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Singapore Authorities to Set Best Practices for Crypto Client Vetting in Banks
6.4.2023
Singapore officials are collaborating with local banks to develop uniform standards for evaluating customers in the digital asset sector in the aftermath of significant global disruptions in the industry.
The Monetary Authority of Singapore and the police have been working with lenders in...
Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder
5.4.2023
Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South...
South Korean authorities seize $160M in assets tied to Terra employees: Report
3.4.2023
Prosecutors reportedly took control of houses and properties in an attempt to prevent former Terra employees from disposing of assets potentially connected to criminal proceedings
Mike Novogratz Laments US Government’s Penchant for Discussing Crypto While Saying ‘Nothing About AI Regulation’
31.3.2023
Galaxy Digital Holdings chief executive Mike Novogratz has said he finds it shocking that U.S. authorities are interested in talking about the regulation of crypto, but have said nothing about artificial intelligence (AI) regulation. Novogratz added that by choosing mainly to focus on crypto...
Do Kwon’s Extradition Likely to Take Time, Montenegrin Prosecutor Says
28.3.2023
A prosecutor investigating Terraform Labs CEO Do Kwon for alleged passport forgery in Montenegro has indicated that he will not be extradited soon. The law enforcement official told South Korean media that Montenegrin authorities intend to indict Kwon within a month, ruling out the possibility...
French Authorities Raid 5 Major Banks Over Accusations of Money Laundering and Fiscal Fraud
28.3.2023
On Tuesday, French officials conducted raids on five major banks located in and around Paris, including Societe Generale, BNP Paribas, HSBC, Natixis, and BNP’s Exane Bank, over alleged charges of money laundering and fiscal fraud. According to a spokesperson for France’s Financial...
Onecoin Head of Legal and Compliance Charged for Role in Crypto Pyramid
22.3.2023
Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska, who was extradited on Monday, may face up to four decades in prison if found guilty on counts of fraud and money...
Binance Crypto Exchange Braces for Regulatory Onslaught: Can the Crypto Giant Withstand the Escalating Pressure from US Authorities?
20.3.2023
Binance is increasingly taking heat from regulators on multiple fronts, with its US business being the most vulnerable to ongoing crackdowns by the Securities and Exchange Commission (SEC).
Most pressing for the exchange in the US now is perhaps claims by the SEC that Binance.US is operating...
Several Crypto Mining Operations Busted in Russia
19.3.2023
Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming...
Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil
19.3.2023
A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban...
International Operation Takes Down Crypto Mixer Chipmixer — Creator Could Face 40 Years in Prison
17.3.2023
An international operation has taken down Chipmixer, a cryptocurrency mixing service that allegedly laundered more than $3 billion worth of cryptocurrency, according to the U.S. Department of Justice (DOJ). The operation involved national authorities in the U.S., Germany, Belgium, Poland,...
European Commissioner Says Impact of SVB Collapse ‘Limited’ as Credit Suisse Drags Down Banking Stocks
17.3.2023
Silicon Valley Bank’s (SVB) collapse has had a “limited impact” on the European Union but authorities must still “stay alert” to events as they unfold, European Commissioner Mairead McGuinness has said. Despite McGuinness’ reassuring remarks, stocks of Europe’s largest...
Report: Shanghai Bank Mulls Buying Silicon Valley Bank’s Stake in Chinese Subsidiary
15.3.2023
According to reports, Shanghai Pudong Development Bank may acquire the China-based subsidiary of Silicon Valley Bank (SVB). Authorities in the Chinese city of Shanghai reportedly back the acquisition, which may help minimize the impact of SVB’s shutdown. In its statement following SVB’s...
US Authorities Probe Jump Trading and Jane Street Conversations About TerraUSD Bailout
14.3.2023
The US Justice Department has probed the two major trading firms Jump Trading and Jane Street about plans for a potential bailout of the Terra network’s failed algorithmic stablecoin TerraUSD (UST).
According to Bloomberg report from Monday, prosecutors are now looking into group chat...
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
14.3.2023
The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia
Please Stop Taking Lewd Photos At Studio Ghibli's Theme Park, Authorities Ask
14.3.2023
Ghibli Park, a large theme park dedicated wholly to the works of Japanese animation giants Studio Ghibli, opened late last year. And it hasn’t taken long for people to start being weirdos with some of the statues found at the park, prompting calls from local authorities to please stop.Read more
Breaking: Signature Bank closed by New York banking authorities
12.3.2023
The New-York-based bank, which is also known to serve a number of crypto firms, was shut down by state regulators, according to a Federal Reserve announcement
Binance Trains Ukraine’s Cyberpolice and Security Service
12.3.2023
Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin trading platform has been involved in dozens of similar initiatives over the past year, in a number of countries. Binance Provides Crypto Training to Security...
U.S. authorities preparing 'material action' to curb SVB contagion
12.3.2023
The White House assessed the impact of Silicon Valley Bank's failure over the weekend with a keen attention to venture capital firms and regional banks
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance
11.3.2023
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions...