Thailand Offers $1B Tax Break for Firms Issuing Investment Tokens: Reuters
The waiving of corporation and sales taxes targets companies that issue digital tokens for investment Original Source
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Reuters
Former FTX Engineering Director Nishad Singh Pleads Guilty to Criminal Charges: Reuters
In a statement, Singh's lawyers said, “Nishad is deeply sorry for his role in this and has accepted responsibility for his actions. He wants to do everything he can to make things right for victims, including by assisting the government to the best of his ability in this case.” Original Source
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Binance Moved Funds From US Affiliate’s Silvergate Bank Account in 2021: Reuters
According to the report, Binance moved the funds between January and March 2021 from BAM Trading's Silvergate Account. BAM Trading is the name of the entity operating Binance US. Merit Peak is a trading firm that the U.S. Securities and Exchange Commission (SEC) is investigating over its ties to Binance. Original
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Regulator NYDFS Says Paxos Didn’t Administer Binance USD in ‘Safe and Sound’ Manner: Reuters
Paxos "violated its obligation to conduct tailored, periodic risk assessments and due diligence refreshes of Binance and Paxos-issued BUSD customers to prevent bad actors from using the platform," a spokesman with the regulator told Reuters, saying the token wasn’t being administered in a “safe and sound” manner. Source
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Former Coinbase Manager Pleads Guilty to Insider Trading Charges: Reuters
Wahi had previously pleaded not guilty to federal charges of insider trading. Original Source
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North Korea Crypto Theft Hit Record High Last Year, UN Says: Reuters
The estimated value of stolen crypto asset ranges from $630 million to more than $1 billion. Original Source
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Binance Handled $346M In Bitcoin Transactions For Russian Exchange Bitzlato: Reuters
Summary: Binance processed 205,000 transactions between May 2018 and January 2023, per a Chainlysis report from Tuesday.The leading crypto exchange also reportedly facilitated $90 million in BTC trading volume for Bitzlato post-August 2021, after announcing plans to beef up anti-money laundering checks.Bitzlato is under investigation by the U.S. Justice Department
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Binance Processed Nearly $346M of Bitcoin Trades for Crypto Exchange Bitzlato: Reuters
The world's largest crypto exchange by trade volume, Binance, according to the story, did 205,000 transactions with Bitzlato between May 2018 and its closure last week after the U.S. Department of Justice (DOJ) charged it and its founder with money laundering. Source
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Hong Kong to Propose Approved Set of Crypto Tokens for Retail Trading: Reuters
Hong Kong's virtual asset service provider regime will be focused on investor protection, the importance of which was hammered home by the collapse of FTX in November last year, according to Leung. The now bankrupt crypto exchange was once headquartered in Hong Kong. Source
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Binance.US Cleared to Buy Crypto Lender Voyager Out of Bankruptcy: Reuters
The exchange agreed in December to purchase the company after Voyager's deal with Sam Bankman-Fried's FTX fizzled. Source
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