News list for "bulletin"
According to a February 20 announcement, the European Central Bank (ECB) is expanding the development of a wholesale central bank digital currency (CBDC) payment system to settle transactions between institutions. The establishment of the new system will be carried out in two phases. First, the CBDC settlement platform will be developed, while the second phase involves deeper integration with existing ECB systems, such as the foreign exchange market. Piero Cipollone, a member of the ECB's execut...
The Supreme People's Procuratorate today announced the comprehensive deepening of procuratorial reform in 2024. It mentioned that it will cooperate with relevant departments to formulate judicial interpretations, improve judicial norms for punishing criminal cases such as securities and futures, money laundering, and endangering tax collection and management, and more effectively punish criminal activities such as illegal transfer of assets overseas using virtual currencies, tax evasion, and fra...
On January 23rd, according to Xiaoxiang Morning News, Changsha Railway Police recently reported that on the G813 train, the police received a report from passengers and seized a man suspected of using virtual currency to launder money on the spot. The suspect Zeng was found in the luggage carrying 560,000 yuan in cash, some of which was consistent with the stolen money in a telecommunications fraud case investigated by Gansu Police. According to the investigation, Zeng was instructed to receive ...
U.S. District Judge Gregory Van Tatenhove sentenced Anurag Pramod Murarka, a 30-year-old Indian national, to 121 months in prison for conspiracy to launder money, according to a Department of Justice announcement. Murarka is a 30-year-old international virtual currency provider operating under two nicknames ("elonmuskwhm" and "la2nyc")...
According to the official announcement of the Department of Justice, Los Angeles police recently cracked a major cryptocurrency theft case. A man who called himself the "godfather of crypto" Adam Iza conspired with a Los Angeles County Sheriff's Deputy Eric Chase Saavedra to commit crimes against multiple victims through intimidation, extortion, and illegally obtaining search warrants. Saavedra uses his police officer's...
The Federal District Court for the Southern District of New York issued a consent order against Gemini Trust Company LLC for providing false or misleading information in violation of the Commodity Exchange Act (CEA). Gemini was ordered to pay a $5 million civil penalty and is subject to a permanent injunction. The case involves that between July and December 2017, Gemini submitted false or undisclosed key information to the CFTC to support the self-certification of bitcoin futures contracts, inc...
The Italian Data Protection Authority (Garante) announced on December 20 that it has fined ChatGPT manufacturer OpenAI 15 million euros (about $15.58 million) after concluding its investigation into the use of personal data by generative artificial intelligence applications. Garante said it found that OpenAI processed users' personal data in order to train ChatGPT without sufficient legal basis, in violation of the principle of transparency and related information obligations to users.
On December 6, according to the press release of the Hong Kong Special Administrative Region Government, Hong Kong today gazetted the Stablecoin Bill to introduce a regulatory regime for fiat currency issuers in Hong Kong. The Bill aims to improve the regulatory framework for virtual asset activities to address the latent risks posed by fiat currency stablecoins to financial stability and ensure...
On September 26th, according to The Block, according to Thursday's announcement, Swiss stock tokenization company Aktionariat AG has entered into a partnership with securities firm Taurus SA. Under the agreement, digital asset infrastructure provider Taurus will provide services for Ethereum-based tokenized shares issued by Aktionariat. In return, Aktionariat will provide its client companies with a way to list on Taurus Digital eXchange (TDX). The partnership project will be launched in Novembe...
On August 25, the joint investigation team found that the mixed transportation of edible vegetable oil by tankers was extremely bad in nature, violated basic common sense, and trampled on the bottom line of morality and the red line of the law. It was a typical illegal act and must be severely cracked down. The joint investigation team found that the transportation enterprise was responsible for management and was subject to administrative penalties in accordance with the Food Safety Law and the...
