Employees of South Korean Crypto Exchange Coinone Arrested: Report
Seoul Southern District Court Chief Judge Kim Ji-Sook issued a warrant for the arrests on Monday, saying “There is concern about escaping.”
Policy
DeFi Could Be Forced to Incorporate and Certify, French Central Bank Says
Regulators are seeking to extend EU laws to cover more diffuse and decentralized structures.
Montenegro’s Central Bank to Develop CBDC Pilot With Ripple
The pilot will see the central bank identify the practical application of a national stablecoin and come up with a design to simulate its circulation.
Bank of England Targets 30-Strong Team for Digital Currency: Report
Among the positions available: Digital Pound Security Architect and Digital Pound Solutions Architect.
Do Kwon’s Millions Are Not in South Korea, Prosecutors Say: Report
South Korea requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro.
Head of Thailand’s Opposition Party Promises $300 Crypto Airdrop if Elected Prime Minister: Report
Local stakeholders call the move a “marketing gimmick” while others say its the most efficient way to mass distribute economic stimulus.
Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm
The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama.
India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources
Around 100,000 users have participated in the country’s central bank digital currency pilot since it kicked off in December.
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
The white paper proposes more tax reform, clearer accounting standards and a DAO law.
Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg
Singapore’s central bank and police authorities have been helping banks to set uniform standards for fine-tuning their vetting approach when opening crypto accounts.