South Korea proposes 2024 won-pegged stablecoin bill with BOK oversight
South Korea proposes a stablecoin bill pegged to the won, targeting 2024 implementation. Involves BOK and FSC, aiming to regulate digital currencies like KRWt.
Hong Kong SFC reports 2023 stablecoin fraud risks under new regulations
Hong Kong SFC alerts that new stablecoin regulations increase fraud risks, citing Tether and USD Coin. Over 20 cases reported in 2023.
Nebraska man gets 1-year prison for $3.5M Bitcoin and Ethereum cryptojacking
Nebraska man sentenced to 1-year prison for $3.5M cryptojacking scheme involving Bitcoin and Ethereum, marking a significant cybercrime case in 2023.
JPYC to launch Japan’s first regulated yen stablecoin in 2023
JPYC anticipates approval for Japan’s first regulated yen-backed stablecoin, joining Circle and Tether in the $130 billion stablecoin market by 2023.
Japan’s FSA approves first yen stablecoin JPYC in autumn 2023
Japan’s FSA will approve JPYC, the first yen-pegged stablecoin, in autumn 2023, marking a milestone in Japan’s $1.2B digital asset regulatory framework.
Lazarus Group steals $23M from Lykke in 2024 crypto heist
Lazarus Group allegedly stole $23M from Lykke, a Swiss crypto firm, marking another major cyberheist in 2024 involving North Korean hackers.
Fake law firm scams target Bitcoin and Ethereum investors in 2023
Crypto fraud involving fake law firms increased by 30% in 2023, targeting Bitcoin and Ethereum investors with false legal claims and phishing schemes.
Japan approves first yen-backed stablecoin in 2024 with Mitsubishi UFJ and SBI Holdings
Japan plans to approve its first yen-backed stablecoin in 2024, involving Mitsubishi UFJ and SBI Holdings, aiming to enhance digital payments and blockchain adoption.
Jeju City seizes $3.2 million in crypto from 150 tax evaders
Jeju City authorities will seize crypto assets from 150 alleged tax evaders, including Bitcoin and Ethereum, totaling $3.2 million in unpaid taxes.
Ian Balina sentenced to 1 year for $3.5 million Ethereum cloud mining fraud
Crypto influencer Ian Balina sentenced to 1 year for defrauding 150 investors in a $3.5 million cloud mining scam involving Ethereum and Bitcoin.
