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Stablecoins
UK government rejects advisory committee’s call to regulate digital assets as gambling
At the time of writing, it appears that the U.K. government's view has prevailed and will continue with its plans...
Chinese police expose $54M money laundering scheme involving USDT
A total of 21 suspects were arrested, with Chinese authorities seizing 40 mobile phones and nearly $30,000. All 21 individuals...
FSB finalizes global recommendations for regulating digital assets, stablecoins
The recommendations from the Financial Stability Board include fostering cross-border regulatory collaboration, improved disclosures of digital assets, and providing legal...
US seizes $45 million in fraud proceeds from Tether/FTX’s bank Deltec
It “appears” that Deltec Bank “misrepresented the purpose and use” of its MUFJ accounts, which were opened with MUFJ by...
Binance fires staff, cuts benefits, ditches sponsorships, claims ‘this is fine’
Binance’s layoffs could top 3,000 by year’s end, according to an exchange staff who claimed that the U.S. Department of...
Terra co-founder Daniel Shin faces first court hearing in South Korea
The South Korean court noted that it would study the submissions of Daniel Shin's legal team; both parties are expected...
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