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Archive · December 12, 2025

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Story 01

Terraform Labs Co-Founder Gets 15-Year Sentence for Crypto Crash

Do Kwon, co-founder of Terraform Labs, has been sentenced to 15 years in prison due to his involvement in the $40 billion crash of TerraUSD and Luna coins in 2022. This marks a significant moment in cryptocurrency regulation, underscoring the legal risks and the need for robust compliance frameworks in the digital currency space.

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Also Worth Knowing
№02

Mollie Acquires GoCardless, Signaling Fintech Consolidation

In a strategic expansion, Mollie has acquired GoCardless, heralding a new era of consolidation in the venture-backed fintech payment sector. This acquisition could dramatically alter the competitive dynamics, offering new integrated solutions and setting a precedent for future mergers and acquisitions in fintech.

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№03

BIS Initiates Post-Quantum Cryptography Tests for Payments

The Bank for International Settlements is collaborating with Swift and central banks from Italy, France, and Germany to test post-quantum cryptography in payments. This forward-looking initiative is crucial for preparing the financial infrastructure to withstand future technological disruptions and ensuring long-term security.

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№04

Bank of England Explores Introduction of Digital Pound

The Bank of England is actively consulting with businesses about the potential introduction of a digital pound. This exploration reflects a significant interest in digital currencies by major central banks, potentially transforming the financial landscape with implications for global payments and monetary policy.

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№05

Open Banking in the UK Faces Increasing Fraud Challenges

The UK's open banking payments are experiencing a surge in fraud, particularly in authorized push payment scams. This troubling trend highlights the ongoing security challenges in the evolving fintech landscape, emphasizing the need for advanced fraud prevention technologies and regulatory strategies.

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The Long Memory
“Did you know that the Bank for International Settlements, established in 1930, is the world's oldest international financial organization?

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