Criminals have moved away from using Bitcoin for money laundering, with stablecoins emerging as an alternative due to accessibility.
Vermont issued the investor alert after a 74-year-old man lost his life savings of over $340,000 in a crypto fraud orchestrated over Instagram and Telegram.
The platform, monitored by local regulators, will be the only space in the country where the legal exchange of digital assets is allowed.
Perpetrators have impersonated delivery drivers in order to break into the homes of victims to steal cryptocurrency.
The British government may impose tighter freedom of speech protections on banking permits following a public dispute between Nigel Farage and Coutts bank.
Coin Center said the bill was unconstitutional, while the Blockchain Association called it incompatible with blockchain technology.
The House Agriculture and Financial Services Committees have been working together all year on a bill to rival Lummis and Gillibrand’s Responsible Financial Innovation Act.
The money was intended to add to Bankman-Fried’s political influence and goodwill and did not benefit FTX or Alameda Research.
According to the FCA, the sandbox will be open to businesses, startups and data providers, including those involved in banking, investment, lending and payments.
New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling.