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‍Bybit Enhances Compliance and Expands RWA Integration Bybit is prioritizing regulatory compliance and expanding its Real World Asset (RWA) presence to attract institutional investors. Yoyee Wang, Head of Institutional & B2B Business, stated that adherence to legal frameworks is crucial for sustainable growth. The exchange is collaborating with traditional financial entities to integrate legacy systems with digital asset ecosystems, tokenizing traditional instruments and enhancing liquidity for RWAs. This strategic move aims to foster a more resilient financial ecosystem through institutional alignment and cooperation with regulators.

Cryptovka

Bybit Strengthens Compliance and Expands RWA Presence for Institutions

Bybit, a leading global cryptocurrency exchange, has announced a strategic shift toward enhanced regulatory compliance and the aggressive expansion...

‍Shenyang Police Dismantle $2.2M Crypto-Linked Money Laundering Ring Authorities in Shenyang, China, have dismantled a cross-border illegal currency exchange operation utilizing Bitcoin and Tether. The network facilitated illicit foreign exchange and laundered funds for international drug traffickers. This action resulted from intelligence sharing between Chinese and U.S. law enforcement agencies, underscoring growing Sino-U.S. anti-money laundering cooperation against the misuse of blockchain technology. The operation, managed by suspects Tong Moumou and Chen Moumou, involved wash trading and virtual currency platforms to bypass regulations, moving over 16 million RMB (approx. $2.24M USD). Funds were converted to USDT and BTC, transferred overseas, and exchanged back to USD, with large cash deposits used to circumvent oversight. The suspects were apprehended attempting to flee the country.

Cryptovka

Shenyang Police Dismantle $2.2M Crypto-Linked Money Laundering Ring

Authorities in Shenyang, China, have successfully dismantled a sophisticated cross-border illegal currency exchange operation that utilized major d...

‍Adam Back and Nic Carter Debate Bitcoin's Quantum Computing Risk Blockstream CEO Adam Back and Castle Island Ventures partner Nic Carter have publicly disagreed on the threat quantum computing poses to Bitcoin. Back criticized Carter's highlighting of quantum risks as "uninformed noise," suggesting the Bitcoin development community is quietly addressing the issue. Carter countered that many developers are in "total denial" and that governments are already preparing for post-quantum cryptography, indicating a tangible threat. Estimates for when quantum computers could compromise current cryptography vary significantly, with some experts predicting a need for upgrades within a decade, while others believe it is further off or less probable.

Cryptovka

Adam Back and Nic Carter Clash Over Bitcoin Quantum Computing Risk

The debate over the vulnerability of Bitcoin (BTC) to future quantum computing capabilities has intensified following a public disagreement between...