The US Treasury's OFAC has sanctioned cryptocurrency mixer Sinbad for alleged money laundering activities linked to North Korea's Lazarus Group. Meanwhile, the BIS Innovation Hub introduces Project Tourbillon, showcasing two CBDC prototypes focusing on privacy and security. In the UK, HMRC warns crypto users to declare and pay taxes on digital assets, aligning with the global trend of regulating digital assets. The Philippines SEC cautions against Binance's unlicensed operations in the country, reflecting the ongoing regulatory challenges faced by the exchange. Paxos, on the other hand, receives provisional approvals to expand its stablecoin operations in Abu Dhabi, emphasizing regulatory compliance in the growing market of regulated digital assets.
