jodie9801230

@jodie9801230

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Kwon’s case parallels that of former FTX CEO Sam “SBF” Bankman-Fried — another crypto executive who was subject to another country’s jurisdiction (the Bahamas) before being extradited to the US. In SBF’s case, his lawyers were able to argue a campaign finance charge added to a superseding indictment should be dropped as it was not part of the extradition request.

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Within the UAE, the trend is toward more granular rules for token issuance, stablecoins and decentralized finance platforms. However, despite tighter regulations, the UAE is expected to attract even more global players.

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The proposal follows a pattern of steadily increasing regulatory focus on the crypto industry by Australian authorities, witnessed recently on Dec. 6 when the AUSTRAC created a task force to crack down on crypto ATM providers.

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AUSTRAC opened the draft framework from Dec. 11 to Feb. 14, 2025, for stakeholders — including financial institutions, legal practitioners and crypto exchanges — to provide feedback.

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The AML/CTF General Rule 2025 and the AML/CTF (Exemptions) Rule 2007 were both introduced in the proposal, aiming to retain the necessary exemptions from the previous regime while removing outdated requirements to maintain stability and continuity.

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This change would allow businesses to tailor compliance measures based on size, structure and risk profile while maintaining rigorous standards.

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Could Bitcoin’s consolidation resolve to the upside or the downside? How are the altcoins expected to behave? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

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Consolidation near a crucial overhead resistance generally resolves to the upside. However, traders should remain cautious because repeated failures to break above the resistance may tempt short-term bulls to book profits, causing a swift drop.

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Capriole Investments founder Charles Edwards said in a post on X that institutional demand for Bitcoin has gone insane, resulting in 13.5% of all Bitcoin being held by institutions and ETFs.

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Meanwhile, Trump selected crypto advocate Paul Atkins to become the new chair of the Securities and Exchange Commission after Gary Gensler announced he would resign when Trump is inaugurated on Jan. 20.

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Trump has reportedly been critical of Powell’s decision making but the Federal Reserve Chair has asserted he won’t resign should Trump try to push him out.

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Trump’s win has resulted in an overhaul of the US cabinet, with the President-Elect choosing hedge fund manager Scott Bessent and Cantor Fitzgerald CEO Howard Lutnik to lead the Secretary of Treasury and Commerce departments, shaping up what could be the most pro-crypto cabinet to date.

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Bitcoin’s price rally has, in part, been pushed by Donald Trump’s presidential election win in November.

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It comes as Bitcoin rallied to $99,329 on Dec. 4 — within arm’s reach of breaching its all-time high and surpassing the $100,000 milestone.

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Consumer protection was the other important factor Powell highlighted though he noted the Federal Reserve doesn’t directly regulate that area.

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Powell, however, said he is fine with crypto companies doing business with banks as long as they do not threaten their “health and well-being.”

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In August, Axiom announced plans to raise $75 million for the fund. At the time, the company had underscored the importance of prudent investments in Bitcoin companies, adding:

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Axiom Venture Capital is an advisory and investment management firm focused on the Bitcoin ecosystem. It will onboard Baker as a part-time adviser for its second venture fund, Axiom Venture Fund II.

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Baker served as the minister of state at the Northern Ireland Office until 2024. An internal assessment by the ACOBA found no prior engagements during his tenure as a minister that could benefit Axoim or damage “the integrity of the government.”

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