US, South Korea, Japan Collaborate to Tackle North Korea Cyberattacks
The US, Japan, and South Korea take strong steps to protect security interests by opposing North Korea’s use of cryptocurrency for money laundering. The US, South Korea, and Japan have launched ground-breaking plans to combat cyber threats, cryptocurrency abuse, and space launches as a united front against North Korea’s increasing threats. Concurrently, the joint endeavors, […]
Russian Co-founder of Crypto Exchange Bitzlato Pleads Guilty
Anatoly Legkodymov, a Russian co-founder of the cryptocurrency exchange Bitzlato, entered a guilty plea to accusations of money laundering. On December 6, 2023, the U.S. Department of Justice (DoJ) released a press statement stating that Legkodymov entered a guilty plea to running a money-transmitting company that “transported and transmitted” more than $700 million in unlawful […]
US Imposes Sanctions on Cryptocurrency Mixer Sinbad
The U.S. Treasury Department has sanctioned the cryptocurrency mixing service Sinbad.io (Sinbad) for its role in enabling money laundering by North Korean state-sponsored hacking groups. The Office of Foreign Assets Control (OFAC) of the U.S. Department of Treasury has imposed sanctions on Sinbad, a cryptocurrency mixing service purportedly used by criminals, such as North Korea’s […]
Harvest Global Investments to Start Tokenized Fund in Hong Kong
Harvest Global Investments plans to launch a tokenized bond fund for professional investors in Hong Kong. Harvest Global Investments (HGI), an investment firm under Harvest Fund Management, reportedly worked with Meta Lab HK, a business supported by Harvest Digital Assets, according to a post on X dated November 22. On November 23, they will work […]
Coinbase Opens Futures Trading to Non US Users
Coinbase offers perpetual futures services to non-US retail consumers with a focus on compliance and market adaptation. Perpetual futures services offered by Coinbase International’s cryptocurrency exchange are now available to retail consumers outside of the US. This milestone follows approximately $5.5 billion in notional volume, primarily from institutional trading, on the platform during the second […]