citizen

According to the official website of the U.S. Securities and Exchange Commission (SEC), SEC Commissioner Hester M. Peirce delivered a speech at the "Regulating the PETshop Series" seminar at Georgetown University Law Center, calling for the inclusion of Privacy-Enhancing Technologies (PETs) in the financial regulatory framework.She criticized the current regulatory approach for being overly inclined towards government surveillance, arguing that technology should serve to protect personal privacy rather than expand the scope of surveillance, and pointed out that blockchain public wallet addresses can reduce the risk of personal information leakage for investors while meeting compliance requirements.Peirce also invited technology teams that can minimize personal information collection while meeting KYC and anti-money laundering regulatory requirements to actively collaborate with the SEC's Crypto Task Force.

According to Bits.media, the Central Bank of Russia aims to prohibit Russian citizens from trading on cryptocurrency exchanges that comply with international sanctions. Ekaterina Lozgacheva, head of the Central Bank's Strategic Development Department, stated that the Central Bank plans to ban Russians from trading on foreign cryptocurrency exchanges that adhere to international sanctions. Russians can only trade cryptocurrencies on foreign platforms through Russian brokers, provided that these foreign platforms do not comply with international sanctions.The country's central bank will establish its own standards for foreign platforms that Russian brokers and investors can use. Lozgacheva noted that even trading cryptocurrencies abroad through Russian intermediaries is subject to foreign regulation, posing additional risks. The annual purchase limit for non-professional investors is set at 300,000 rubles, and they can only access the most liquid cryptocurrency assets through domestic brokers. A test must be completed before trading, and qualified investors are not subject to the limit but must also undergo testing. Relevant restrictions will be included in the second reading version of the draft "Digital Currency and Digital Rights Law," with key provisions expected to take effect on July 1.

In February this year, several Chinese citizens were raided by the police at a rented villa in Country Heights, Kajang, Malaysia. The police claimed to suspect that the Chinese citizens were involved in fraud, and subsequently, the Chinese citizens were forced to transfer about $50,000 (approximately 200,000 ringgit) in USDT. The police later arrested 12 officers involved in the case and removed them from frontline duties, but the investigation still awaits technical reports and digital evidence results, and there has been no breakthrough to date.Lawyer Charles, representing eight Chinese victims, stated that the investigation is progressing too slowly. Since the arrest of the 12 involved police officers, there has been no further information, raising suspicions of internal interference attempting to suppress the case. He warned that if there is internal protection, he will file a complaint with the Malaysian Anti-Corruption Commission.

The People's Court of Haidian District, Beijing, disclosed a case involving virtual currency "box opening." The defendant illegally obtained citizens' personal information through encrypted communication tools and other channels, unlawfully acquiring over 900 million pieces of information data, building a "social engineering database" website storing over 170 million pieces of citizens' personal information, and profiting by selling it in exchange for virtual currency. Additionally, they used encrypted communication tools to establish a "box opening hang person" group to publish illegal information that infringes on privacy.The court sentenced the principal offender, Lin, to 7 years in prison for the crime of infringing on citizens' personal information and the crime of illegally using information networks, and imposed a fine of 70,000 yuan.

The Central Bank of Russia stated that it plans to require its citizens to declare their cryptocurrency assets held overseas after the new round of cryptocurrency regulatory rules comes into effect.Vladimir Chistyukhin, the First Deputy Governor of the Central Bank of Russia, pointed out that the new regulations will strengthen KYC requirements for exchanges to enhance transaction transparency. He also emphasized that regulation does not prohibit individuals or institutions from holding cryptocurrency assets in overseas wallets, but they must declare them to the federal tax authority. This measure is expected to come into effect in July along with the relevant regulatory framework.

According to The Block, the Vietnamese Ministry of Finance is drafting regulations to prohibit its citizens from trading on overseas cryptocurrency platforms, while promoting a pilot program for local cryptocurrency exchange licenses.This move stems from regulatory concerns about the rising risk of capital outflow due to the popularity of cryptocurrencies and stablecoins. Chainalysis data shows that Vietnam's cryptocurrency trading volume exceeded $20 billion in the 12 months ending June 2025, ranking fourth in the global cryptocurrency adoption index. Cryptocurrency assets have been integrated into scenarios such as cross-border remittances, savings, and gaming. Currently, five institutions, including Techcombank, VPBank, LPBank affiliates, brokerage VIX Securities, and conglomerate Sun Group, have passed the first round of qualification review. The pilot program requires applicants to have a minimum paid-up registered capital of 10 billion Vietnamese dong (approximately $400 million), with a foreign ownership limit of 49%.

