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Google said it's implementing a new policy requiring developers of cryptocurrency exchanges and wallets to obtain government licenses before publishing apps in 15 jurisdictions in order to "ensure a safe and compliant ecosystem for users." The policy applies to markets like Bahrain, Canada, Hong Kong, Indonesia, Israel, Japan, the Philippines, South Africa, South Korea, Switzerland, Thailand,

The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) has levied sanctions against a Philippines-based company named Funnull Technology Inc. and its administrator Liu Lizhi for providing infrastructure to conduct romance baiting scams that led to massive cryptocurrency losses

Bank Info Security 2 years, 4 months ago

Cryptohack Roundup: Crypto Losses

Also: Bitcoin Fog; EU's Sanctions Violation LawThis week, amounts for crypto and phishing losses were released, the Bitcoin Fog operator was convicted, the EU approved rules to strengthen sanctions, the federal government sought to recover losses linked to pig butchering, and the Philippines blocked unlicensed crypto websites.

Yes, that’s a lot to digest: the core of it is an allegation that Marshall Islands legislators were bribed to make it possible About halfway between The Philippines and Hawaii is a place called Rongelap Atoll that’s infamous for having been unintentionally irradiated after 1954 nuclear weapons test conducted by the USA at nearby Bikini Atoll.…

Plus: Weibo cracks down on political puns; Singaporean crypto biz Vauld restructures; Philippines fights Facebook rumors Asia In Brief Senior execs from Alibaba Cloud were summoned to discuss the data leak that saw information pertaining to a billion Chinese citizens sold on the dark web, according to Nikkei and The Wall Street Journal.…