China’s Illegal Crypto Activities Are Taking Place in Laundromats and Cafes: WSJ
Physical trading is most popular in China’s inland, as places further from the coast are generally poorer so local governments are preoccupied with other matters.
Policy
Crypto Crime Amounted to Over $24B in 2023: Chainalysis
The figure is nearly 40% less than that of 2022, however it is only provisional, Chainalysis stressed.
Donald Trump Promises to “Never Allow” Central Bank Digital Currencies (CBDC) if Elected
Former President Donald Trump joins Ron DeSantis as a critic of CBDCs.
EU Provisionally Agrees Tough Crypto Due Diligence Measures to Combat Money Laundering
Crypto firms have to do checks on transactions of 1000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.
Coinbase and SEC Dig in With U.S. Judge on Whether Securities Law Applies to Listings
The U.S. Securities and Exchange Commission (SEC) case against Coinbase delves into a ton of complexity, but before anything else, a judge has to decide whether transactions in about a dozen tokens traded on the U.S. exchange were securities.
Test and Deploy: A New Era for CBDCs
Central banks from Mexico and Colombia studied crypto’s role in the developing world (Flickr)
Coinbase’s SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal
Coinbase is about to make its case in a federal courtroom that the U.S. Securities and Exchange Commission (SEC) is wrong about its legal arguments that the crypto exchange has been trading unregistered securities. What the New York judge does next could have serious consequences for the wider industry’s clashes with the regulator.
UN Says Tether Plays Major Role in Illicit Activity in East Asia; Stablecoin Issuer Hits Back
Tether, the issuer of the largest stablecoin by market cap, has challenged the United Nations (UN) for its report on underground banking and money laundering infrastructure in East and Southeast Asia.
Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says
Local courts may be facing political pressure regarding Kwon’s extradition to the U.S. or South Korea, his lawyer Goran Rodic told CoinDesk.
Venezuela Ends Controversial Petro Cryptocurrency: Reports
Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports.