Category: Law of the Chain
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US Unseals Civil Forfeiture Action Against $2 Million in Crypto Linked to Hamas – News Bytes Bitcoin News
The US DOJ unsealed a civil forfeiture action against $2M in crypto linked to Hamas, targeting funds held in Tether and Binance accounts connected to a Gaza-based money transfer business.
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Illegal Crypto Network Uncovered In UK: ATMs Seized, Arrests Made
UK authorities seized seven unregistered crypto ATMs and arrested two individuals in London, highlighting a crackdown on illegal digital currency operations violating anti-money laundering rules.
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US looks to grab $7.1M in crypto from oil and gas investment scam
US authorities seek to forfeit $7.1M in crypto tied to a fraudulent oil and gas investment scheme, with funds allegedly laundered through accounts in Russia and Nigeria. One individual has been indicted.
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DOJ Seeks to Return Millions in Crypto to Alleged Victims of $97M Oil and Gas Scheme – Decrypt
The DOJ indicted Geoffrey Auyeung for allegedly laundering $97M from a fraudulent oil and gas scheme. Authorities seized $7.1M in crypto, tracing funds through 19 wallets and international exchanges.
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Bank of England mulls canning CBDC plan: Report
The Bank of England may abandon its CBDC plans due to doubts about its benefits, preferring private sector payment innovations instead. Global CBDC support is waning amid privacy and stability concerns.
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SEC approves, then instantly pauses Bitwise’s ETF conversion
The SEC approved then paused Bitwise’s crypto index fund conversion to an ETF, leaving it in limbo pending review. Analysts compare it to Grayscale’s delay, citing possible SEC stalling tactics.
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South Korea FSS Restricts Including Crypto Stocks in ETFs
South Korea’s FSS advises asset managers to limit crypto stocks like Coinbase in ETFs, reinforcing 2017 guidelines restricting financial institutions from virtual asset investments amid ongoing regulatory uncertainty.
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Citadel Urges SEC to Treat Tokenized Shares Like Traditional Ones
Citadel Securities urges the SEC to regulate tokenized equities like traditional stocks, warning against regulatory arbitrage and emphasizing the need for genuine innovation in market infrastructure.
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‘Crypto Queen’ Cynthia Lummis Calls for Senate to Cancel August Recess and Stay in Session – News Bytes Bitcoin News
Senator Cynthia Lummis urges the Senate to cancel August recess to address pending legislation, contrasting House Speaker Mike Johnson’s early adjournment decision.
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UK to ban public sector from making ransomware payments
The UK plans to ban public sector and critical infrastructure from paying ransomware demands, requiring reporting of attacks. The proposal follows public consultation with mixed views on penalties.
