Features Crypto News by Thebittimes.Com

Crypto-focused legal firm Burwick Law has teased the launch of another 15-20 investigations, adding to its 60+ ongoing investigations into the likes of Hawk, Libra, and Pump Fun.    Of these investigations, at least 11 have become individual and class action lawsuits, including actions against Libra, Pump Fun (aka Baton Corp), promoters of Hawk, Game of Silks, Meta Eagle Club, Jenner, Eden Gallery, Midnight Hub and Roooms.TV, and STAKX.  On top of these, tokens including dogwifhat (WIF), Vine (VINE), and Just a Chill Guy (CHILLGUY) are currently under scrutiny by Burwick Law. Of Burwick Law’s 60+ investigations, at least 11 have become individual and class action lawsuits. Read more: Burwick Law founder likely behind Pump Fun memecoin, report At the heart of many of these lawsuits is the memecoin platform Pump Fun. Burwick Law accuses the platform of facilitating “pump-and-dump” schemes and making half a billion dollars through the sale of “highly-volatile un...

1. South Korea’s Crypto News This Week 1.1 South Korea’s Financial Services Commission Plans to Establish Virtual Asset Committee This Month and Hold First Meeting link The South Korean Virtual Assets Committee is set to be established this month, with its first meeting expected to take place shortly thereafter. This committee, formed by the Financial Services Commission (FSC) under the Virtual Asset User Protection Act that came into effect in July, will serve as a policy advisory body. Once established, it will address key issues such as the approval of virtual asset spot ETFs and corporate investments in virtual assets. 1.2 South Korea’s Financial Supervisory Service Investigates Bithumb for Abnormal Cryptocurrency Transactions link Lee Bok-hyun, head of South Korea’s Financial Supervisory Service, announced during a parliamentary committee meeting that regulators are investigating suspicious cryptocurrency trading activity on the Bithumb exchange. The investigation is focusing on t...

Europe an institutions have reached an interim Consensus on a set of EU Regulations that will burden Crypto companies with the obligation to help prevent money laundering , among other illicit activities potentially involving digital assets. The progress comes as the Union seeks to comprehensively regulate the continent’s Crypto currency market. EU Officials and Lawmakers Agree on AML Measures in Crypto Space Negotiators representing the key participants in the EU’s decision-making process have reached an agreement on anti-money laundering (AML) rules that will require businesses in the crypto industry to verify the identities of their customers and report suspicious transactions. In the future, Europe’s Transfer of Funds Regulation (ToFR) will also cover cryptocurrency transactions. The regulations are yet to be finalized and approved by the relevant European institutions but the provisional deal signals an upcoming tightening for the sector. Crypto firms w...