Thailand SEC Proposes $151K Daily Cap on Stablecoin Transfers

The proposed rules would limit each person's one-way stablecoin transfers to about $151,000 per day through verified accounts.

• Thailand's SEC is proposing a daily transfer cap of approximately $151,000 for stablecoins to mitigate risks like money laundering and cybercrime.
• The proposed regulations mandate that all stablecoin deposits and withdrawals must occur through verified accounts, with exemptions for transfers between regulated operators adhering to the Travel Rule.
• This move aligns with a global trend of increased stablecoin regulation and could influence regional standards for digital asset payments.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, 3 1 securities law classification, 2 1 established hubs, 6 1 ethereum evm l 1 s

Tags: #thailandsec #stablecoin #transfercap #moneylaundering #cybercrime #travelrule #digitalassetpayments #regulatoryoversight #aml

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Spain’s Bit2Me Launches Bit2Shield to Help Police Track and Seize Crypto

Spain’s Bit2Me launches Bit2Shield to help police trace, seize, secure and liquidate crypto linked to criminal investigations.

• Spain's Bit2Me has launched Bit2Shield, a new unit designed to assist law enforcement and judicial authorities in tracing, seizing, securing, and liquidating cryptocurrencies linked to criminal investigations.
• The service will provide specialized tools and expertise for wallet analysis, forensic data extraction, and court-ready reporting, addressing the rise in sophisticated crypto fraud and cybercrime.
• Bit2Shield signifies Bit2Me's expanding role in institutional crypto custody and asset recovery, operating within Spain's regulatory framework and aiming to enhance cooperation between private entities and public authorities in combating digital asset crime.

Topics: Legal regulatory, Infrastructure providers, Blockchain usage, Licensing issuer obligations, Tokenization platforms, Private enterprise ledgers

Tags: #bit2me #bit2shield #cryptotracing #assetseizure #lawenforcement #chainalysis #forensicanalysis #antimoneylaundering #cybercrime #spain

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El FBI y trece países alertan sobre los trabajadores IT de Corea del Norte que roban cripto para financiar armas

El FBI y socios de una docena de países alertaron sobre los trabajadores IT norcoreanos que se infiltran en empresas para robar cripto y financiar armas.

• North Korean IT workers are using fake identities to infiltrate global companies, stealing code, data, and cryptocurrency to fund weapons programs.
• They often demand payment in cryptocurrency or through third-party services, and increasingly use AI to enhance their fraudulent profiles.
• The FBI and international partners are warning companies about these threats, emphasizing the need for robust identity verification in remote hiring.

Topics: Legal regulatory, Infrastructure providers, Blockchain usage, Licensing issuer obligations, Tokenization platforms, Private enterprise ledgers

Tags: #northkorea #itworkers #cybercrime #cryptocurrencytheft #fbi #sanctionsevasion #artificialintelligence #remotework #identityfraud #blockchain

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India’s ITR Season Creates a New Cyber Risk as Crypto Profits Meet Refund Scams

India’s tax-filing rush is colliding with its expanding cryptocurrency market, creating a timely opening for phishing gangs. As taxpayers reconcile exchange records, wallet transfers,

• India's tax season presents a heightened cyber risk as crypto profits are targeted by phishing scams, exploiting the complexity of reconciling digital asset transactions for tax filings.
• Scammers impersonate government entities, offering fake refunds and demanding sensitive information via malicious links or cloned portals, leading to credential theft and financial fraud.
• Taxpayers are urged to exercise extreme caution, verify all communications through official channels, and never share private keys or sensitive financial data to protect themselves from these evolving threats.

Topics: Legal regulatory, Compliance, Blockchain usage, 3 1 securities law classification, 33 1 automated on chain compliance, 33 2 kyc aml frameworks, 6 1 ethereum evm l 1 s

Tags: #indiaitrs #cryptoprofits #phishingscams #taxrefunds #cyberrisk #coindcx #virtualdigitalassets #schedulevda #cybercrime #identityverification

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