#cryptocurrencies
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Gary Wang (FTX): The Idealist, Billionaire, and Alleged Criminal
By the age of thirty, Gary Wang has traversed a path leading him from being a young prodigy in mathematics to an outstanding programmer, subsequently transitioning from the co-founder of FTX to a defendant. His life exemplifies the transient nature of luck, particularly within the realm of cryptocurrencies. 
Citing potential fraud risks, British banking titan Chase has chosen to halt cryptocurrency-related payments from October 16th.
"If we think you're making a payment related to crypto assets, we'll decline it," was the message relayed to clients via email.
The bank also emphasized that those intent on investing in cryptocurrencies have the liberty to switch to other banks or providers. 
Singapore witnessed one of its largest crackdowns on money laundering last month. 400 police officers coordinated raids throughout the city-state, detaining 10 foreigners.
These individuals allegedly were "laundering the proceeds of their overseas organised crime activities, including scams and online gambling".
The seizures were significant, totaling $1.76 billion, with cryptocurrencies accounting for nearly $30 million.
The operation also led to the confiscation of 68 gold ingots, 110 real estate holdings, and 62 cars.
Sketches released provide a look at those under suspicion. 
NYDFS wants to increase transparency from cryptocurrency companies operating in the state, particularly in their processes for listing and delisting cryptocurrencies.
The new framework will require firms to develop their coin-listing policies in three key areas: governance for the coin-listing process, risk assessments of coins, and procedures for monitoring coins.
The framework will also require firms to provide detailed information on their criteria and decision-making process for delisting a coin.
The proposed legislation is open for public comments and will remain so until October 20th. Japan Allows Fundraising Through Cryptocurrencies
In an innovative update to its regulatory framework, Japan has made a significant move to modernize startup financing. The nation's government has decided to allow businesses to attract investors using their own cryptocurrencies, breaking from the traditional reliance solely on shares. 
