Irina Dilkinska, the former head of compliance at OneCoin, has pleaded guilty to charges of wire fraud and money laundering. Dilkinska, who served as “Head of Legal and Compliance” for the cryptocurrency project, admitted to facilitating the laundering of millions of dollars in illicit profits. Despite her position, she actively participated in the day-to-day operations […]
Taiwanese prosecutors have identified two new suspects in the ongoing investigation of the JPEX scandal. Chang Tung-Ying, the chief partner of JPEX’s Taiwan Office, and JPEX lecturer Shih Yu-sheng are now under scrutiny for alleged fraud. The Taipei District Prosecutors Office has formally requested their custody, citing violations of the Banking Act and the Money […]
US Republican House Majority Whip Tom Emmer has introduced an appropriation amendment aimed at curbing the power of Securities and Exchange Commission (SEC) Chair Gary Gensler. Emmer criticizes Gensler’s anti-crypto stance, accusing him of regulatory abuse that stifles American innovation and capital formation. The amendment, which was unanimously passed by the US House of Representatives, […]
The Turkish Finance Minister has introduced a draft law for the regulation of cryptocurrencies, aiming to bring “legal certainty” and impose “strict requirements.” This move comes after Turkey was placed on the gray list by the Financial Action Task Force (FATF) for not being vigilant enough against money laundering. Turkey’s Finance Minister claims that they […]
Australian cryptocurrency exchange CoinSpot has reportedly fallen victim to a hack, resulting in a loss of $2.4 million. The breach is believed to be a result of a compromised private key on one of CoinSpot’s hot wallets. Blockchain analyst ZachXBT identified two transactions entering the hacker’s wallet, which were then transferred to the Bitcoin network […]
Pro-crypto Congressman Tom Emmer has introduced an amendment to the federal budget that aims to prevent the Securities and Exchange Commission (SEC) from using government funds for crypto enforcement activities. The amendment, which has passed unopposed, states that the SEC cannot engage in enforcement related to digital asset transactions until Congress grants the agency jurisdiction […]
Binance, a major cryptocurrency exchange, is facing a lawsuit from the United States Securities and Exchange Commission (SEC) for allegedly selling unregistered securities and operating as an unlicensed exchange in the country. In response, Binance has filed a motion to dismiss the lawsuit, arguing that the SEC’s interpretation of securities laws is flawed and that […]
Gemini, a cryptocurrency exchange, has announced measures to comply with the controversial crypto Travel Rule in the United Kingdom. However, this move has been met with criticism from a Trezor analyst who believes it is a step towards overregulation and will limit customers’ freedom for self-custody of their crypto assets. Starting on November 17, Gemini […]
Rep. Tom Emmer (R-MN) delivered a scathing speech on the House floor, criticizing Securities and Exchange Commission (SEC) Chair Gary Gensler for his handling of digital asset regulation. Emmer accused Gensler of being ineffective and incompetent, pointing out that the SEC has pursued enforcement actions against the digital asset industry without finalizing any rules or […]
The United States Federal Reserve has recently increased its scrutiny of stablecoins, citing concerns that private entities are creating private money that could pose risks to the financial system. Michael Barr, the vice chair of the Federal Reserve for Supervision, has called for a robust federal framework to regulate stablecoins, particularly those linked to fiat […]
