Digital Assets

Fraud, Scams & Cybercrime

Taiwan Prosecutors Charge 32 Suspects Over Crypto Fraud

By Editors | 29/04/2024

The suspects encouraged investors to purchase various tokens and manipulated their prices, causing TWD 800 million in losses.

Cryptocurrency

Crypto Software Firm Consensys Files Suit Against US SEC

By Nithya Subramanian | 29/04/2024

Consensys has asked a federal court to declare that Ethereum is not a security, and therefore outside the SEC’s jurisdiction.

Anti-Money Laundering

UK Law Enforcement Gets Stronger Powers to Seize Crypto

By Editors | 29/04/2024

UK law enforcement agencies will be able to seize crypto assets from a suspect without having to make an arrest first.

CBDCs

BOJ Publishes Progress Report on CBDC Pilot Experiment

By Editors | 29/04/2024

The experimental CBDC system will preserve user privacy by requiring intermediaries to separate customer data management from payment functions.

Cryptocurrency

ATO Asks Crypto Firms to Hand Over User Data

By Sanday Chongo Kabange | 27/04/2024

The ATO says the data collection effort is to ensure that crypto traders are fulfilling their tax lodgment, reporting and payment obligations.

Anti-Money Laundering

US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”

By Editors | 27/04/2024

Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.

Fraud, Scams & Cybercrime

US SEC Asks Court to Force Terraform Labs and Founder to Pay $5.3b

By Mark Johnston | 25/04/2024

The SEC argues that Terraform Labs and Do Kwon have not shown remorse for their conduct and are likely to commit additional violations.

Cryptocurrency

Hong Kong Spot Crypto ETFs to Start Trading Next Week

By Sanday Chongo Kabange | 25/04/2024

Spot Bitcoin and Ether ETFs issued by ChinaAMC, Harvest Global Investments and Bosera Asset Management will start trading by 30 April.

PEPs & Sanctions

Venezuela’s PDVSA to Hasten Move to USDT to Mitigate Sanctions

By Editors | 24/04/2024

USDT issuer Tether said in response that it respects the SDN list and will block payments made to sanctioned entities.