FINANCIAL SECURITY
Tether's T3 Unit Freezes $300 Million in Illicit Crypto Funds
Tether's T3 Financial Crime Unit has frozen $300 million in illicit funds, marking a significant step in combating crypto-related crime across multiple continents.
Hong Kong Monetary Authority Alerts Public on Fraudulent Activities
The Hong Kong Monetary Authority warns the public about fraudsters impersonating its staff to issue fake documents, urging vigilance against such scams.
Hong Kong Embraces Web3 Despite Crypto Market Volatility
Hong Kong's financial secretary, Paul Chan, has emphasized the need for the city to embrace Web3 technology, despite the fluctuations in the crypto market. Chan has proposed a strategy that focuses on proper regulation and promoting development to facilitate Web3's steady growth. He also noted that Hong Kong plans to prioritize financial security, prevent systemic risks, and focus on investor education and protection. The region's approach to crypto regulation contrasts with that of the United States, which has adopted a more hardline response to the industry.