Round-the-clock breaking news from Malaysia.
The Financial Action Task Force has warned that organised crime groups are exploiting weaknesses in cryptocurrency regulation to launder billions of dollars in illicit proceeds, with stablecoins becoming an increasingly sophisticated laundering tool.
Paul Grewal, Coinbase's chief legal officer and architect of the crypto industry's Washington strategy, is departing after six years. His successor and a new corporate affairs head signal the exchange's shift toward expansion and global stakeholder management.
Malaysian authorities have dismantled illegal cryptocurrency mining operations across the country, confiscating 75,578 machines and arresting 629 people through 3,049 raids since January 2022.
Cryptocurrency companies have invested $189 million in the 2026 US midterm elections, far exceeding their 2024 spending and establishing the sector as the top corporate political donor, according to Public Citizen.
Ionic Digital, a cryptocurrency mining and artificial intelligence infrastructure company formed from bankrupt lender Celsius's assets, has filed for a direct listing on Nasdaq under ticker symbol IOND.