Category: Law of the Chain
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How a Russian national allegedly laundered $530M in crypto via Tether
Russian national Iurii Gugnin allegedly laundered $530M via Tether (USDT) through his crypto firms, evading sanctions and AML regulations. He faces 22 criminal counts, including wire fraud and money laundering.
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Bank of England Governor Doubts the UK Needs a ‘Britcoin’ CBDC – Decrypt
Bank of England Governor Andrew Bailey questions the need for a UK CBDC (‘Britcoin’), preferring digital upgrades to existing systems. He also warns against stablecoins and bank-issued digital assets.
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XRP ETF Still in Play- SEC Commissioner Debunks Rejection Speculations
SEC Commissioner Hester Peirce clarifies that delays in XRP ETF approvals are procedural, not rejections, emphasizing careful review and future transparency in crypto ETF evaluations.
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California Forms Tech Task Force With Ripple, Coinbase Participation – Decrypt
California launches the ‘California Breakthrough Project’ with Ripple, Coinbase, and MoonPay to modernize state services using blockchain technology, signaling growing trust in crypto infrastructure.
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FBI and DEA bust $10 million crypto stash tied to Mexico’s most feared cartel in nationwide drug raids
US agencies seized $10M in crypto tied to the Sinaloa cartel during nationwide drug raids, uncovering millions of fentanyl pills and thousands of pounds of methamphetamine.
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MiCA: A Threat to Small Crypto Projects in the EU?
The article discusses concerns that MiCA regulations in the EU may disproportionately burden small crypto projects with complex compliance requirements, potentially pushing them out of the market.
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Bitcoin Is A Commodity: Why Congress Must Fix Bitcoin Taxes
The article argues that Bitcoin should be taxed as a commodity, not property, to avoid double taxation on miners and simplify transactions, urging Congress to reform current IRS policies.
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Data of 160,759 Americans Now at Risk – Firm Warns Names, Social Security Numbers, Financial Account Records and More May Have Been Exposed – The Daily Hodl
A cybersecurity breach at Next Level Finance Partners exposed personal data of 160,759 Americans, including Social Security numbers and financial records, with no reported fraud cases yet.
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Kraken Derivatives US Launches in Multiple States, Expanding Access to Crypto Futures – News Bytes Bitcoin News
Kraken Derivatives US launches in multiple states, offering regulated crypto futures trading alongside spot markets through an integrated Kraken Pro interface.
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EU Sanctions A7 Crypto Network Tied to Russian Election Interference – Decrypt
The EU sanctioned pro-Kremlin influencer Simeon Boikov and Moldova-based platform A7 for using crypto to spread disinformation and evade sanctions. A7’s ruble-backed stablecoin moved billions, targeting election interference.
