The draft bill, yet to be signed into law by the king, marked a significant policy change for Cambodia officials in addressing scam centers. Cambodia's parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency. In a Friday notice, the Senate of the Kingdom of Cambodia announced that the chamber had unanimously approved the draft law with no amendment, with 58 senators voting yes. According to reports, the draft bill, which would still need the king’s approval before becoming law, imposed prison time between two to five years and up to $125,000 in fines for certain crimes, or twice the time in prison and penalties if part of a gang or targeting multiple victims. “The draft law stipulates the establishment of criminal rules to fill the gaps and deficiencies in the current law, which will contribute significantly to addressing challenges that pose serious risks to social security, the economy and citizens, including affecting Cambodia's rep...
In a recent Cointelegraph interview, macro investor James Lavish explains why markets are pricing in a quick end to the Iran war — and what could happen if that assumption is wrong. In the latest interview with Cointelegraph, macro investor and former hedge fund manager James Lavish issued a stark warning to Bitcoin holders and global investors: markets may be pricing in a quick resolution to the Iran conflict — but if that assumption proves wrong, the consequences could be severe. Lavish argued that if the conflict drags on and keeps pressure on oil prices, the result could be a fresh inflation shock, renewed fears of stagflation and a major repricing across global markets. In his view, this scenario would put the Federal Reserve in an impossible position: unable to raise rates aggressively without risking recession, yet unable to cut rates due to persistent inflation. Read more
The Independent Community Bankers of America warns Coinbase’s trust charter falls short of regulatory standards and could pose risks to consumers and the financial system. The Independent Community Bankers of America has opposed the Office of the Comptroller of the Currency’s (OCC) conditional approval of Coinbase’s national trust bank charter, warning the application falls short of regulatory standards and could pose risks to consumers and the financial system. On Thursday, ICBA said Coinbase’s application shows deficiencies in risk controls, profitability and resolution planning, and argued the OCC lacks statutory authority to expand trust powers for crypto-related activities without applying the full set of banking regulations. The group said the decision reflects a broader trend of nonbank entities seeking access to the benefits of bank charters without meeting the same regulatory requirements. It wrote: Read more
Stephanie Cutter will join the prediction markets company as a policy adviser, having previously worked in Democratic lawmakers’ campaigns. Predictions market platform Kalshi announced that a former staffer of US President Barack Obama had joined the company as a policy adviser. In a Thursday notice, Kalshi said Stephanie Cutter would join the prediction markets company from Precision Strategies, a communications firm she co-founded in 2013. Kalshi said the addition of Cutter came as the company planned to “deepen its relationships in DC and across the country.” According to Kalshi co-founder and CEO Tarek Mansour, Cutter’s experience allowed her to “get [the] message to the right people,” highlighting her background in government and politics. The predictions market already has staff with ties to the US government, including the appointment of the president’s son, Donald Trump Jr., as a strategic adviser in January 2025, the week before his father took office. Read more
Circle had several hours or days to freeze illicit USDC funds in many of the 15 cases presented, but failed to act, according to ZachXBT. Onchain detective ZachXBT claims that Circle, the issuer of the USDC (USDC) stablecoin, has failed to freeze or blacklist about $420 million in illicit fund flows since 2022. Circle can freeze illicit funds and blacklist wallet addresses, but either took “minimal” action to freeze illicit flows or failed to act in 15 separate hack-and-fraud cases, including those linked to North Korean (DPRK) state-affiliated hackers, ZachXBT said. The stablecoin issuer allegedly failed to freeze $9 million in USDC from the GMX decentralized exchange (DEX) hack in July 2025, and blacklisted wallets linked to the $200 million Cetus DEX hack in May 2025 after USDC was converted into Ether (ETH), according to ZackXBT. Read more