Tuesday, July 8, 2025
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Policy & Regulation

$20M Crypto Romance Scam: Lawsuit Targets Banks for Negligent Monitoring

Landmark lawsuit accuses banks of enabling pig butchering scams through negligent monitoring—potentially reshaping financial accountability.

World App Rolls Out ZK-Proof Age Verification for Privacy-First Compliance

World App introduces Zero-Knowledge Proofs for age verification, balancing privacy with regulatory compliance.
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IMF Warns of Stablecoin Definition Chaos: Urges Global ‘Currency’ Classification

The IMF warns of the regulatory chaos surrounding stablecoins and calls for clear, global definitions and regulations to ensure financial stability.

South Korea Restricts Stablecoin Issuance to Banks: Cites $19.5B Capital Flight Risks

South Korea is restricting stablecoin issuance to banks to combat $19.5B in capital flight, shaping the future of digital currencies.

U.S. Fed Drops ‘Reputational Risk’ Assessments: A Turning Point for Crypto Banking Access

The U.S. Federal Reserve’s decision to remove 'reputational risk' is changing the banking landscape for cryptocurrency firms.

Japan FSA Proposes 20% Flat Tax on Crypto Gains, Reclassifies as Financial Assets

Japan is embracing cryptocurrency with new regulations aimed at enhancing investor confidence and stimulating market growth.

Turkey Caps Stablecoin Transactions at $1K/Day, Mandates KYC Data Sharing: What It Means for Crypto Users and Platforms

Turkey's new crypto regulations bring stability, secure transactions, and enhanced user compliance, shaping the future of its digital market.

Norway Proposes Bitcoin Mining Ban Over Grid Strain: Autumn Vote Scheduled

Norway's Bitcoin mining ban aims to balance energy consumption with sustainable development goals, reflecting global energy challenges.