South Korean Court Jails Cross-border USDT Money Launderers
A South Korean court sentenced two Vietnamese nationals to two years in prison for using USDT to launder money from voice phishing scams, transferring funds cross-border via cryptocurrency.
Texas Govt. Signs Strategic Bitcoin Reserve Into Law – Details
Texas has enacted SB 21, establishing a strategic Bitcoin reserve independent of the state treasury, becoming the third US state to do so. The law allows investment in high-cap cryptocurrencies like Bitcoin and Ethereum.
City in Washington Bans Crypto Kiosks After State Witnessed $141,756,936 in Losses to Scams – The Daily Hodl
Spokane, Washington bans crypto kiosks to combat scams after residents lost over $141 million. The ordinance aims to protect consumers from irreversible fraudulent transactions facilitated by these machines.
Scammer Causes Banks To Lose $780,837 After Running Elaborate Cash Heist at 11 Different Branches – The Daily Hodl
Oliver Tejada sentenced to 5 years for stealing $780,837 from banks via an elaborate fraud scheme targeting elderly victims and using fake IDs for withdrawals.
GENIUS Law Faces Criticism for Limiting Stablecoin Interest Transfers After Bank Lobbying News ETHNews
The GENIUS Act bans stablecoin interest payments, sparking criticism. David Sacks claims bank lobbying drove the rule to protect traditional deposits from digital competition, calling it anti-competitive.
Chainalysis Links Iran’s Exchange Curfew to Broader Sanction-Evasion Controls News ETHNews
Iran restricts crypto exchange hours after a $90M Nobitex hack by Predatory Sparrow, with Chainalysis linking the curfew to broader sanction-evasion controls and political destabilization efforts.
Mastermind of $243,000,000 Bitcoin (BTC) Hack Cooperates With Feds, Pleads Guilty to Charges: Report – The Daily Hodl
Veer Chetal, involved in a $243M Bitcoin hack, pleads guilty to fraud and money laundering. He agreed to testify against co-defendants in the social engineering scam targeting crypto holders.
Jan3’s Mow Believes France Could Lead Bitcoin Nation-State Adoption in Europe
Samson Mow of Jan3 believes France could lead Bitcoin adoption in Europe after meeting pro-Bitcoin lawmaker Sarah Knafo to discuss a national Bitcoin reserve strategy and favorable regulations.
Singapore New Crypto Rules: $200K Fines, Jail Risk
Singapore mandates all entities offering digital token services overseas to obtain a DTSP license or cease operations by June 30, 2025, with strict penalties for non-compliance.
Despite Trump’s backing, crypto is choosing MiCA over America: Paybis
Europe’s MiCA framework is boosting crypto adoption, with Paybis reporting a 70% rise in EU trading volumes. US activity declines amid regulatory uncertainty, while France sees a 175% spike.
