Japan’s Ministry of Justice intends to amend its asset forfeiture law to allow law enforcement to seize cryptocurrencies associated with criminal activity. According to local media, the Japanese authorities are about to revise the Organized Crime and Proceeds of Crime Control Act of 1999. A provision will be added to it explaining in which cases crypto assets can be confiscated. This will allow law enforcement agencies and courts to take control of digital assets stolen

The U.S. Commodity Futures Trading Commission (CFTC) filed a complaint against Gemini Trust Company in the District Court for the Southern District of New York. The regulator alleges that from around July to December 2017, the company misled the regulator in an attempt to gain approval for its bitcoin futures product. The Gemini product was launched in late 2017 with Cboe Global Markets. The specifics of the product was that the bitcoin contract had to

The Minister of Economy and Labor of Bermuda promised that in connection with the collapse of Terra, new rules for regulating digital assets will be quickly developed. Jason Hayward, in an interview, expressed the opinion that the fall of the cryptocurrency market is not an unfavorable event. It can help islands become a magnet for investors in digital assets: “We are aware of the recent drop in crypto prices and remain confident that this does

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

Cryptocurrency exchange OKX has become the main sponsor of the Tribeca Film Festival for the next three years. During this period, OKX will educate filmmakers on the benefits of cryptocurrencies and Web3 technology. As part of this agreement, OKX will co-finance the production of films intended to be shown in the metaverse, as well as providing film industry actors with the opportunity to receive payment for their work in cryptocurrency. At the Tribeca Film Festival,

Analysts at Economist Impact believe that more and more investors see digital currencies as a useful tool for portfolio diversification. The Economist magazine published the results of a study on the degree of consumer confidence in digital payments and on the barriers that prevent the transfer of their funds into digital assets. The report compares the trends of previous surveys on the same topic in 2020 and 2021. The study involved 3,000 respondents, half of

Goldman Sachs and other Wall Street banks are looking to expand their presence in the crypto space through a partnership with FTX. The investment bank plans to integrate leveraged derivatives trading, Barron’s writes, citing its sources. The cooperation between FTX and Goldman Sachs should bring to the bank such advantages as direct trading in futures, access to the user base of the crypto exchange, replenishment of the capital of the bank’s clients. Recall that at

KuCoin cryptocurrency exchange expands its presence in the Web3 ecosystem with the KuCoin Wallet decentralized platform. The wallet platform is currently only available for the browser, however, as the company promises, a mobile application is already in development and will be launched in June. The platform connects to the KuCoin ecosystem and provides cross-cloud integration. Exchange customers will be able to buy, sell, exchange and send all major digital currencies, including bitcoin (BTC), ether (ETH)

The UK Treasury plans to empower the Financial Market Infrastructure Supervisor (FMI SAR) to oversee the safe return of funds in the event of a stablecoin crash. HM Treasury has proposed a new set of regulatory changes for the stablecoin industry. The report highlights the importance of this type of digital asset in innovation and notes the ability to influence financial stability in the event of systemic failures. The Treasury has proposed making the FMI

Community members of the failed Terra project have identified an exploit that threatens liquidity pools and forced the developers to disable the ability to use mBTC, mETH, mGLXY and mDOT as collateral. Two days after the launch of the updated Terra 2.0, a user named Mirroruser informed the community about an exploit he had discovered, potentially threatening to restart the entire project. According to his observations, a targeted attack is being carried out against the