The attorney also stated that the $5 billion assets discovered do not include the $425 million cryptocurrency in possession of the Securities Commission of the Bahamas.

The UK government aims to turn the country into a crypto hub. The group will support the plan and facilitate cooperation between the UK’s existing financial services and crypto industries.

The holding company for New York-based Metropolitan Commercial Bank (MCB), Metropolitan Bank Holding Corp., has stated that it will shut down its cryptocurrency subsidiary due to the recent development in the crypto sector.

On February 1, 2022, the Indian government announced a 30% tax on profits made from crypto trading, which became effective on April 1, 2022.

Nobuaki Kobayashi, the Rehabilitation Trustee for Mt. Gox, stated in an announcement dated January 6 that creditors of the exchange can continue to register on the designated platform and qualify to receive their money back.

Rumours have emerged that Gate.io has started staff layoffs that could affect 40% to 50% of its workforce.

The United States Securities and Exchange Commission (SEC) has filed a limited objection to the Voyager-Binance.US $1 billion deal.

Animoca, one of the most prominent investors in Web3, keeps pushing the sector and plans to launch a new Web3 and Metaverse fund valued at $1 billion, halving their previous expectations.

The Federal Reserve, FDIC and OCC have warned banks in the United States on ‘key risks associated with crypto assets and crypto asset sector participants.’

Planning to eradicate what the U.K. government call “dirty money”, the National Crime Agencies (NCA) cyber-focused command, the National Cyber Crime Unit (NCCU), announced they are launching a specialised team to increase their police investigating crypto-related crimes and frauds.