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In response to the Hamas attacks on Israel in October, a group of bipartisan US senators has introduced the Terrorism Financing Prevention Act. The legislation aims to tighten regulatory actions against terror groups by countering the use of cryptocurrency for funding purposes.
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In a significant breakthrough in the ongoing legal saga surrounding the founder of Terra Luna, Kwon Do-Hyung, known as Do Kwon, reports indicate that he is set to be extradited to the United States.
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JPMorgan Chase CEO Jamie Dimon has once again expressed his strong opposition to crypto, advocating for a ban on digital assets such as Bitcoin (BTC). During a Senate Banking Committee hearing, Dimon made these remarks in response to questions from Senator Elizabeth Warren.
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According to a recent Reuters report, a senior US regulator has suggested that the $4.3 billion settlement reached with Binance last month may represent a turning point in enforcement actions against cryptocurrency firms.
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According to a Reuters report, the cryptocurrency industry has witnessed a surge in lobbying spending as companies strive to repair their reputations and advocate for favorable legislation.
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Spanish authorities have detained Alejandro Cao de Benos, a Spanish aristocrat, over allegations that he ran a crypto scheme and recruited Ethereum (ETH) researcher Virgil Griffith to help North Korea evade international sanctions.
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Singapore-based cryptocurrency exchange Crypto.com has obtained authorization from the UK’s Financial Conduct Authority (FCA) to act as an electronic money institution (EMI). According to a December 4 announcement, this new license allows Crypto.com to broaden its product offerings in the UK market.
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