Zhao Dong's Conviction Highlights China's Stance on Cryptocurrency and Foreign Exchange Regulation
Zhao Dong's conviction in China's OTC crypto trading case underscores the country's strict cryptocurrencies and foreign exchange regulations, warning other entities operating in similar jurisdictions.
China Dismantles $2.2 Billion Underground Banking Operation Leveraging Cryptocurrencies
Chinese authorities have dismantled a $2.2 billion underground banking network that used cryptocurrencies to bypass financial controls, seizing $28,000 worth of digital currencies.
South Korea Enacts Legislation for Public Disclosure of Officials' Crypto Holdings
South Korea has introduced new legislation requiring public officials to disclose crypto assets, aiming to improve governance transparency and address conflicts of interest.
FTX Debtors Propose Litigation Settlement Over $220 Million Embed Acquisition
FTX debtors propose a $220M litigation settlement over their Embed acquisition, involving ex-CEO Sam Bankman-Fried, with the aim of recovering the full investment.
South Korea and U.S. Set for High-Level Crypto Regulatory Talks in January
South Korea's FSS Chief, Lee Bok-hyun, is set to meet with SEC Chair Gary Gensler in January to discuss cryptocurrency market regulation in light of global market changes.
Bank of China Achieves Groundbreaking $14 Million e-CNY CBDC Settlement in Gold
The Bank of China's Shanghai branch successfully settled a $14 million e-CNY CBDC for gold, marking a significant advancement in digital currency's role in international trade.
US Court Orders Binance and Changpeng Zhao to Pay $2.7 Billion in Settlement with CFTC
A US court has imposed a $2.7 billion fine on Binance and a $150 million fine on Changpeng Zhao for violating the Commodity Exchange Act and CFTC regulations.
SEC Delays Decision on Invesco and Galaxy Digital's Ether ETF
The SEC extends the review period for the Invesco and Galaxy Digital's Ether ETF until February 6, 2024, signaling continued caution in cryptocurrency product approvals.
KuCoin to Pay $22 Million and Exit New York in Landmark Settlement
KuCoin settles with NYAG for $22M and bans NY users, marking a major regulatory move in crypto, with implications for securities law and exchange compliance.
Cryptocurrency Detective ZachXBT Uncovers Unusual ETH Withdrawals for MTG Cards
ZachXBT's analysis of cryptocurrency transactions involving the withdrawal of over 11,200 ETH, equivalent to $25 million, raises questions about the source and intent of these funds.