Hong Kong EXPOSES $1 Billion Crypto Money Laundering! New Tech to Fight Crime!
In today’s episode:
Hong Kong develops a new tool to fight crypto-related money laundering, Tether invests nearly $90M in Canadian gold mining, the Philippines tightens crypto exchange rules, Trident plans a $500M XRP reserve, and Stripe strengthens its Web3 position by acquiring crypto wallet provider Privy.
🇭🇰 Hong Kong strengthens fight against crypto money laundering
Hong Kong Customs, together with the University of Hong Kong, is creating a digital tool to track suspicious crypto transactions. Over $1.1 billion in such transactions have been identified since 2021.
🏆 Tether invests in Canadian gold mining
The company invested $89.2M in Elemental Altus Royalties, acquiring a 31.9% stake as part of its strategy to boost assets backed by real-world value.
🇵🇭 Philippines imposes strict new rules for crypto exchanges
New regulations require licenses, a local office, and data storage within the Philippines. Companies must have at least $1.8M in capital and comply with tough oversight.
💰 Trident to create $500M XRP reserve
The Singapore firm plans a strategic crypto reserve focused on XRP for long-term investment, staking, and deeper involvement in Ripple’s infrastructure.
🌐 Stripe acquires Privy to strengthen Web3 capabilities
Stripe’s acquisition of crypto wallet provider Privy aims to integrate digital assets into its financial ecosystem while allowing Privy to operate independently.
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#cryptonews #hongkongcrypto #tether #goldmining #philippinescrypto #xrp #trident #stripe #privy #web3 #CryptoExchanges
⏱ Timestamps
00:00 – Introduction
00:17 – Headlines
00:48 – Hong Kong’s crypto AML push
02:07 – Tether invests in gold mining
03:35 – Philippines tightens crypto rules
05:20 – Ad break: Internet CashBanx
05:52 – Trident’s $500M XRP reserve
07:45 – Stripe acquires Privy
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