This Week on Crypto Twitter: XRP Gains Wiped Out, Seychelles Exchanges Ramp Up KYC, Circle Expands - Decrypt

Chinese crypto exchange ByGet has announced that it will strengthen its Know-Your-Client (KYC) policy amidst increasing scrutiny from global regulators, following in the footsteps of other crypto exchanges such as OKX and KuCoin. Additionally, the co-founder of Tornado Cash, Roman Semenov, has been added to the U.S. Department of the Treasury's specially designated nationals list.

decrypt.co

Relevant topic timeline:

8/23/2023

Two founders behind Russian crypto mixer Tornado Cash charged by US federal courts

The founders of Tornado Cash, a Russian cryptocurrency mixing service, have been charged with conspiracy to commit money laundering, sanctions violations, and operating an unlicensed money transmitting business. The charges stem from the platform's involvement in over $1 billion worth of alleged money laundering transactions, including funds stolen by a North Korean cybercrime organization.

8/26/2023

This Week in Coins: Bitcoin and Ethereum Recover While Pepe Gets Squeezed - Decrypt

The cryptocurrency market remained relatively stable this week, with Bitcoin and Ethereum holding their value, but meme coin PEPE experienced a significant drop in price, and the PepeCoin team's transfer of a large amount of PEPE to exchanges caused panic selling. Additionally, notable news included Kenya's inquiry into OpenAI CEO Sam Altman's Worldcoin project, the arrest of Tornado Cash founder Roman Storm for money laundering-related crimes, and the approval of land and resource tokenization in the Central African Republic.