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Bank of England Pushes for Swift Digital Payment Solutions as Cash Usage Drops

The Bank of England (BOE) is urging UK banks to expedite their digital payment solutions as cash use declines. The BOE’s recent paper highlights the need for innovations that allow…

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Slovenia Launches First Digital Bond in EU Sovereign History

On July 25, 2024, Slovenia issued its first digital bond, marking a significant milestone as the first EU sovereign and one of the earliest worldwide to do so. The bond…

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Hong Kong Regulator Warns Against Proxinex for Suspected Virtual Asset Fraud

The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning regarding Proxinex, an entity suspected of virtual asset-related fraud. Investors have encountered issues withdrawing virtual assets…

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Treasury Secretary Yellen Refutes Economist Nouriel Roubini’s Allegations of Financial Manipulation

U.S. Treasury Secretary Janet Yellen has denied claims by economist Nouriel Roubini and former Trump administration official Stephen Miran that the Treasury manipulated the issuance of securities to lower real…

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Georgia Man Sentenced to Prison for Cryptocurrency Computer Fraud

Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S. prison for wire fraud after defrauding over 40 customers in a cryptocurrency computer scheme. Drawdy, who…

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Washington Regulator Warns of Miami Equity Fund 005 Crypto Fraud

The Washington State Department of Financial Institutions (DFI), Securities Division, has warned about crypto investment fraud following a complaint from a resident regarding their investment in the Miami Foundation Equity…

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SBI and Franklin Templeton Collaborate to Create Digital Asset Management Firm

Japan’s SBI Holdings plans to create a new investment management company in collaboration with major U.S. asset manager Franklin Templeton by the end of the year. This joint venture will…

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