Crypto

Chinese authorities have arrested the former chairman of Cambodia’s Huione Group, a financial conglomerate identified as a central player in a global money-laundering network, in the latest escalation of Beijing’s campaign against transnational organized crime in Southeast Asia, The New York Times said.  Li Xiong, a Chinese national and former chairman of Huione Group, was […]

Malta is mounting an unusually public fight against a European Union push to centralize crypto supervision, arguing the move would strip the island-nation of oversight over major digital-asset firms it helped attract and regulate.

Federal Reserve Governor Michael Barr warned on Tuesday that stablecoins pose risks related to money laundering, financial stability, and reserve quality, as U.S. banking agencies work on regulations to implement new federal rules for the sector.

U.S. authorities have charged an alleged hacker in connection with a 2021 exploit of decentralized exchange Uranium Finance that drained about $53 million in crypto and helped force the platform to shut down.

Two Democratic U.S. senators pressed Securities and Exchange Commission Chairman Paul Atkins on Monday to explain the abrupt resignation of the agency’s enforcement director and whether it was tied to the SEC’s pullback from cryptocurrency cases linked to Donald Trump.

Britain has expanded its crackdown on Southeast Asia’s scam economy by sanctioning Xinbi, a Chinese-language crypto marketplace that officials say helped service scam centers, along with Legend Innovation Co., the operator of Cambodia’s “#8 Park” compound, and six individuals allegedly tied to the network.

Binance failed for months to cut ties with a payment-processing vendor despite a series of red flags that pointed to possible sanctions evasion and money laundering involving transfers later linked to Iran.

Two Chinese pharmaceutical firms and six Chinese nationals are facing charges after prosecutors said they were part of a drug-trafficking network that provided material support to the Cártel del Golfo (CDG), a Mexican criminal syndicate that was designated as a foreign terrorist organization.

Britain’s government will cap political donations from British citizens living overseas at £100,000 a year and temporarily ban cryptocurrency donations under emergency election law changes aimed at countering foreign interference.

Margaret Ryan, the former head of enforcement at the U.S. Securities and Exchange Commission (SEC), resigned last week after clashing with agency leaders over the direction of the watchdog’s oversight, including cases tied to President Donald Trump, his family, and his administration.