Law and Order

In brief The Bank of Korea’s governor will meet commercial bank heads on June 23 in Seoul. Stablecoin issuance is expected to be a key topic amid growing political momentum. South Korea’s new president, Lee Jae-myung, favors won-based stablecoins to curb capital flight. Bank of Korea Governor Rhee Chang-yong is set to meet with the […]

In brief Crypto-friendly Lee Jae-myung won the presidency in South Korea last week. He is now pushing ahead with a stablecoins bill. If approved, the law would allow companies to issue their own stablecoins. South Korea’s newly elected president pushed ahead with a crypto-friendly agenda on Tuesday, announcing new stablecoin legislation, according to reports.  As

In brief The CLARITY Act passed the House Agriculture Committee Tuesday with a firmly bipartisan 47-6 vote. The crypto market structure bill faces a steeper climb on the House Financial Services Committee, which is still debating the legislation. Both committees, which jointly wrote the CLARITY Act, must pass the bill before it can be considered

In brief U.S. authorities have charged Russian citizen Iurii Gugnin with multiple counts of bank fraud and sanctions evasion. Gugunin is accused of using his NY-based crypto firms as a “covert pipeline” for Sberbank, VTB Bank, and Russia’s nuclear company Rosatom. He faces up to 30 years per bank fraud count as part of broader

In brief Paraguay’s president on Monday announced on X a Bitcoin reserve. The country’s government said it was likely a hack. This isn’t the first time high-profile X accounts have been hacked. The Paraguayan government dismissed a post on the X account of President Santiago Pena saying the country had made Bitcoin legal tender as

In brief Coinbase and BiT Global have agreed to dismiss a lawsuit over Coinbase’s delisting of Wrapped Bitcoin (WBTC). BiT Global, which has ties to crypto founder Justin Sun, sued when Coinbase said it would no longer list WBTC following BiT Global’s plans to become involved with the token. Since delisting WBTC, Coinbase’s own wrapped

In brief Australian police have dismantled a $123 million Queensland money laundering ring that allegedly funneled illicit cash into crypto. Raids across Brisbane and the Gold Coast uncovered $170,000 in crypto, physical cash, luxury properties, and encrypted devices. The AFP’s asset seizure taskforce restrained over $110 million in the past year, with crypto playing a

In brief Robinhood’s Johann Kerbrat believes that overhauling investor accreditation rules could help tokenization flourish in the U.S. Under current rules, 90% of investors in the U.S. would be prohibited from participating from investing in early-stage companies on-chain. Kerbrat made a formal recommendation to the SEC earlier this year to implement knowledge-based and self-certification components

In brief Here are 3 very concise bullet points: • DOJ seized $7.74 million in crypto laundered by North Korean IT workers who used fake identities to get jobs at U.S. companies. • Workers were paid in stablecoins, then laundered funds through various methods before sending proceeds to the North Korean government. • Security experts

In brief Feds last year shut down the Bitcoin mixing service, Samourai Wallet, with the developers arrested. The defendants are now arguing that the case should be dismissed—and have backing from crypto advocacy groups. A judge this week declined to admit amicus curiae briefs from the groups. Two crypto advocacy groups, whose amicus curiae briefs