U.S. Treasury sanctions another widespread cyber-scam hub, Xinbi Guarantee

Chinese-language platform Xinbi is accused of operating on crypto transactions as it offered services to other criminal networks.

The U.S. Treasury Department went after another international hub for criminal services associated with digital assets, sanctioning Xinbi Guarantee.
This adds to earlier actions against Prince Group and Huione Group, the department said.

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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Original sourceCoinDesk

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