A former employee of the Canadian government has been arrested and extradited to the United States. The employee is reportedly a person of interest in a string of ransomware attack cases. U.S. Department of Justice officials also seized cryptocurrency payments from said attacks worth some $28 million.
A recently released facts sheet has provided details on President Joe Biden’s Executive Order regarding digital assets and the cryptocurrency industry. The policy is said to trigger full-scope crypto regulatory infrastructure within the U.S. and re-enforce America’s dominance as a global leader in finance
Singaporean subsidiary of Swiss crypto bank receives regulatory approval to offer more virtual asset services within the Southeast Asian country. The green light has been given in principle and is yet to take full effect.
A senior Democrat senator has called for American regulators to consider more crypto-friendly regulatory policies rather than champion rigid laws and intense crackdowns on the burgeoning industry of digital assets. The comments come months after SEC official Gary Gensler likened crypto to the wild west.
Champions of the English Premier League Manchester City have reached an agreement with cryptocurrency platform OKX. The deal is reportedly worth millions of dollars and marks yet another venture into the decentralized space by the club.
Officials from the IRS have said that crypto exchanges should expect more legal requests for records and information in the coming months. The move comes as the agency plans to combat concerns regarding tax evasion and establish more inclusive regulatory policies for crypto businesses. Similarly, Britain’s top financial watchdog has disclosed that the agency currently has 50 open crypto-related investigations after opening over 300 cases in 2021.
Today, SanFransisco Tribe brings you the latest headlines covering the world’s largest mainstream payments processor, regulators in the UK banning misleading Floki Inu-rated ads, the return of Binance to Malaysia and updates from Ukraine.