According to Decrypt, Chinese citizen Zhang Xinghua was sentenced to two years in prison by a Singapore court for conspiring to abuse computer systems and handling criminal proceeds in connection with a theft of approximately $6.9 million at the SafeX cryptocurrency exchange.Prosecutors stated that he conspired with two other accomplices, one of whom, Chen Chong Xin, who is still at large, accessed the SafeX crypto vault without authorization three times between June and August 2025, transferring over $6.9 million to multiple wallets. He then laundered part of the funds through Tornado Cash, depositing over $1.6 million in two transactions, which could have yielded over $886,000 in profits, but police intervened to stop it.The case came to light after the SafeX system triggered a low balance alert. Singapore has frozen or seized approximately $2.1 million in related crypto assets, while about $4.8 million remains unrecoverable in offshore private wallets or with virtual asset service providers. Court hearings revealed that Zhang Xinghua returned approximately $95,000 in Bitcoin through his wife. Another accomplice in the case is still under investigation.

According to Jinshi citing Xinhua News Agency, the United States and Israel have launched military actions against Iran, and the Iranian military has struck U.S. military bases in the Middle East. Some neighboring countries of Iran have closed their airspace, and international flights have been suspended. Chinese citizens have already been injured in the attacks, and some temporary travelers are stranded locally.The Chinese Ministry of Foreign Affairs reminds Chinese citizens to closely monitor the situation and to refrain from traveling to countries and regions around Iran that are affected by military strikes. Chinese citizens already in the aforementioned countries and regions should further enhance their security precautions and avoid sensitive areas such as military facilities and protests.

According to a report by The Wall Street Journal citing informed sources, the Trump administration is considering an executive order that would require banks to collect customers' citizenship data as part of its crackdown on immigration.Informed sources said that the initiative is primarily being assessed by the U.S. Department of the Treasury and could ultimately require banks to ask both new and existing customers who wish to maintain bank accounts in the U.S. for a type of unprecedented new documentation, such as passport information.

According to market news, the Philippine police recently successfully rescued a Chinese citizen who was illegally detained by Chinese kidnappers in an apartment in Pasay City. Two individuals were arrested on the scene, while two other suspects are still at large. The victim reported being threatened for a demand of 1 million dollars and had already transferred over 400,000 dollars in cryptocurrency; the suspects also threatened to sell organs.The police seized items such as tape, knives, and handcuffs at the scene and will file charges related to kidnapping and extortion.

The Marshall Islands distributes a national basic income (ENRA) through Stellar. The government of the Marshall Islands launched the first round of ENRA distribution on November 26, 2025, covering all citizens of the Marshall Islands, with funding sourced from the investment returns of the Compact Trust Fund (capped at 4%). The distribution methods include checks, bank transfers, and blockchain channels (Lomalo digital wallet, supported by Stellar). Additionally, the Stellar Foundation has also led the development of the digital sovereign bond USDM1. USDM1 is pegged 1:1 to short-term U.S. Treasury bonds, denominated in U.S. dollars and redeemable at face value.The national basic income is a mechanism through which the Marshall Islands ensures that national wealth is regularly shared among all citizens via this fund. The program aims to implement universal nationwide distribution for all resident citizens, with no income or employment thresholds, and maintains regular disbursements.

According to Bitcoin News, France has advanced Amendment No. 1649 AC, which requires citizens to declare the exact market value of their self-custodied cryptocurrencies, even if no taxable transactions have occurred.Critics warn that the measure is an improper invasion of privacy and will create a dangerous "data honeypot" containing names, addresses, and precise cryptocurrency asset balances.

Polish President Karol Nawrocki has vetoed the proposal of the Crypto-Asset Market Act, which aimed to introduce strict regulations for the country's crypto industry. The president's office confirmed in a statement on Monday that he would not sign the bill. President Karol Nawrocki rejected the bill on the grounds that it "truly threatens the freedom, property, and national stability of the Polish people," and pointed out that the bill's length (over 100 pages) far exceeds the requirements set by the EU's MiCA.His main objection lies in a provision that grants authorities the power to block crypto-related websites. Polish Finance Minister Andrzej Domański stated on the X platform that the president's choice would expose consumers to risks, claiming that Karol Nawrocki "chose chaos." Deputy Prime Minister and Foreign Minister Radosław Sikorski also believes that the bill is necessary to curb fraud. Industry insiders welcomed the veto, arguing that consumer protection should not come at the cost of excessive control.

According to WRAL News, the Russian Ministry of Finance is actively considering significantly simplifying the access requirements for digital asset investors. The proposed simplifications are expected to expand the range of participants in Russia's experimental legal framework for cryptocurrency trading (ELR) and lower the strict "super qualified" investor high threshold (which requires substantial assets or income, such as an investment amount of 100 million rubles or an annual income of 50 million rubles), allowing more Russian citizens to legally enter the cryptocurrency market.

ChainCatcher news, according to market news, the latest research report from Citizens Bank in the U.S. shows that merger and acquisition activities in the digital asset industry are accelerating and are expected to speed up further. With the passage of the GENIUS Act (stablecoin regulations) and the anticipated introduction of the CLARITY Act (market structure), the regulatory environment in the U.S. has shifted from "hostile" to supportive, encouraging banks, payment processors, and asset management companies to actively integrate blockchain infrastructure.The report indicates that Mastercard is in talks to acquire ZeroHash for up to $2 billion, and Coinbase is also nearing completion of a similar-scale acquisition of the London-based company BVNK. The technical complexity, talent shortages, and compliance requirements have made acquisitions the most practical expansion path for traditional institutions. The market capitalization of stablecoins has increased from $250 billion in the middle of the year to approximately $315 billion, and it is expected to exceed $1 trillion. Citizens Bank predicts that by 2030, the tokenized market could generate nearly $100 billion in annual revenue, including trading, custody, and data services.

