In the world of cryptocurrency and financial crime, last week was eventful with several significant developments taking place globally. Here are some of the top stories that made headlines:
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HK Police Arrest Four in Connection with HK$11M Crypto Fraud, Including Teen Suspect: Hong Kong police arrested four individuals, including a 14-year-old, for their involvement in a massive crypto fraud operation. The suspects were accused of fraud and possession of fake banknotes.
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U.S. Senator Cynthia Lummis’s solution to National Debt: Bitcoin Reserve: Senator Cynthia Lummis proposed a bill for the U.S. Treasury to buy 1 million bitcoins over five years to reduce the national debt. The bitcoins would be held securely for at least 20 years.
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Bank of England Explores CBDC for Banks in Latest Innovation Push: The Bank of England is conducting experiments with Central Bank Digital Currency (CBDC) and digital ledger technology. They aim to make stablecoins interchangeable with the pound.
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Slovenia Issues EU’s First Digital Sovereign Bond: Slovenia issued the EU’s first digital sovereign bond, settled using wholesale CBDC. This move is part of Slovenia’s strategy to become a leader in blockchain and digital finance.
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India’s Web3 Alliance Bolsters Cybersecurity in Wake of WazirX Hack: The Indian BWA is focusing on enhancing cybersecurity and consumer safety in the crypto sector following a $230 million attack on WazirX.
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South Korean Crypto Exchanges Hit with Surprise Supervisory Fees: Major crypto operators in South Korea will now have to pay supervisory fees as part of the Virtual Asset User Protection Act.
- EU Watchdog Flags Offshore Crypto Risks Under New MiCA Regulation: The ESMA released an opinion highlighting the risks associated with international crypto companies applying for partial authorization under the MiCA regulation.
In addition to these global news stories, there were also updates on platform and tokens, project developments, podcasts, job listings, and upcoming events in the crypto space. Stay tuned for more updates and insights from WeekInFocus by CoinCodeCap.
