BITPRISMIA
Andreessen Horowitz (a16z) advocates for clearer digital asset regulation, particularly opposing the ambiguous 'ancillary asset' definition in the CLARITY Act and supporting a 'digital commodity' framework for better investor protection and innovation.
South Korea's Financial Supervisory Service (FSS) has launched a public awareness campaign to combat crypto scams, aiming to protect investors from financial fraud through education and proactive measures.
South Korean crypto figure 'Jonbur Kim' (real surname Park) was denied bail in a $245 million fraud case involving two fraudulent tokens, PODO and Artube, highlighting severe legal consequences for crypto scams.
Rowland Marcus Andrade, founder of AML Bitcoin, was convicted for defrauding investors of $10 million through a money laundering scheme between 2014 and 2019, highlighting the risks of cryptocurrency scams.
ASIC has issued a warning about unlicensed crypto futures, particularly targeting Bitget for operating without an AFS license, highlighting the extreme risks associated with high-leverage products for Australian investors.
South Korea is implementing new regulations for crypto lending services to protect investors and create a more secure and transparent digital asset market.
The Thailand Securities and Exchange Commission (SEC) has proposed changing the frequency of suitability assessments for digital token investments from quarterly to biennially, aiming to reduce administrative burdens and foster a more robust crypto ecosystem.