Japan’s Crypto Crackdown: A Dance of Fines and Frowns 💸🎭

According to Nikkei and other less-imaginative sources, the FSA is hosting a working group this year to plot a timeline so rigid, it would make a Victorian seamstress weep. By 2025, they’ll “firm up details,” and by 2026, they’ll draft a bill to criminalize the art of trading on inside knowledge. Because nothing fuels innovation like red tape and a good deadline. 🕰️

When OKX Became the Cyber Sheriff After Hitting Huione – Yippee! 🎉

As reported by the venerable Office of Foreign Assets Control (OFAC) and the ever-watchful FinCEN, Huione Group has been the merchant of shadowy dealings, processing a staggering excess of $98 billion in crypto inflows. Among this sum, an alarming $4 billion represents the spoils of villainous endeavors-such as online investment swindles, dastardly hacking orchestrated by North Korean brigands, and other nefarious syndicates roaming the globe. Alas, the group has found itself at the receiving end of Section 311 of the ever-so-prominent Patriot Act, now severed from the lifeblood of the U.S. financial expanse.