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Policy
Over $40 million in seized assets allocated for OneCoin scam victims
More than a decade after the OneCoin scam began, victims of the $4 billion cryptocurrency fraud scheme are now eligible for compensation from a $40 million fund of seized assets, as announced by the US Department of Justice on Monday. Between 2014 and 2019, co-founders Ignatova and Karl Sebastian Greenwood, along with others, operated a global cryptocurrency investment scheme that defrauded up to…
April 14, 2026, 11:17 a.m.
Policy
Over $40 Million in Seized Assets to be Distributed to OneCoin Scam Victims
A $40 million fund has been established for victims of the $4 billion OneCoin cryptocurrency scam, as announced by the US Department of Justice. The international scheme, which operated from 2014 to 2019, defrauded approximately 3.4 million investors worldwide. OneCoin's founders, Ignatova and Greenwood, orchestrated the scam through a global multi-level marketing network, selling a fake cryptocu…
April 14, 2026, 11:17 a.m.
Policy
Over a Decade After the Scam Began, OneCoin Victims Receive a $40 Million Reprieve
The U.S. Department of Justice has established a $40 million compensation fund for victims of the OneCoin $4 billion cryptocurrency fraud scheme, which was announced on Monday. Between 2014 and 2019, Ignatova and Karl Sebastian Greenwood, co-founders of OneCoin Ltd., along with others, orchestrated a global cryptocurrency investment scam that deceived up to 3.4 million investors worldwide, accord…
April 14, 2026, 11:17 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Backed Digital Currency, Limited Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has expressed support for a central bank-led digital currency model, suggesting that it should form the backbone of South Korea's digital monetary system, with stablecoins playing a secondary role. According to Yonhap, Shin stated that he anticipates central bank digital currencies and deposit tokens to coexist with stablecoins in a supplemen…
April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank-Led Digital Currency Initiative
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Role
According to Shin Hyun-song, the nominee to lead the Bank of Korea, the country's digital monetary system should be centered around a central bank digital currency and bank-issued deposit tokens, with stablecoins playing a supporting role. He noted that central bank digital currencies and deposit tokens can coexist with stablecoins in a competitive and supplementary manner. In his written remarks…
April 14, 2026, 10:01 a.m.
Policy
Nominee for Bank of Korea Governor Supports Central Bank-Backed Digital Currency, Views Limited Potential for Stablecoins
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Supports Central Bank Digital Currency, Sees Limited Scope for Stablecoins
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April 14, 2026, 10:01 a.m.
Policy
Bank of Korea Nominee Advocates for Central Bank-Driven Digital Currency, Limited Stablecoin Role
The nominee to lead the Bank of Korea, Shin Hyun-song, has outlined a vision for South Korea's digital monetary system, where central bank digital currencies and bank-issued deposit tokens form the foundation, with stablecoins playing a secondary, supplementary role. In remarks submitted to parliament, Shin expressed support for introducing a won-based stablecoin, but underscored the need for tru…
April 14, 2026, 10:01 a.m.
Policy
Nominee for Bank of Korea Supports Digital Currency Led by Central Bank, Sees Minimal Role for Stablecoins
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April 14, 2026, 10:01 a.m.