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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Regulatory and Legislative Analysis – GLOBAL Interpol releases analysis of the Metaverse’s key challenges threats and harms On Jan 18, Interpol released a new white paper titled: “Metaverse, a law enforcement perspective: Use cases, crime, forensics, investigation and governance.” This document provides an in-depth analysis of the Metaverse from a law enforcement perspective. Interpol notes…
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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.…
Read more 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…
Read more 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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