ChainCatcher news, Citizens Bank released a report on Wednesday, initiating coverage on SharpLink Gaming (SBET) with a "Market Outperform" rating and a target price of $50, representing an upside of over 200% from the current trading price of approximately $15.45.The bank is optimistic about SharpLink as one of the most ambitious Ethereum asset management companies in the public market, with its core advantage being the active management of its ETH balance sheet and capturing on-chain yields. Citizens predicts that the price of Ethereum will surpass $7,000 by 2026 and may exceed $20,000 by 2030.

ChainCatcher news, according to the U.S. Department of Justice, British citizen Thalha Jubair has been charged for participating in at least 120 cyber intrusions and ransomware attacks involving 47 U.S. entities, with a total ransom paid by victims exceeding $115 million.The indictment alleges that 19-year-old Jubair (also known by aliases "EarthtoStar," "Brad," "Austin," etc.) collaborated with a cybercrime group known as "Scattered Spider" to gain unauthorized network access through social engineering techniques, steal and encrypt information, and then extort ransom from victims. The group also targeted U.S. critical infrastructure companies and the U.S. court system. Law enforcement successfully seized approximately $36 million in cryptocurrency when they shut down servers in July 2024. Jubair faces multiple charges including computer fraud, telecommunications fraud, and money laundering, with a maximum sentence of 95 years in prison.

ChainCatcher news, the Guangzhou Intermediate People's Court held a press conference on the effectiveness of foreign-related civil and commercial trial work and typical cases. A sales contract involving the purchase of "mining machines" for virtual currency operations overseas was deemed invalid due to its disruption of China's financial order.Wang Mouming and Zheng Mou are both Chinese citizens. The two parties negotiated via WeChat, and Zheng purchased 24 specialized servers for virtual currency "mining" from Wang Mouming for 1.024 million yuan, paying the full amount. It was agreed that Wang Mouming would transport the "mining machines" to Mongolia for operation and maintenance, with the electricity costs borne by Zheng and Chen Mouxiong. After the "mining machines" were transported to Mongolia, they frequently encountered online issues and were still under the actual control of Wang Mouming without being delivered. Therefore, Zheng filed a lawsuit to confirm the sales contract as invalid. Wang Mouming argued that Mongolian law should apply to this case and that the contract was valid. Chen Mouxiong clarified that he had no sales relationship with Wang Mouming and did not claim rights to the "mining machines." The effective ruling of the Guangzhou Intermediate People's Court stated that although this case is foreign-related, both parties are Chinese citizens. The contract in question, which involved the sale of "mining machines" and their transportation to Mongolia for Bitcoin "mining," pertains to public interests in China, such as ecological environment and financial security, and should be governed by Chinese law.The "mining machines" in question are specialized equipment for "mining." "Mining" is energy-intensive, and virtual currency trading is considered illegal financial activity, disrupting China's financial order. The contract in question is invalid due to its violation of public order and good morals, and relevant handling was made based on the degree of fault of both parties and the performance of the contract.

ChainCatcher news, according to Cointelegraph, South Korean police arrested a man in his 20s from Russia in Busan on May 27, who is suspected of attempting to rob a cryptocurrency trading deal in Seoul.According to Gangwon Ilbo, the suspect, along with two accomplices, disguised themselves as cryptocurrency traders and lured 10 South Korean investors to a hotel in the Gangseo District of Seoul, attempting to steal approximately 1 billion won (about 730,000 USD) in cash.During the crime, the suspects wore protective vests and attacked the victims with imitation handguns and telescopic batons, binding them with cable ties. One victim managed to escape and call the police, leading to the suspects fleeing in a panic without obtaining any money. Police found imitation firearms, batons, protective vests, and a money counting machine in the suspect's hotel room.The other two accomplices have fled South Korea, and police have requested assistance from Interpol to apprehend them.

ChainCatcher news, according to CNN Indonesia, the Indonesian Ministry of Communication and Information Technology (Komdigi) may request the World platform to delete 500,000 records of Indonesian citizens' retinal data. Previously, due to concerns about potential data leakage risks, Komdigi was investigating whether there were security vulnerabilities in the storage of retinal data. Once relevant risks are identified, this data will be permanently deleted.The World platform was previously scrutinized for offering users a reward of 800,000 Indonesian rupiah (approximately 48.34 USD) for scanning their retinas. After Komdigi suspended its operating license, the platform has halted all scanning activities in Indonesia. The World platform clarified that its cryptocurrency Worldcoin is not used as compensation, and the tokens are only offered as optional incentives.