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Business

South Korean prosecutors seize $176M belonging to Terraform Labs founder
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16 May, 2023

South Korean prosecutors seize $176M belonging to Terraform Labs founder

The $176 million assets linked to Do Kwon that were seized by South Korean authorities include a posh office complex,...
Hong Kong regulators warn incoming firms against ‘light touch’ approach
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16 May, 2023

Hong Kong regulators warn incoming firms against ‘light touch’ approach

Despite being seen as having a "friendly" stance toward VASPs, Hong Kong reiterates it would push for stringent but "reasonable"...
French man who bought luxury car with BTC convicted in Morocco
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15 May, 2023

French man who bought luxury car with BTC convicted in Morocco

The Moroccan trial court handed down an 18-month prison sentence on 21-year-old French citizen Thomas Clausi and a steep fine...
M-Pesa breaks into Ethiopia where digital currencies have been declared illegal
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15 May, 2023

M-Pesa breaks into Ethiopia where digital currencies have been declared illegal

Mobile money service M-Pesa becomes the first service to challenge the state-backed Telebirr in mobile money, even as Bitcoin remains...
EU lawmakers edge closer to AI Act, taking aim at facial recognition, profiling
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15 May, 2023

EU lawmakers edge closer to AI Act, taking aim at facial recognition, profiling

Two committees in the European Parliament voted for the amended AI Act to crack down on biometric surveillance, emotion recognition,...
Ethereum stumbles with settlements as validators go missing
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15 May, 2023

Ethereum stumbles with settlements as validators go missing

Delays recorded in settling transactions in Ethereum last week weren't all that serious, developers working on the issue said but...
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