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OFAC sanctions OTC traders who converted crypto for North Korea’s Lazarus group

U.S. law enforcement has identified three individuals who handled stolen crypto and fiat for the benefit of North Korea.

Pan-European crypto regulation is almost here: Law Decoded, Apr 17–24

The Markets in Crypto-Assets Act, also known as MiCA, was finally passed by the European Parliament.

OpenAI’s CTO says government regulators should be ‘very involved’ in regulating AI

The executive recently sounded off about government regulators, the “pause” letter, and how close the company is to reaching artificial general intelligence.

China to expand CBDC use case for Belt and Road Initiative

China was one of the first nations to start working on its CBDCs. However, despite the completion of its development, the government is yet to officially launch the CBDC.

LUNA is not a security, South Korean court rules in Terra co-founder’s case

The court says that It is difficult to see the Luna token as a financial investment product regulated by the Capital Markets Act.

US Treasury seeks to tighten nonbank rules following banking crisis

Janet Yellen called for further regulation of nonbank institutions claiming they pose a systemic risk to U.S. financial stability.

Bank of Korea given right to investigate local crypto firms: Report

The South Korean central bank will be able to access crypto transaction data from exchanges operating in the country.

SEC wins $2.8M in suit over alleged crypto token price manipulation

Hydrogen Technology Corp. and its former CEO will pay $2.8 million in fines and remedies for allegedly operating a price manipulation scheme.

Chinese city public servants to receive digital RMB salaries from May

Civil servants including public service personnel, public institution personnel and personnel of state-owned units at all levels in the city will be compensated in digital RMB payment.

Biden's comms director barred from former crypto clients: Report

Decentralized exchange UniSwap and venture capital firm Andressen Horowitz were revealed as former clients of LaBolt in a recently published public financial disclosure report.

SBF’s lawyers unable to tap his parent’s phones to meet bail conditions

The new cell phones purchased for Bankman-Fried's parents cannot "automatically photograph the device's users every five minutes as required by the Order," according to a recent court filing.

Musk hints at suing Microsoft, US Rep. wants Gensler fired, and more: Hodler’s Digest, April 16-22

Elon Musk suggests suing Microsoft, congressman plans bill to remove Gary Gensler, and Societe Generale launches euro-pegged stablecoin.

SafeMoon hacker agrees to return 80% of stolen funds: Finance Redefined

SafeMoon hacker said the exploit wasn't intentional plans to return majority of the exploited funds.

Do Kwon lawyers reportedly dismiss SEC's securities fraud allegation

Kwon's lawyers claimed that the SEC failed to prove the alleged defrauding of US investors in connection with Terra’s $40 billion collapse of TerraUSD (UST) and Luna (LUNA).

Former US Secret Service Asst. Director: Keep personal info of FTX users private

Jeremy Sheridan claimed FTX users could become the targets of physical harm as well as attacks through online scams if their information was disclosed.

Innovate some compliance mechanisms, US Treasury official tells DeFi community

Assistant Treasury Secretary Elizabeth Rosenberg said the Treasury was enhancing its regulatory regime and DeFi should program in some compliance.

Crypto Biz: EU looks under the hood of Big Tech algorithms, Musk’s TruthGPT and more

This week’s Crypto Biz explores the fast-growing AI market, MicroStrategy’s integration with Bitcoin Lightning Network, and Microsoft's efforts to power AI development.

Lack of regulatory clarity on payment solutions could undermine US sanctions, says expert

Anja Manuel said U.S. sanctions generally work with “responsible” blockchain firms but not when there are fintech solutions available to individuals looking to circumvent them.

Solana launches emissions dashboard to spur blockchain carbon footprint transparency

The Solana Foundation has launched a real-time carbon emissions tracker to monitor the Solana blockchain.

The future of crypto taxes: Understanding the ever-changing landscape

Crypto taxation remains to be a controversial space, though some transparency is expected.

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