In one of the largest crypto-related enforcement actions in Southeast Asia, Singapore has frozen more than S$150 million in assets tied to Chinese-born tycoon Chen Zhi, the chairman of Cambodia’s Prince Holding Group, after allegations he masterminded a $14.4 billion Bitcoin laundering empire spanning continents.

South Korean police broke up a fraud ring in Pattaya, Thailand, accused of stealing about $15 million from nearly 900 victims. Twenty-five suspects were arrested, while the alleged ringleader and others remain in Thai custody as extradition continues.

Italy has passed the EU’s first full AI law, introducing human oversight, strict rules against misuse, and penalties for crimes like deepfakes and fraud. The law covers key sectors, requires transparency, and provides €1 billion to support domestic AI and tech innovation.