North Korean hackers have stolen more than $200 million worth of cryptocurrencies this year, according to the U.S. Federal Bureau of Investigation (FBI). The latest hack was of crypto exchange CoinEx, which was carried out by the North Korean Lazarus Group and resulted in the loss of more than $27 million in different cryptocurrencies, including […]
TOKEN2049, Asia’s premier Web3 and crypto conference, is set to welcome a full house of tech pioneers, investors, policymakers, and industry shakers from across the globe at the iconic Marina Bay Sands from 13-14 September 2023. With over 10,000 attendees, 300+ exhibitors and 400+ side events, it is the industry’s biggest international gathering of the […]
India is working on a crypto regulatory framework based on the joint recommendations of the International Monetary Fund (IMF) and the Financial Stability Board (FSB) that could result in legal legislation in the next 5-6 months. The framework is a five-point approach that focuses on setting up advanced Know Your Customer (KYC) for crypto companies, […]
France has taken a step towards licensing financial influencers by introducing a non-obligatory Responsible Influence Certificate. The certificate, which has been in existence since 2021, requires influencers to pass a 25-question multiple-choice test with a minimum of 75% correct answers. The course covers a range of investment products, including equities, bonds, ETFs, funds, derivatives, wine, […]
Tom Emmer, the Majority Whip of the U.S. House of Representatives, has introduced an amendment that has drawn attention to the Securities Exchange Commission’s (SEC) actions in the cryptocurrency industry. In his statement, Emmer criticizes Gary Gensler, alleging that the SEC chair has overstepped his authority and is negatively affecting the American people. He urges […]
Caroline Pham, a commissioner with the United States Commodity Futures Trading Commission (CFTC), has proposed a limited pilot program to address crypto regulation. Pham suggested that the program would be similar to regulatory sandboxes previously introduced at the state level. The program would create a framework for emerging technologies and market structures under existing laws […]
The FBI has revealed that the North Korean state-backed hacker group Lazarus Group was responsible for a Sept. 4 exploit of online casino platform Stake that resulted in $41 million in cryptocurrency being lost. The FBI identified 33 crypto addresses that received the stolen funds, including four Ethereum (ETH) addresses, five Binance Smart Chain (BSC) […]
Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs). The Financial Supervisory Commission (FSC) of Taiwan has created a draft of ten guiding principles for the management of virtual currencies in the country. These principles […]
Under India’s G20 presidency, discussions are underway to establish a global framework for cryptocurrencies. Indian Prime Minister Narendra Modi has called for global collaboration on formulating crypto regulations among G20 member states. India’s Minister of Finance Nirmala Sitharaman confirmed this during the Global Fintech Fest on Sept 5, noting that crypto is both a threat […]
The South Korean government is planning to submit a bill that will enable it to track and freeze crypto assets used by North Korea for its weapons program. The bill includes provisions for the monitoring and mitigating of cryptocurrency assets stolen by North Korea through hacking activities, and seeks to augment the sanctions against the […]
