliptic's CEO Simone Maini. In this episode, Simone will be joined by Dr Lisa Cameron, Chair of the All-Party Parliamentary Group on Cryptocurrency and Digital Assets. Register now!

From the team

ICYMI

Elliptic Partners With Current Consulting Group For Crypto Risk Management at Scale in Hong Kong: Read more ?

Elliptic Partners With FOMO Pay For Digital Asset Compliance at Scale: Read more