🔴 Financial Crime Detection startup IVIX, founded by Matan Fattal, a former member of Israel's notorious military intelligence Unit 8200, and Doron Passov, a former member of the IDF's secretive Unit 81 tasked with building custom espionage software, raises $60M Series B IVIX "scans the web for signs of illicit financial activity," collecting data "using scrapers powered by large language models" sourced from "blockchains, short-term rental platforms, e-commerce marketplaces and other sources." IVIX has developed software for the Government of Canada and the State of California. IVIX claims that it can identify entities behind illicit activity "with 99% accuracy."

🚨NEW: DeFi Education Fund gathers largest industry coalition to protect developers Over 100 signatories state that they will not support a market structure bill that does not include protections for non-custodial services. Fully story👇

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DeFi Education Fund Gathers Largest Industry Coalition To Protect Developers

Over 100 industry signatories will not support a market structure bill that does not include protections for non-custodial services.

🚨NEW: The Treasury is seeking comments on the implementation of digital identities for DeFi, where smart contracts could automatically check for a credential before executing a user's transaction. Full story👇

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Treasury Seeks Comments On Digital Identity Verification For "DeFi"

Smart contracts could automatically check for a credential before executing a user's transaction, the Treasury says.

🚨NEW: Economists at the Bank of International Settlements propose banning any coin that has passed through a no-KYC wallet from regulated services to enable a culture of self-policing Full Story 👇

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Bank of International Settlements Paper Proposes Self-KYC For Non-Custodial Wallets

The economists argue that the exclusion of any coin that has ever passed through a no-KYC wallet would enable a culture of self-policing.

🚨 UPDATE: Google has clarified that non-custodial wallets are not meant to be in scope of its Play Store policy in response to our reporting. The policy will be revised accordingly.

🚨 New Google Play Store policy forces AML/KYC on non-custodial wallets in the US, effectively bans non-custodial wallet developers from Play Store in EU Full Story👇

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Google Play Store Bans Wallets That Don't Have Banking License

New Google Play Store policy now requires FinCEN registration, state banking license, or MiCA license for non-custodial wallets.

🚨JUST IN: Parties in US v. Storm ask for exclusion of time on post-trial motions to decide whether prosecution will retry charges Potential motion to retry convicted charge possible

Ethereum Core developer Federico Carrone was arrested at passport controls in Turkey over his contributions to a paper that assessed privacy on Ethereum and Tornado Cash. Full story 👇

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Developer Arrested Over Tornado Cash Research

Ethereum Core developer Federico Carrone was arrested at passport controls in Turkey over his contributions to a paper that assessed privacy on Eth...

🚨 Ethereum developer working on Zero Knowledge says he has been detained in Turkey

Gmgm, we’re participating in a game called #sathunterz that teaches people how hard it is to crack a bitcoin seedphrase. Follow the hashtag (here and on X), find as many words as you can, and win 800k sats 👇

More post-verdict observations on Roman Storm, including Judge Failla's decision not to detain him ahead of sentencing; and Failla's comments on the path to challenging the Money Transmission conviction.

COUNT 1, MONEY LAUNDERING: NOT UNANIMOUS COUNT 2, 1960: GUILTY COUNT 3, SANCTIONS EVASION: NOT GUILTY

🚨JUST IN Jury in trial against Roman Storm says it's deadlocked on some charges. Court asked jury to reconsider – if deadlock remains, the court will accept a partial verdict. Government may re-try remaining charges.

How many hops makes a criminal? Today the jury asked whether sanctions also apply to intermediary addresses between a sanctioned wallet and Tornado Cash. An important question, as there seems to be quite a few intermediaries in the Government's tracing testimony. Full story 👇

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Jury Questions Tracing and Venue in Roman Storm Trial

The jury requested information on a Government tracing witness that testified to sanctioned funds. Members stated to have made major progress in de...

Jury deliberations continued today, with prosecution and defense waging trench warfare over every word and document that might shape the verdict. Today, one question from the jury took both legal teams nearly two hours to address 👇

"We should take concrete steps to protect people’s ability not only to communicate privately, but to transfer value privately," says SEC Commissioner Hester Pierce. Full story👇

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SEC Commissioner Hester Pierce Slams Bank Secrecy Act

"We should take concrete steps to protect people’s ability not only to communicate privately, but to transfer value privately," the Commissioner ...

This Sunday. Everything you need to know about the criminal trial against Tornado Cash developer Roman Storm. With Amanda Tuminelli, Taylor Monahan, Molly White, and Tim Clancy, hosted by David Z Morris 👇

It's the third week in the criminal trial against Tornado Cash developer Roman Storm, and we continue to wait for a verdict. Today, the jury requested transcripts, had questions about venue, and seemed rather eager to go home. Full story:

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US v. Storm: No Verdict in Third Week, Jury Back Monday

The jury requested several documents, had questions about venue, and seemed rather eager to go home.

🚨JUST IN: No verdict today in US v. Storm. The jury is being sent home and deliberations will continue Monday morning.

While you're waiting for the Storm verdict, it may make sense to take some time to understand what the White House outlined on financial privacy in its Digital Assets Report. Hint: it's not pretty. Full story👇

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White House Digital Assets Report Deems Financial Privacy "Primary Money Laundering Concern"

The White House Digital Assets Report asks the Treasury to finalize a rule that would codify all transactions that obfuscate the source of funds as...