1. China’s former Vice Finance Minister Zhu Guangyao calls for attention to the research on the development of cryptocurrencies
According to Ruijian Economy, the 2024 Tsinghua PBC Chief Economist Forum was held in Beijing on September 28. Zhu Guangyao, former vice minister of the Ministry of Finance, attended and delivered a speech. Zhu Guangyao called for attention to the development of cryptocurrency, "It does have a negative impact, and we must fully recognize its risks and harm to the capital market, but we must study the latest changes and policy adjustments internationally, because it is a crucial aspect for the development of the digital economy." At the same time, Zhu Guangyao also mentioned the change in the United States' attitude towards cryptocurrency, emphasizing the process of the United States from opposing cryptocurrency to embracing cryptocurrency.
2. Tether assisted the U.S. Department of Justice in seizing more than $6 million in assets from a Southeast Asian crypto trust fraud project
Tether has assisted the U.S. Department of Justice in seizing more than $6 million in assets from a Southeast Asian crypto trust fraud project that deceived users by imitating legitimate platforms. Tether froze the relevant assets and helped the U.S. Department of Justice to quickly recover the funds. The U.S. Attorney's Office in Washington, D.C. publicly acknowledged that Tether provided assistance. Tether said that to date, the company has assisted more than 180 law enforcement agencies in 45 jurisdictions to freeze more than $1.8 billion worth of USDT, redistributed more than $128 million in USDT to legitimate owners and law enforcement agencies, and voluntarily frozen more than 1,850 wallets related to illegal activities.
3. Canadian Securities Administrators extend deadline for cryptocurrency trading platforms to comply with stablecoin regulations
According to Cointelegraph, the Canadian Securities Administrators (CSA) has extended the deadline for cryptocurrency trading platforms to comply with stablecoin regulations. The deadline has now been postponed to December 31. The purpose of the extension is to give cryptocurrency trading platforms more time to comply with the terms and conditions. After December 31, cryptocurrency trading platforms will only be allowed to trade cryptocurrency assets that meet their registration conditions.
4. Mango DAO settles with SEC after being accused of illegally selling “unregistered securities”
According to The block, Mango DAO agreed to settle with the U.S. Securities and Exchange Commission (SEC) after being accused of illegally selling MNGO tokens. Mango Labs, Mango DAO and Blockworks Foundation agreed to settle the charges and pay a total of $700,000 in fines. The three companies also agreed to destroy their MNGO tokens.
According to the SEC’s complaint, starting in August 2021, Mango DAO, a purported DAO, and the Panamanian entity Blockworks Foundation raised more than $70 million from hundreds of investors around the world, including in the United States, through unregistered offers and sales of MNGO tokens, the purported governance tokens of the Mango Markets platform. Since at least August 2021, Blockworks Foundation and Mango Labs have each operated as unregistered broker-dealers, actively soliciting and recruiting Mango Markets users to trade securities; providing advice and valuations on the merits of securities investments; and helping to facilitate securities trading on the Mango Markets platform by assisting clients in opening accounts and regularly processing client funds and securities.
5. Bolivian Central Bank reports: Cryptocurrency trading volume has increased by 100% since the lifting of the Bitcoin ban
According to Cointelegraph, the Bolivian Central Bank reported that the country’s average monthly virtual asset trading volume has increased by 100% since lifting the Bitcoin ban in late June.