According to official announcements from Upbit, in order to protect users and prevent accidents, due to issues discovered during regular and non-regular risk assessments, they have decided to temporarily suspend digital asset deposit and withdrawal transactions of 1 million Korean won or more conducted through Delio and Btrade.

According to Latvijas Banka's 2023 "Financial Stability Report," the number of people in Latvia purchasing crypto assets has decreased. The central bank attributes this decline to negative sentiment surrounding fraud and insolvency among major market participants, "unwise" investments that have already been made, crypto's links to money laundering, and the increasing connection of crypto-asset companies to supervised financial sector participants. The bank found that only 4% of the population had purchased crypto assets in February 2023, compared to 8% in 2022 overall, based on payment card usage. Retail crypto payments are still more prevalent than crypto asset investment in the country, according to the report.

The plea hearings for the "Crypto Couple" accused of attempting to launder $4.5 billion in stolen bitcoins have been rescheduled due to logistical issues related to former President Donald Trump's court appearance. A federal judge in Washington, D.C. reset the times after lines began to form outside the courthouse for Trump's arraignment.

On July 27, the United States Senate approved the National Defense Authorization Act (NDAA) for the fiscal year 2024, which amounts to $886 billion. The bill includes a significant provision aimed at crypto mixers, privacy-focused digital currencies, and financial institutions participating in cryptocurrency transactions. The amendment proposed by a group of senators requires the implementation of examination standards for cryptocurrencies to assess inherent risks and prevent money laundering. Additionally, the NDAA amendment commands the Treasury Department to conduct a study to unmask anonymous crypto transactions, focusing on crypto mixers like Tornado Cash.

Major banks have updated their privacy policies to allow for the monitoring of customers' social media profiles, posing a threat to their privacy. This has led to mounting pressure on high street banks to disclose the checks they conduct on customers, particularly after Nigel Farage had his accounts closed by Coutts due to his pro-Brexit views. The revelation has given some a further reason to consider decentralized finance (DeFi) protocols, which are built on blockchain and designed to be censorship-resistant and privacy-focused. However, as DeFi grows, it is facing increasing pressure to conform to financial norms and clamp down on money laundering.

The couple accused of laundering billions of dollars worth of Bitcoin linked to the 2016 Bitfinex hack have agreed to a plea deal with US authorities. Court records show that Ilya Lichtenstein and Heather Morgan will appear in court on August 3 for an arraignment and hearing as part of the agreement.

Deltec, a Bahamian bank that provides services to crypto firms, had its funds seized by U.S. authorities in June due to an investigation into international money laundering, wire and bank fraud. According to federal documents unsealed on Monday, the Secret Service executed seizure warrants to confiscate funds from the bank's U.S. accounts.

On July 18, the Shaoyang County Public Security Bureau in Jingmen City, Hubei Province announced that the prime suspect, Qiu Moumou, in a cross-border online gambling case involving funds worth RMB 400 billion has been sent to trial after a two-year investigation. The case involved more than 50,000 people, and virtual currency was used for money laundering. The servers were set up overseas, making it extremely difficult to investigate.

Police in Qingshui County, Jincheng City, Shanxi Province, China have successfully cracked a fraud case involving money laundering through the use of the virtual currency USDT. The operation resulted in the arrest of 21 suspects, the seizure of more than 40 mobile phones, and the confiscation of more than 200,000 yuan in cash and more than 1 million yuan worth of USDT.

Federal authorities announced on Wednesday that a father and son have been arrested for a massive crypto scam that saw them swindle more than $10 million from investors. Brandon Austin, who was arrested in April, and his father Eugene “Hugh” Austin Jr., arrested on July 5, are accused of soliciting massive cryptocurrency investments they never intended to pay back in full, using the money to fund a lavish lifestyle filled with posh hotels, fine dining, and luxury cars.