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Enforcement goes on with Bitzlato action: Law Decoded, Jan. 16–23

Anatoly Legkodymov, founder of China-based crypto firm Bitzlato, was arrested under suspicion of money laundering related to illicit Russian finance.

South Africa adds new cryptocurrency standards to advertising code

Cryptocurrency products and services feature in a new clause in South Africa’s code of advertising practice introduced by the Advertising Regulatory Board.

Aussie execs refute ‘argument’ to treat crypto as financial products

The Australian Minister for Financial Services said there was a “good argument” to treat crypto as financial products in an interview on Jan. 22.

Former SEC chief blasts ‘bogus’ catchphrase: ‘Regulation by enforcement’

Lawyer and former SEC official John Reed Stark came out in defense of the SEC’s enforcement efforts in the crypto space.

Central African Republic eyes legal framework for crypto adoption

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in Central African Republic and expedite the development of the national economy.

Going cashless: Norway's digital currency project raises privacy questions

At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Besu.

FTX VCs liable to ‘serious questions’ around due diligence — CFTC Commissioner

The lack of recordkeeping of FTX coupled with “an auditor no one’s ever heard of” forces the CFTC to ask questions about the mindset of the institutional investors.

SBF to forfeit $700M worth of assets if found guilty of fraud

While most of SBF’s have been seized, Federal prosecutor Damian Williams outlined that the government is also looking to take control of three of his affiliated Binance accounts.

Crypto to play 'major role' in UAE trade: foreign trade Minister

UAE’s minister of state for foreign trade Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector, the UAE now needs to roll out the correct regulation to support further growth.

Stellar joins CFTC’s Global Markets Advisory Committee as one of four crypto orgs

Stellar chief operating officer Jason Chlipala said the foundation would bring the unique perspective of Layer 1 to the committee and highlight stablecoin use cases.

SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto

The SEC has accused Avraham Eisenberg of manipulating the Mango Markets platform by manipulating the MNGO token, which the company allegedly sold as a security.

FTX bankruptcy lawyer: debtors face 'assault by Twitter' stemming from Sam Bankman-Fried

The judge ruled there were no potential conflicts of interest sufficient to stop Sullivan & Cromwell from continuing to act as the debtors' counsel.

Bybit CEO offers clarity on exposure to Genesis, but community demands more

The community questioned Bybit’s timing in revealing their exposure now and many demanded proof to back up the reassurance from the CEO.

FTX reboot could falter due to long-broken user trust, say observers

Crypto industry observers have questioned whether customers or investors will ever want to "come near" FTX again.

Ransom refusals hit attackers where it hurts: 40% revenue drop in 2022 — Chainalysis

A number of industry pundits believe the U.S. Office of Foreign Assets Control’s threat to impose sanctions has victims thinking twice about paying up.

Daring drive-by at SBF’s: 3 men drove into barricade and fled: Lawyers

The lawyer’s didn’t specify the date or time at which the incident took place, and claimed the security personnel were unable to get the license plate details.

Former FTX chief lawyer claims US legal counsel channeled business to S&C

The former chief regulatory officer of FTX has supported a motion that would stop FTX from using Sullivan & Cromwell LLC as its lead bankruptcy counsel.

Nexo agrees to $45M settlement with SEC and NASAA over earn product

The crypto lender didn't categorically admit or deny the findings from the SEC's investigation despite agreeing to the settlement.

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