In its advanced report, the US Securities and Exchange Commission (SEC) penalized Intercontinental Exchange (ICE) for failing to report a cyber attack incident. The ICE received a $10 million fine for breaching the law. The SEC claimed that ICE was hit by a malicious…

The rise of crypto crime has forced law enforcers to explore ways to shield investors from exploitative activities. In a recent report, the South Korean regulators revealed plans to launch a crypto investigative unit to address the financial crimes in the region….

In its official publication, the US Department of Justice (DOJ) filed a motion challenging the plea of Tornado cash developer Roman Storm. Earlier this week, Storm urged the court to dismiss charges of his involvement in the  Tornado Cash.  Storm was indicted…

The Chicago board options exchange parent company Cboe Global Markets has unveiled its restructuring plan. The proposed reorganization plan targets eliminating the existing digital spot market from the Cboe digital arm.  In the upcoming restructuring plan, Cboe will migrate the digital spot…

On Friday, the Taipei District prosecutor accused 32 individuals of involvement in Ace Exchange. The suspected were accused of committing severe crimes of defrauding the investors and engaging in money laundering activities. In the report, the prosecutors proposed that the four primary…

In an official communication, the Securities and Exchange Commission in the Philippines issued directive orders to giant tech firms Google and Apple. The SEC ordered Google and Apple to scrap the Binance application from their app stores.  The directive aimed to safeguard…

The rise in crypto-related crimes has forced the Thai government to take decisive action to restrict the operation of unregistered exchanges. In an April 19 announcement, Thai regulators confirmed that the restrictive measure on noncompliant exchanges addresses money laundering and online crimes. …

With the dynamism in the financial sector, young adults have demonstrated a growing interest in crypto assets. In a recent study by Policygenius Financial Planning Survey, the American Generation Z and millennials have shifted their focus to crypto investment.  The research demonstrated…