Thursday, November 30 - Top Crypto News

Nov 30, 2023 · 3m 30s
Thursday, November 30 - Top Crypto News
Description

The US Treasury's OFAC has sanctioned cryptocurrency mixer Sinbad for alleged money laundering activities linked to North Korea's Lazarus Group. Meanwhile, the BIS Innovation Hub introduces Project Tourbillon, showcasing two...

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The US Treasury's OFAC has sanctioned cryptocurrency mixer Sinbad for alleged money laundering activities linked to North Korea's Lazarus Group. Meanwhile, the BIS Innovation Hub introduces Project Tourbillon, showcasing two CBDC prototypes focusing on privacy and security. In the UK, HMRC warns crypto users to declare and pay taxes on digital assets, aligning with the global trend of regulating digital assets. The Philippines SEC cautions against Binance's unlicensed operations in the country, reflecting the ongoing regulatory challenges faced by the exchange. Paxos, on the other hand, receives provisional approvals to expand its stablecoin operations in Abu Dhabi, emphasizing regulatory compliance in the growing market of regulated digital assets.
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Information
Author Giacomo Arcaro
Organization Giacomo Arcaro
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