Crypto / Digital Assets

Crypto / Digital Assets

Couple Responsible for 2016 Bitfinex Hack Reach Plea Deal

By Manesh Samtani | 24/07/2023

The 119,754 bitcoin stolen was worth $71mn at the time of the hack. When the couple was arrested in Feb 2022, it was worth over $4.5mn.

Crypto / Digital Assets

Russian President Signs CBDC Bill Into Law

By Manesh Samtani | 24/07/2023

The central bank will begin piloting a digital ruble in August, with 13 banks and about 30 enterprises from 11 cities participating.

Crypto / Digital Assets

South Korean Banks Eye CD Tokens as Stablecoin Alternative

By Mark Johnston | 24/07/2023

CD tokens are based on the existing banking system and do not require a change in the role of central banks, unlike stablecoins.

AML / KYC

Worldcoin Crypto Project Officially Launches

By Editors | 24/07/2023

The project uses a small device called an “orb” to scan people’s eyeballs in order to generate a unique digital identity.

Crypto / Digital Assets

Indonesia Launches National Cryptocurrency Exchange

By Manesh Samtani | 24/07/2023

The new exchange will serve as the only trading venue in the country where digital assets can be exchanged legally.

AML / KYC

US DOJ Elevates Crypto Enforcement Team Within Criminal Division

By Manesh Samtani | 24/07/2023

NCET will merge into the Computer Crime and Intellectual Property Section, more than doubling the number of prosecutors available to work on crypto-related crime.

AML / KYC

China Dismantles Online Gambling Ring, Seizes $160m in Crypto

By Editors | 22/07/2023

Police said the scheme involved a “maze-like criminal network” that used virtual assets to launder money overseas.

Crypto / Digital Assets

UK Rejects Proposal to Regulate Crypto as Gambling

By Mark Johnston | 21/07/2023

The UK government and Treasury have rejected a parliamentary committee’s suggestion to regulate crypto trading and investment as gambling.

Crypto / Digital Assets

BOJ Holds First Meeting of Expert Panel on CBDCs

By Editors | 21/07/2023

The first meeting of the CBDC Forum was held on Thursday, including participation from about 60 private business operators.