ChainCatcher news, according to Portal Do Bitcoin, Argentina's Financial Information Unit (UIF) and the Securities Commission (CNV) have conducted on-site supervision of a Bitcoin and cryptocurrency exchange for the first time to identify risks related to money laundering, terrorist financing, and the financing of weapons of mass destruction.This inspection is part of the UIF's 2024 annual regulatory plan and took place at an undisclosed exchange in the city of Rosario, Santa Fe Province. According to Resolution No. 49/2024, virtual asset service providers are required to report to the UIF and register with the CNV. This move comes as Argentina increases its vigilance against cryptocurrency-related scams, with recent reports of unregistered platforms involved in fraudulent activities.

ChainCatcher news, according to The Block, former Celsius CEO Alex Mashinsky has requested to subpoena six witnesses who previously worked at the crypto company to testify on his behalf, as he may face over 100 years in prison.Mashinsky was arrested last year, and prosecutors accused him of deceiving customers and misleading about Celsius's profitability. In a memorandum submitted by his lawyer last Friday, he requested the New York District Court to allow these witnesses to testify in his criminal trial, including the chief financial officer and chief revenue officer of the crypto lending platform. The lawyer stated that many of the witnesses he intends to subpoena reside outside the United States.Mashinsky's lawyer claimed in the memorandum that he had no intention of harming anyone.

ChainCatcher news reports that the Serbian Office of the Tech Criminal Prosecutor and the U.S. Attorney's Office have revealed that Terraform Labs CEO Do Kwon and Chai Corporation's former CEO Shin Hyun-seung (also known as Daniel Shin), who fled together, have established a company related to cryptocurrency business in Serbia.It is reported that the prosecution is confirming whether Do Kwon set up the legal entity to officially conduct virtual asset business in Serbia or to establish a shell company for money laundering and other purposes. (source link)