South Korea moves to legalize stablecoins with new crypto bill
South Korea’s president is advancing a crypto bill to legalize stablecoins, requiring issuers to meet capital and regulatory standards, amid central bank opposition and surging stablecoin trading.
Russian Crypto CEO Charged in $530M Laundering Fraud
Russian CEO Iurii Gugnin of crypto platform Evita was charged for laundering $530M to aid sanctioned Russian banks, violating US sanctions and export controls.
Canary Capital spins up Delaware trust for staked Injective ETF
Canary Capital formed a Delaware trust for a staked Injective ETF, potentially offering exposure to INJ tokens. The move follows similar crypto ETF steps, though SEC concerns about staking ETFs remain.
SEC Chair Touts American DeFi Revolution as ETH Prices Pump 8%
SEC Chair Paul Atkins supports DeFi innovation, criticizing outdated regulations. He proposes an ‘innovation exemption’ for blockchain, boosting Ethereum prices by 8% with regulatory clarity for staking and self-custody.
Crypto scammers plead guilty to $37M scheme targeting Americans
Five men pleaded guilty to a $37M crypto scam targeting Americans, laundering funds through shell companies and converting them to USDT before sending to Cambodia. They face up to 20 years in prison.
Russian National Hit With 22 Charges for Laundering $530M in Crypto – Legal Bitcoin News
A Russian national faces 22 charges for laundering $530M in crypto, allegedly using his companies to evade U.S. sanctions and defraud financial institutions.
Four Charged in $123M Queensland Crypto Laundering Scheme, AFP Says
Four individuals charged in a $123M Queensland crypto laundering scheme after an 18-month AFP-led investigation. Assets seized include properties, crypto wallets, and luxury items.
UK Insolvency Service Appoints First Crypto Specialist
The UK Insolvency Service appointed its first crypto specialist, Andrew Small, to trace and recover digital assets in bankruptcy and criminal cases, reflecting a 420% rise in crypto-related insolvencies over five years.
Why Traditional Crypto Security Advice Is Failing Against AI-Powered Scams – Brave New Coin
AI-powered scams are exploiting outdated crypto security advice, with verified accounts being hijacked for deepfake Bitcoin giveaways. Traditional measures fail against machine-speed attacks, requiring urgent updates to security protocols.
SEC Chair Champions Self-Custody Rights—New Exemption Could Fuel Crypto Boom – Regulation Bitcoin News
SEC Chair Paul Atkins advocates for self-custody rights and regulatory clarity, potentially boosting crypto and DeFi growth by empowering users and fostering innovation.
