Enforcement Actions

Taipei District Prosecutors Office concludes the Prince Group money laundering case, indicts 62 people, and seizes assets worth over 5.5 billion NT dollars, revealing a cross-border financial network. The group has established multiple companies in Taiwan since 2016 and has laundered 10.7 billion NT dollars through gambling platforms and overseas companies. The prosecution is seeking the maximum penalty for the mastermind, Chen Zhiqiu, and several other members also face severe charges. The case is still under investigation.

A rise in cybercrime is noted in South Korea as individuals seek revenge through crypto payments and apps like Telegram. Authorities investigate vandalism and threats linked to this trend, revealing a network facilitating these acts under the guise of “private revenge organizations.”

Wall Street regulators are advancing regulatory plans for the crypto industry. The U.S. Securities and Exchange Commission has submitted guidance to the White House to establish classification standards for crypto assets. The Commodity Futures Trading Commission is also considering new rules for prediction markets, both aiming to clarify the scope of regulation and protect investors.

Beast Industries fired video editor Artem Kaptur for insider trading, following a Kalshi enforcement action. CEO Jeff Housenbold emphasized the company's zero tolerance for unethical behavior, particularly in prediction markets.

Original Author: Xu Qian, Jin Weilin Recently, a typical enforcement case reported by the Beijing Higher People's Court has attracted widespread attention. The case clearly includes online virtual assets such as live streaming income and digital collectibles within the scope of enforceable property. This judicial practice provides an innovative approach to solving the "difficulty in enforcement" problem. Case Introduction: From "no property available for enforcement" to successfully deducting 200,000 yuan in live streaming income After a contract dispute case involving an industrial company and Wang entered enforcement proceedings, the court, through its inquiry and control system, found that Wang had no real estate, vehicles, bank deposits, or other traditional assets available for enforcement. The case was temporarily concluded at that point. Subsequently, the applicant for enforcement discovered a lead: Wang has been engaged in diamond sales and live streaming activities on a certain platform for a long time, with a fixed account and income. This lead was submitted to the Beijing Court's "Enforcement Property Clue Transfer Center" and quickly transferred to the Fengtai District People's Court of Beijing. After verifying the situation, the court

Catalonia police in Spain raided an illegal Bitcoin mining farm in Barcelona, resulting in electricity fraud totaling up to €860,643. Authorities found 88 ASIC miners without meters, posing safety risks. The suspects have been detained, and the investigation is ongoing.

The FATF warns that P2P stablecoin transactions using unhosted wallets are a significant blind spot in the crypto ecosystem, potentially evading AML oversight. They urge countries to assess risks and enhance monitoring of such transactions. In 2025, illegal addresses received $154 billion in crypto, with 84% involving stablecoins, although illegal transactions remain under 1% of on-chain volume.

Iran's stablecoin strategy, which garnered international attention during geopolitical unrest, highlights the currency's role in the economy. The Central Bank halted USDT-toman trading to manage currency values. Reports indicate stablecoins were involved in 84% of Iran's illicit crypto volumes in 2025, with significant ties to the Islamic Revolutionary Guard Corps (IRGC). Amid airstrikes, Iran's crypto activities plummeted, revealing vulnerabilities while regime-related transactions likely persisted. The FATF's findings emphasize the duality of stablecoins in both legitimate and illicit financial activities.

South Korean police have uncovered a group using cryptocurrencies for "private revenge," arresting multiple suspects involved in harassment and vandalism. The investigation revealed that the suspects received instructions via Telegram and were compensated with cryptocurrencies. Authorities are currently追查 the masterminds behind the operation and emphasize the need to strengthen regulation of encryption technology to prevent crime.

The 2026 U.S. midterm election primaries have begun, with the crypto industry actively investing $288 million to promote legislation for the CLARITY Act. Texas, North Carolina, and Arkansas have become key battlegrounds, aiming to ensure Congress supports the development of cryptocurrencies. Trump's support will influence the enforcement of crypto policies; if the primary results are unfavorable, there may be resistance to the crypto vision.

A former LAPD officer was convicted of kidnapping and robbery for a 2024 apartment break-in aimed at stealing $350,000 in cryptocurrency. Eric Halem, along with three accomplices posing as police, threatened a 17-year-old victim for a Bitcoin hard drive.

The latest FATF report indicates that stablecoins have become the preferred method for illegal transactions by sanctioned countries such as Iran and North Korea, with estimated related activities reaching $51 billion in 2024. The report recommends that countries strengthen regulation of stablecoin issuers rather than imposing a complete ban to prevent money laundering and fund transfers.

Decentralized prediction platform Polymarket has delisted the "When will nuclear weapons be detonated" market due to controversy, with a total trading volume exceeding $838,000, raising ethical and regulatory concerns. Analysts point out that betting related to the conflict poses a risk of misleading. U.S. regulators are concerned about the potential risks of prediction markets and plan to establish unified regulatory standards.

The Financial Action Task Force (FATF) report states that stablecoins have become the preferred method for North Korea, Iran, and other countries to conduct illegal transactions, involving scam amounts as high as $51 billion. FATF calls for strengthening anti-money laundering regulations for stablecoin issuers and emphasizes that non-custodial wallets have become regulatory loopholes that need to be quickly addressed to fill the regulatory gap.

The "Meme Coin" under Japanese Prime Minister Fumio Kishida's name has plummeted 58% after being accused of having no connection to him. The token was launched on February 25th, claiming to be related to political support. After Kishida denied the connection, the market reacted strongly, and the Financial Services Agency has launched an investigation, focusing on compliance issues related to crypto assets.

Singapore police have arrested three Singaporeans related to the Prince Group money laundering case and issued an arrest warrant for another woman. The involved assets exceed 500 million SGD. Local scam issues are severe, and losses in 2024 may surpass 1.1 billion SGD.

Japanese Prime Minister Fumio Kishida on March 2 denied any connection to the SANAE TOKEN named after him, causing the token to plummet by 58%. The Financial Services Agency investigation found that the issuer did not hold the necessary exchange licenses. Similar incidents are occurring frequently worldwide, providing references for future regulation, with legal grounds potentially becoming a regulatory template for other countries.

Investment bank TD Cowen believes that the banking industry may be at a disadvantage in the debate over stablecoin yield policies, which could delay the progress of the U.S. Crypto Market Structure Act. The report notes that banks' opposition to stablecoin yields may harm consumer interests, making political support difficult to sustain. Meanwhile, the OCC is proposing rules related to stablecoins, including a ban on direct interest payments, and will also seek public comments in the future.

In brief A former LAPD officer has been found guilty of kidnapping and robbery after a home invasion in which he held a teenage crypto owner at gunpoint. Eric Halem and his alleged associates stole a hard drive containing $350.000 worth of Bitcoin from the victim. The crime is the

A virtual currency named "Sanae Token" named after Prime Minister Sanae Takashi has appeared in Japan, prompting an investigation by the Financial Services Agency. Prime Minister Takashi denies any association with the token, claiming her image has been misused. This incident highlights the insufficient regulation of the virtual currency market and calls for attention to subsequent government measures.