UK Govt-Backed Report Urges Firms to Execute Tokenization Strategies
The Technology Working Group’s report says firms need to be able to settle transfers on the blockchain via digital money and that funds should be allowed to hold tokenized assets.
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North Korean Hackers Lazarus Group Stolen $3B in Cryptocurrency
The hacker group stole the funds over the last six years, which was likely used to fund the country’s projects, a report said.
Bitcoin Group Addressing ‘Serious Deficits’ in Money Laundering Measures Flagged by German Regulator
The group reportedly said Wednesday that it has “no indications of violations of money laundering and terrorist financing laws.”
UK Regulator Welcomes Fund Tokenization Plan Proposed by Industry Leaders
The Financial Conduct Authority (FCA) is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, the report said.
FTX Bankruptcy Estate Sues Sam Bankman-Fried’s Parents, Joseph and Barbara, to Claw Back ‘Misappropriated Funds’
The filing, redacted in parts, asks the court to award the FTX estate damages, the return of any property given or payment made to the parents.