John Reed Stark, a former director at the United States Securities Exchange Commission (SEC), has issued a warning to social media crypto influencers on Twitter, alerting them to the potential consequences of their actions. Attention all crypto promoters who use social media to manipulate the price of crypto-securities: Fail not ...
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) held a meeting on May 30, 2023, to discuss collaboration in the development of financial technology and cryptocurrency regulations. The goal of this meeting was to strengthen cooperation and provide the groundwork for collaborative ...
The European Systemic Risk Board (ESRB) issued a set of recommendations on May 25, 2023, aimed at preventing potential shocks in the crypto sector from endangering financial stability in the European Union (EU). ESRB's recommendations include implementing rules for investment funds, exchanges, and other businesses dealing with cryptoassets, as well ...
The Federal Bureau of Investigation (FBI) has issued a public announcement warning Americans residing overseas or travelling abroad about a fraudulent crypto job advertisement. On May 22, 2023, the FBI alerted individuals to deceptive employment ads linked to labour trafficking in Southeast Asia. According to the FBI, victims have been ...
Texas has taken a significant step towards implementing legislation that would require cryptocurrency exchanges to maintain reserves sufficient to fulfill customer obligations. The bill, known as State Bill 1666, has passed the Senate and awaits the signature of the state governor to become law. The legislation, which amends the Texas ...
Westpac, one of Australia's leading banks, has initiated the first phase of its trial of scam prevention tools to combat cryptocurrency-related fraud. The bank aims to introduce a set of tools and safety measures that wil help reduce risks and minimize losses associated with crypto and investment scams. According to ...
The U.S. Department of Justice (DOJ) has charged a Russian national named Mikhail Pavlovich Matveev for his involvement in cyber-attacks targeting American infrastructure. Matveev, known by various aliases such as Wazawaka, m1x, Boriselcin, and Uhodiransomwar, is linked to a series of cyber-attacks that affected a wide range of victims in ...
The Federal Reserve Bank of Chicago (FRBC) has published a comprehensive research report explaining the causes and driving forces behind the 2022 cryptocurrency crisis that sparked multiple bank runs and impacted the global financial markets. According to the report, influential account holders, crypto whales on regulated exchanges, and institutional players ...
Zimbabwe's central bank has defied warnings from the International Monetary Fund (IMF) and issued digital tokens backed by gold worth $39 million. This decision comes as the country grapples with high inflation and volatile currency fluctuations. The tokens were launched in April and made available for purchase from May 8 ...
South Korean legislator Kim Nam-kuk has resigned from the Democratic Party following allegations of involvement in cryptocurrency activities while participating in the enactment of the country’s digital assets legislation. Kim declared his intention to prove his innocence and noted that his resignation would relieve party members of the burden caused ...
