Regulations
By James Thorp
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International Crackdown Expands. The UK isn't acting alone. Thailand's police announced a joint operation with Interpol on March 27…
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Regulatory Response Builds. The Financial Conduct Authority issued a warning March 25 telling UK consumers to be careful with…
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What Happens Next. The UK plans to set up a task force to monitor compliance and measure the sanctions' impact.
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The UK slammed sanctions on a Southeast Asian crypto scam network Thursday. Seven people and three companies now face asset freezes and travel bans as authorities target what…
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The Treasury's move comes after months of investigation into scams that have cost victims millions.
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Crypto tokens linked to the network dropped 15% within hours of the announcement, per CoinMarketCap data. Trading volumes spiked as investors rushed to dump positions.
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The UK isn't acting alone. Thailand's police announced a joint operation with Interpol on March 27 to trace money flows connected to the sanctioned individuals.
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The National Crime Agency has been working with international partners to track stolen funds.
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Malaysia's Securities Commission reported March 30 that victims there lost over £5 million. The Commission is working with international counterparts to help people get their…
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The Treasury announced March 24 it wants to strengthen rules around crypto transactions. Officials are asking industry groups for input on new regulations designed to close…
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The Bank of England reminded financial institutions March 26 to do thorough checks on crypto transactions.
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The Financial Action Task Force issued a report March 25 about rising crypto fraud in Southeast Asia.
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The UK plans to set up a task force to monitor compliance and measure the sanctions' impact. That group will decide what to do next based on what they find.
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The Blockchain Association of Southeast Asia held an emergency meeting March 29 to discuss the sanctions' implications.
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The United Nations Office on Drugs and Crime expressed support for the UK's actions and is coordinating with Southeast Asian authorities.
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