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.
Which Crypto IPOs Could Be Next Following Circle? – Decrypt
Following Circle’s successful $1.1 billion IPO, crypto firms like Gemini, Bullish, and FalconX are preparing to go public amid favorable regulatory shifts and growing institutional demand for digital assets.
Analysts: China Should Introduce Yuan Alternatives to Combat Dollarization Driven by Stablecoins – Economics Bitcoin News
Analysts suggest China issue a yuan stablecoin to counter dollarization from stablecoins, potentially launching it in Hong Kong where regulations exist for such digital assets.
