Category: Law of the Chain
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Japan FSA backs stablecoin pilot with three megabanks
Japan’s financial regulator supports a stablecoin pilot program involving three major banks, advancing digital payment infrastructure and regulatory frameworks for blockchain adoption in traditional finance.
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South Korea reviews North Korea sanctions after US ties crypto theft to weapons
South Korea considers adjusting sanctions policy in response to US findings connecting cryptocurrency theft to North Korean weapons programs, highlighting global security implications of crypto crime.
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Google report links AI malware to North Korean cryptocurrency theft operations
Google’s report reveals North Korean actors using AI for sophisticated crypto theft, highlighting evolving cyber threats and the need for enhanced security measures in digital finance.
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Ripple CLO proposes skinny Fed accounts to resolve banking concerns
Ripple’s CLO advocates for ‘skinny’ Fed accounts to address banking sector stability concerns, highlighting potential regulatory solutions for cryptocurrency industry integration with traditional finance.
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Irish Central Bank fines Coinbase Europe $24.8 million for AML failures
The Irish Central Bank imposed a $24.8 million penalty on Coinbase Europe for anti-money laundering compliance failures, highlighting regulatory scrutiny on crypto exchanges in Europe.
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Coinbase tells US Treasury stablecoins should be treated like cash not debt
Coinbase argues stablecoin classification as cash would align with their transactional use, potentially reducing regulatory burdens and supporting broader cryptocurrency payment system integration.
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Seoul considers sanctions on North Korea after US crypto crackdown
South Korea aligns with US pressure campaign targeting North Korean crypto activities used for sanctions evasion and weapons funding, escalating financial isolation efforts.
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Judge rules FBI not at fault for $345 million in Bitcoin loss
A judge ruled the FBI not responsible for $345 million in missing Bitcoin, highlighting legal accountability gaps in cryptocurrency asset protection and recovery processes.
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ASIC chairman states Australia must adopt tokenized financial markets
Australia’s financial regulator acknowledges the necessity of adopting tokenized markets to maintain competitiveness and align with global financial innovation trends.
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Crypto leaders respond to Mamdani election win amid blockchain adoption concerns
Industry leaders express concern that Mamdani’s election could slow blockchain adoption in New York, potentially impacting regulatory progress and innovation in the state’s crypto sector.
