Topic: #compliance
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Tether Freezes $1.4M USDT in 131 TRON Wallets Linked to ISIS-K
Tether froze over $1.4 million in USDT across 131 TRON wallets designated by the US Treasury as linked to ISIS-K, acting within hours of the sanctions order. The action underscores stablecoin issuers' role in enforcing global financial compliance.
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Australia's crypto travel rule takes effect July 1 with no minimum threshold
Australia's crypto travel rule came into force on July 1, requiring exchanges to collect additional information on all outgoing and incoming transfers, aligning the country with similar rules in the EU, US, and UK.
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Japan's prediction markets use loyalty points to sidestep gambling laws
Japanese startups are building prediction markets using redeemable points instead of cryptocurrency to comply with local gambling laws, positioning themselves as alternatives to Polymarket while Polymarket itself targets government authorization by 2030.
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CoinEx denies knowingly aiding Iran's crypto market despite $3.84B flow
TRM Labs reported that over $3.84 billion has flowed between CoinEx and more than 60 Iranian platforms, with the Seychelles exchange serving as the "single biggest lifeline" for Iran's crypto ecosystem. CoinEx rejected the allegations, saying it operates as a neutral global exchange with no state ties.
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Former Citigroup Director Sues Over Trump Account Retaliation
A former Citigroup managing director sued the bank in Brooklyn federal court, alleging she was fired after raising compliance concerns about a proposed account structure linked to Donald Trump designed to reduce internal oversight.
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China's CAC tightens financial data rules, restricts cross-border transfers
China's Cyberspace Administration released new data classification rules for financial entities on June 13, requiring banks, insurers, and market data providers to categorize information by risk level and restrict cross-border transfers of sensitive data.
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CFTC Chief Selig: US Crypto Regulatory Overhaul Targets Global Leadership
CFTC Chairman Michael Selig outlined a strategic shift in US crypto regulation, moving from enforcement-heavy tactics to modernized frameworks designed to attract legitimate markets and police fraud rather than minor violations.
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Iran asserts right to self-defense after US strikes on radar facilities
Iran's Foreign Ministry condemned US military strikes on June 6-7 targeting radar and surveillance facilities as a ceasefire violation, asserting its right to respond. The incident escalates tensions over Strait of Hormuz security and complicates cryptocurrency compliance amid expanded US sanctions on Iranian digital asset exchanges.
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Crypto Compliance Tightens, but Indirect Monitoring Gap Persists
Around 47% of crypto organizations onboarded in 2026 are operating at compliance standards that would have ranked among the industry's strictest five years ago, yet gaps in indirect monitoring persist, creating openings for illicit actors.
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US Treasury removes 80 outdated names from OFAC sanctions blacklist
The US Treasury Department removed approximately 80 names from its Specially Designated Nationals list, targeting deceased individuals and defunct companies. Treasury Secretary Scott Bessent framed the action as refocusing OFAC resources on active threats, particularly Iran's financing networks.