Crypto, Cash, and Condos: Singapore Ends $2.2B Laundering Case With Fines
Singapore fined nine financial firms S$27.5M for AML lapses in a $2.2B laundering case involving luxury assets and crypto. UBS and Citigroup faced penalties, with remedial steps underway.
US Lawmakers Probe $870,000,000 in Customer Losses on Zelle, Targeting JPMorgan Chase, Bank of America and Wells Fargo’s Reimbursement Practices – The Daily Hodl
US lawmakers investigate $870M in customer losses on Zelle, targeting major banks’ reimbursement practices and fraud prevention measures amid growing scam concerns.
Crypto’s path to legitimacy runs through the CARF regulation
CARF regulation will require crypto platforms to track and report transactions globally by 2027, starting with the UK and EU. This shift aims to reduce tax evasion but challenges crypto’s privacy ethos.
Bybit to Impose Additional 18% GST on Trading Fees for Indian Users from July 7 – Coinspeaker
Bybit will impose an 18% GST on trading fees for Indian users from July 7, adding to the existing 30% tax on profits and 1% TDS, raising concerns about stifling innovation.
Hong Kong to Issue Tokenized Green Bonds Amid Growing Blockchain Integration – Coinspeaker
Hong Kong plans to issue its third tokenized green bond using blockchain technology, as part of efforts to modernize financial infrastructure and attract global investors. The initiative includes ETF stamp duty relief and a new stablecoin licensing framework.
U.S. House of Representatives declares July 14th “Crypto Week”
The U.S. House declared July 14-20 as ‘Crypto Week’ to review three key bills: CLARITY Act, GENIUS Act, and Anti-CBDC Act, aiming to establish regulatory clarity and U.S. leadership in digital assets.
Google Ordered To Pay $314,600,000 To Android Users After Allegedly Transferring Data Without Permission – Here’s Who Will Receive The Payout – The Daily Hodl
Google must pay $314.6 million to 14 million Android users in California for unauthorized data transfers. The jury ruled the transfers violated privacy laws, but Google plans to appeal.
Russia goes after illegal miners with new registry for crypto mining rigs
Russia has created a registry for crypto mining equipment to track illegal miners, aiming to reduce electricity theft and enforce taxation. The move follows legalization of mining in 2024.
Inside Job? How One Employee’s Alleged Betrayal Led to a $140 Million Central Bank Hack – Brave New Coin
A $140 million hack targeting Brazil’s Central Bank was allegedly facilitated by an insider selling login credentials for $2,700, highlighting vulnerabilities in centralized systems and insider threats.
WLFI could soon be tradable! – Here’s what you NEED to know
WLFI proposes making its token tradable, shifting from a closed to open ecosystem. The move aligns with Trump’s growing crypto involvement, raising governance and political concerns.
