DOJ Indicts Two in Alleged $389 Million Crypto Laundering Scheme Federal prosecutors have unsealed charges against two individuals implicated in the alleged AudiA6 cryptocurrency laundering service, a network reportedly involved in processing over $389 million in transactions since 2021. The…
Hungary Reverses Restrictive Crypto Regulations, Decriminalizing Trading Hungary is set to overturn stringent cryptocurrency regulations that were enacted under a previous administration, a move that will decriminalize crypto trading and eliminate penalties previously including jail time. The policy reversal, reported…
Japan’s lower house has advanced a significant piece of legislation that proposes to classify cryptocurrencies as financial instruments. This development signals a move towards a more robust regulatory framework for digital assets within the country. Key Takeaways Japan’s lower house…
Bithumb CEO Identified in South Korean Bribery Investigation The Chief Executive Officer of Bithumb, Lee Jae-won, has been formally named as a suspect by South Korean law enforcement in an ongoing bribery investigation. The case involves allegations of quid pro…
A significant portion of cryptocurrency transactions originating from the United Kingdom is reportedly facing obstacles due to banking restrictions, prompting a concerted pushback from industry advocates. The advocacy group Stand With Crypto UK has initiated a campaign calling on financial…
The Commodity Futures Trading Commission (CFTC) has put forth a comprehensive set of proposed regulations designed to govern the rapidly expanding prediction market sector. These rules aim to establish a clear framework for permissible betting events under federal law, while…
New York’s Department of Financial Services (NYDFS) has put forth a formal regulatory proposal to harmonize its established stablecoin framework with the federal GENIUS Act, legislation enacted last year. This move aims to strengthen oversight and provide a clearer legal…
The European Union has put forth new proposals to broaden sanctions against Russia, specifically targeting cryptocurrency platforms that facilitate sanctions evasion. This move, announced as part of the European Commission’s 21st package of restrictive measures against Russia, aims to close…
Last week I watched ZEC drop 30%+ in a day. Not because of a hack — because an AI found a bug that had been sleeping in Zcash’s code for four years, and suddenly nobody could prove the supply was…
Kalshi, a prominent prediction markets platform, has implemented a series of new measures aimed at bolstering market integrity and preventing insider trading. These changes include mandatory disclosure of employers for traders engaging in sensitive markets, alongside the introduction of a…