ECB Plans Blockchain-Based Payment System for Central Bank Settlements

The ECB is advancing a blockchain-based payment system to facilitate central bank settlements. This initiative seeks to improve financial market efficiency through innovation while ensuring regulatory compliance and maintaining stability in the European financial system.
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ByBit Fraudster Ho Kai Xin Gets Almost Decade Behind Bars For Massive Scheme

Ho Kai Xin, a former Wechain FinTech employee, received a nearly decade-long prison sentence for defrauding ByBit of $4M. Exploiting her payroll oversight role, she diverted funds into personal accounts, funding luxury purchases before her scheme was exposed in 2022.
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SEC Unveils CETU to Combat Fraud in Crypto and Emerging Technologies

The SEC has introduced the Cyber and Emerging Technologies Unit (CETU), replacing the Crypto Assets and Cyber Unit to enhance enforcement against fraud in AI, blockchain, and social media-driven schemes.
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