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ajnesac

@ajnesac

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ajnesac
@ajnesac
First time in New Zealand. The scenery is absolutely breathtaking everywhere. Photos don’t do it justice.
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ajnesac
@ajnesac
Nothing beats a proper caffè latte! The Italian way or no way. Cheers!
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ajnesac
@ajnesac
“So Tether will likely be outlawed or treated differently compared to other US stablecoins. They are lobbying for this,” one commentator wrote.
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ajnesac
@ajnesac
On Feb. 25, onchain data confirmed that Bybit had returned the borrowed 40,000 ETH to Bitget. The repayment was later verified by Bitget CEO Gracy Chen, who emphasized that the loan was extended without interest or collateral:
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ajnesac
@ajnesac
Following the hack, the value of Bybit’s total assets fell by over $5.3 billion, including the $1.4 billion lost to the hack, DefiLlama data shows.
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@sacuon7ni
The SFC also advised regulators to show agility in “updating legacy rules” to accommodate tokenized securities and other hybrid models while ensuring core regulatory adherence to innovations in smart contracts and decentralized platforms.
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sonsnv9
@sonsnv9
According to the report, residents of sanctioned jurisdictions like Iran turned to cryptocurrency amid restrictive economic environments. As a result, Iranian centralized exchanges (CEXs) recorded a surge in both usage and outflows, “with transaction patterns suggesting capital flight.”
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@sacuon7ni
Parallel to the SFC announcement, Hong Kong’s financial secretary, Paul Chan Mo-po, assured Hong Kong would “remain a stable, open and vibrant market for digital assets” in a keynote address at Consensus 2025.
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@ahailam7vaa
The report also linked various other unlicensed Russian crypto exchanges and sanctioned entities to aid the alleged laundering of millions of dollars worth of illicit funds.
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@lottamm8v
“The measurable decline in exchange interactions with Iranian services speaks to the tangible impact of compliance measures in limiting exposure to sanctioned jurisdictions.” the report said.
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nahtyn72
@nahtyn72
The new roadmap involves 12 initiatives spread across five broad categories, which include providing market access, optimizing compliance and frameworks and improving blockchain efficiency.
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olihajsa
@olihajsa
“The very tight range in which you’re trading just doesn’t look natural at all,” Mow added.
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sonsnv9
@sonsnv9
In 2024, OFAC’s crypto-related sanctions moved beyond individuals and small groups to target the financial infrastructure supporting illicit activity, as shown in the graph below:
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@sacuon7ni
He also said that the region is investing heavily in virtual asset-related infrastructure and talent development.
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ahailam7vaa
@ahailam7vaa
Despite an increase in non-Know Your Customer (KYC) crypto exchanges, the sanctions enforcement resulted in an overall decline in inflows. The report states:
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havilo71
@havilo71
“It doesn’t help that the SEC appears to be washing their hands of memecoins,” Puckrin said, adding:
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havilo71
@havilo71
Puckrin mentioned that he’s a major proponent of the original model of initial coin offerings (ICO), which has been effectively abandoned for years due to the SEC’s crackdowns.
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havilo71
@havilo71
“The current meta of memecoin grifting is a direct result of the historical failure and corruption of Gary Gensler’s SEC,” Chainlink proponent Zach Rynes wrote on X on Feb. 17.
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havilo71
@havilo71
Puckrin isn’t alone in urging regulators to take responsibility for the surge of fraudulent memecoins.
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ajnesac
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“Instead of helping the crypto industry navigate the complex regulatory environment by issuing no-action letters, creating new rules and exceptions, Gensler engaged in politically-motivated attacks and unfair prosecutions against the crypto industry’s best actors,” Rynes stated.
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