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Weekly Update #38

MARK COLLINS & DEMETRIOS TSEAS Regulatory News: U.S. Justice Dept charges three individuals for $1.89B cryptocurrency fraud scheme: On Jan 29, the U.S. Justice Department announced charges against two individuals and the guilty plea of a third individual for orchestrating a $1.89 billion cryptocurrency scheme, for allegedly co-founding HyperFund, also known as HyperTech, HyperCapital, HyperVerse, and HyperNation. …

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Weekly Update #37

MARK COLLINS & DEMETRIOS TSEAS Regulatory: BIS Innovation Hub announces first six projects for 2024 work program: On Jan 23, the BIS Innovation Hub announced the first batch of six new projects in its 2024 Innovation Hub work program. Three of these projects involve: experimentation in next generation quantum resistance communication channels; CBDCs privacy considerations; and tokenization.…

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Weekly Update #36

MARK COLLINS & DEMETRIOS TSEAS Regulatory: UNODC issues report, finds casinos, []junkets and cryptocurrency to have emerged as a critical ML piece in the East and Southeast Asia: On Jan 15, The United Nations Office on Drugs and Crime (UNODC) issued a report titled: ‘Casinos, Money Laundering, Underground Banking, and Transnational Organized Crime in East…

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Weekly Update #35

MARK COLLINS & DEMETRIOS TSEAS Regulatory: CFTC Digital Assets and Blockchain Technology Subcommittee releases DeFi report: On Jan 8, the Digital Assets and Blockchain Technology Subcommittee of the CFTC’s Technology Advisory Committee, released a report on Decentralized Finance (DeFi). The report highlights that (DeFi) presents promising opportunities and complex, significant risks to the U.S. financial…

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Weekly Update #34

MARK COLLINS & DEMETRIOS TSEAS Regulatory: Four individuals charged for laundering millions from cryptocurrency investment scams: Four US nationals were charged for exfiltrating nearly $80M as part of a cryptocurrency investment scam. The individuals would open shell companies and bank accounts to launder the money they would extract from the victims lured into the schemes…

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Weekly Update #33

MARK COLLINS & DEMETRIOS TSEAS Regulatory: France’s Société Générale issues a first digital green bond on Ethereum: On Dec 4, Société Générale(SG) announced it has issued its first digital green bond as a Security Token directly registered by SG-FORGE, a regulated subsidiary of the SG group that provides Digital Assets structuring, issuing, exchange and custody…

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Weekly Update #32

MARK COLLINS & DEMETRIOS TSEAS Regulatory: South Korea’s National Pension Fund invests $20M in Coinbase shares: On Nov 16, National Pension Service (NPS), an entity that manages South Korea’s National Pension Fund (NPF) has reportedly bought nearly $20 million worth of Coinbase (COIN) shares in the third quarter, as cited by local outlet News1. The…

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Ciphertrace Inspector Launches LIFO/FIFO Tracing

Ciphertrace announces new defi-optimized tracing capabilities that allow financial investigators to reliably “follow the money” in Ethereum and will soon also be available in Tron and other EVM blockchains. By providing a choice of Last In, First Out (LIFO) or First In, First Out (FIFO) tracing, along with Ciphertrace’s auditable attribution, agents are empowered to…

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Weekly Update #31

MARK COLLINS & DEMETRIOS TSEAS Regulatory: NYDFS issues new guidance regarding listing of virtual currencies: On Nov 15, the New York State Department of Financial Services (NYDFS) issued guidance, setting new heightened standards for virtual currency coin-listing and delisting, for all Virtual Currency (VC) business entities under “BitLicense”. VC Entities that had a previously approved…

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Crypto Weekly Update #30

MARK COLLINS & DEMETRIOS TSEAS Regulatory JP Morgan’s customers can use JPM Coin to program their accounts and make payments automatically: On Nov 10, JP Morgan Chase reportedly allow their clients to program their accounts by setting conditions, enabling them to move funds to cover payments and margin calls via JPM Coin – a permissioned blockchain, that allow…

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