Community News:
1. SBF has been arrested by Bahamian police and the United States may request his extradition
The Bahamas Attorney General's Office announced that the Royal Bahamas Police Force has arrested former FTX CEO Sam Bankman-Fried (SBF), according to a statement released by Bahamian Attorney General Ryan Pinder KC. (Planet Daily)
2. SEC: Has authorized separate charges against SBF for violating securities laws
The SEC said it has separately authorized charges against FTX founder Sam Bankman-Fried (SBF) for violating securities laws, and the charges will be filed publicly on Tuesday. (Jinshi)
3. Insider: SBF is accused of wire fraud, securities fraud and money laundering
U.S. prosecutors in the Southern District of New York confirmed that SBF had been indicted and said they would unleash an indictment on Tuesday, with people familiar with the matter saying the charges included wire fraud, conspiracy to commit wire fraud, securities fraud, conspiracy to commit securities fraud and money laundering. (The New York Times)
Industry News:
1. Web3 startup Nillion announced the completion of $20 million in financing
Web3 startup Nillion announced the completion of $20 million in financing, aiming to build a decentralized network that is not based on blockchain and provide a new Internet infrastructure to protect storage and data computing, allowing companies and competitors to cooperate without transmitting key information. (TechCrunch)
Policies and Regulations:
1. Cryptocurrency payment platform MoonPay has been registered by the UK Financial Conduct Authority
Cryptocurrency payment application MoonPay has obtained registration from the UK Financial Conduct Authority (FCA), indicating compliance with local money laundering rules. It is reported that MoonPay appeared on the FCA's register on December 9, providing a programming interface to handle the procedures of identifying customers and combating fraud. (CoinDesk)
2. South Korean financial institutions consider whether to participate in the exchange's qualification assessment for listing and delisting cryptocurrencies
South Korea's Financial Services Commission and Financial Intelligence Unit (FIU) and other financial regulatory agencies are reviewing a proposal to include "direct approval by regulators for tokens to be listed on domestic crypto exchanges" in the Basic Law on Virtual Assets. (Planet Daily)
3. Hong Kong Securities and Futures Commission: Drafting regulatory requirements for licensed virtual asset exchanges under the new system
In response to an inquiry from RTHK on December 12, the Hong Kong Securities and Futures Commission said that the cryptocurrency exchange FTX's application for bankruptcy protection has affected other virtual tokens and the entire industry ecosystem, highlighting the risks of retail investors using virtual asset trading platforms that are not fully regulated, and the importance of whether the regulatory framework can protect investors. The Securities and Futures Commission will continue to pay attention to developments. (Jinshi)