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Brazil’s Public Prosecutor’s Office (MPF) explained that this prohibition stemmed from the pseudonymous trait of cryptocurrency, as each donation must be identified, and this requirement could be very difficult to complete with the use of these tools. Brazil’s Prosecutor’s Office Reiterates Ban on Crypto Political Donations Ahead of Presidential Election As the general elections get … Read more
Rosen Law Firm announced this week that the business is investigating potential securities claims against Strategy Inc. and Executive Chairman Michael Saylor, as the company’s stock hit a 52-week low on Thursday and its flagship preferred shares collapsed to record lows. The New York-based plaintiff firm is soliciting investors who purchased Strategy securities, including MSTR … Read more
Hu Shi, linked to the Prince Group activities in Japan, was arrested on June 14 after being suspected of falsifying public records. Japanese police have linked Hu to Prince Group, an organization that managed one of the largest pig butchering scam centers in Cambodia. Cyprus National Tied To Prince Group Arrested in Japan Hu Shi, … Read more
The Bank of England has published its final policy positions and draft rules for systemic stablecoins, softening parts of its earlier proposal. The central bank dropped individual holding caps and instead proposed a temporary $52.9 billion (£40 billion) issuance limit for each systemic stablecoin. Bank of England Revises Stablecoin Rules to Support Growth The Bank … Read more
The Consumer Technology Association, which represents more than 1,200 technology companies, urged Senate leaders to advance the CLARITY Act as digital asset developers face uncertainty over federal oversight. CTA Calls for Swift Senate Action on CLARITY Act The Consumer Technology Association (CTA) urged Senate leadership to advance the CLARITY Act as policymakers continue debating the … Read more
Ireland has launched a National Risk Assessment and a 30-point action plan to combat money laundering, terrorist financing, and sophisticated financial crime. Targeting Digital Assets and Crypto Loopholes Ireland announced a sweeping crackdown on financial crime on June 18, unveiling a national strategy that places a major emphasis on targeting the misuse of cryptocurrency and … Read more