The freezing of Iran-linked funds demonstrates how centralized stablecoin issuers can enforce US sanctions directly on blockchain networks, bypassing traditional banking channels. Over a period of less than three months, US authorities leveraged Tether's ability to control its dollar-pegged USDT token to block roughly $475 million
The Office of Foreign Assets Control (OFAC), the sanctions arm of the US Treasury, targeted multiple cryptocurrency wallets it says are connected to Iran, freezing more than $130 million in digital assets. Treasury Secretary Scott Bessent announced the action, which forms part of Washington's broader campaign to disrupt
The Commodity Futures Trading Commission has asserted its authority over prediction-market platform Kalshi, challenging a Michigan court that ordered the firm to cancel certain trades. As the federal regulator overseeing Kalshi's derivatives activity, the CFTC argued that it was inappropriate for Michigan to "bully" the
China's Supreme People's Procuratorate has released proposals aimed at strengthening the country's ability to prosecute crypto-related money laundering. Under the guidance, the use of privacy tools such as cryptocurrency mixers and privacy coins could be treated as presumptive evidence of an intent to
Under new rules taking effect April 6, 2027, the UK will treat qualifying crypto lending and DeFi liquidity pool transactions as neither a gain nor a loss for tax purposes, resolving a long-standing ambiguity for participants. The change means Capital Gains Tax will no longer be triggered when users
The CLARITY Act aims to establish a comprehensive regulatory framework for US cryptocurrency markets, and the White House is now pushing for its passage before Congress breaks for the August recess. On July 13, President Donald Trump urged lawmakers to approve the legislation, framing it as central to America'
On-chain data shows the U.S. government routed roughly $288 million worth of seized bitcoin and ether through freshly created wallets before depositing the funds on Coinbase Prime, the exchange's institutional trading platform. The assets originated from two separate seizures tied to the Farace case and the
Circle recently secured approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, a regulatory milestone for the stablecoin issuer. However, Japanese investment bank Mizuho reiterated its neutral rating on the company, arguing that the charter does little to resolve deeper business concerns.
The US Department of Justice is moving to dismiss its case against the BitClub Network, an alleged $722 million cryptocurrency mining scheme, before it reaches trial. The reported $722 million figure represents the alleged scale of the scheme rather than any confirmed amount available for victim recovery, leaving those affected
The City of London Corporation is backing a new UK government initiative aimed at exploring how blockchain-based tokenization could reshape domestic financial markets. The taskforce brings together 54 firms, including major institutions such as BlackRock, Goldman Sachs, JPMorgan and Morgan Stanley. Over the next year, the group will focus
Thai financial authorities are intensifying oversight of stablecoin activity as digital assets increasingly feature in cross-border money flows. According to reports, the Bank of Thailand and the country's Securities and Exchange Commission have begun using data analytics tools to scrutinize high-volume and abnormal stablecoin transactions, with
Interpol's global fraud operation has spotlighted a single crypto wallet in Thailand that processed more than $122.5 million, linked to a 20-year-old suspect. The case illustrates how cross-chain token swaps can hinder investigators trying to trace illicit funds across multiple services, assets and jurisdictions.