Topic
cryptocurrency
Finance RBI Tells Parliamentary Panel Cryptocurrency Difficult to Regulate, Opposes Legalisation
The Reserve Bank of India informed a Parliamentary panel that cryptocurrency is difficult to regulate and poses risks including financing of drug trade and terrorism. The central bank firmly opposes legalisation, while the Institute of Chartered Accountants of India advocates for a comprehensive regulatory framework to harness strategic opportunities.
Finance UK Targets Industrialized Crypto Fraud with Data-Led Enforcement
The UK is overhauling its approach to crypto-enabled fraud, which now accounts for 45% of all crime in the country costing £14 billion annually. A landmark seizure of 61,000 bitcoin worth £5 billion and an innovative public-private operation that froze $12 million in proceeds demonstrate a shift from reactive policing to intelligence-led, collaborative enforcement. For finance executives, the tightening regulatory environment and emphasis on public-private data-sharing signal rising compliance expectations and the need for investment in blockchain analytics.
Technology North Korean Phishing Scheme Targets Developers for Crypto Theft
A North Korean phishing campaign, led by the group UNK_DeadDrop, targets developers with fake job offers to steal cryptocurrency. This operation mirrors tactics used by Lazarus but employs email-based lures and new payloads.