South Korea’s financial regulator says it is taking steps to combat money laundering and other financial crimes involving virtual assets. Virtual Assets and Financial Crime The head of South Korea‘s financial services industry regulator recently vowed to crack down on those who use virtual assets for money laundering. Speaking at Anti-Money Laundering Day, Kim Byung-hwan, […]
The SEC’s anti-crypto grip falters as Commissioner Lizárraga and Chair Gensler exit, clearing the path for a pro-crypto revolution in U.S. markets. SEC’s Anti-Crypto Stance Wavers as Another Key Resignation Hits U.S. Securities and Exchange Commission (SEC) Commissioner Jaime Lizárraga has announced his intention to step down from the agency on Jan. 17, 2025. In […]
Payments giant Stripe is in advanced discussions to acquire the San Antonio-based stablecoin platform Bridge for $ 1 billion, according to reports by Bloomberg and Forbes. Founded by former Coinbase employees Zach Abrams and Sean Yu, Bridge specializes in enabling businesses to create, store, and transact with stablecoins like Tether’s USDT and Circle’s USDC, …
As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin (BTC) is holding strong at just over $ 62,000, although it’s still trailing 15.6% below its record high from seven months ago. Meanwhile, ethereum (ETH) is facing a steeper climb, currently priced at …
India’s Enforcement Directorate has exposed a massive $ 48 million scam linked to the online gaming app Fiewin, connected to Chinese nationals. Following an in-depth investigation, an equivalent of about $ 3 million has been frozen in accounts tied to these individuals. The scam lured users with quick earning schemes but blocked fund …