Hodler's Digest, September 16-23: Elon Musk Wants Advice on Twitter Crypto Scammers, the US SEC Wants Comments on BTC ETFs

As a result of a security breach on September 14, hackers have managed to steal 4.5 billion yen from Japan's Zaif cryptocurrency exchange, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million.

Elon Musk, the CEO of SpaceX and Tesla Elon Musk asked Jackson Palmer, the creator of Dogecoin, to help him combat "Annoying" cryptocurrency scammers on Twitter this week.

A new report published by the New York Attorney General's office states that cryptocurrency exchanges are vulnerable to manipulation, conflicts of interest, and other consumer risks.

The findings, part of the "Virtual Markets Integrity Initiative" that consisted in surveying 13 cryptocurrency exchanges, found that an absence of standard methods for auditing virtual assets results in the lack of a consistent and transparent approach to independently auditing digital currency traded on exchanges.

Ukrainian Parliament Seeks To Tax Cryptocurrency Assets With New Bill.Ukraine's parliament has proposed a bill that would tax operations with crypto assets with a five percent tax on individuals and legal entities operating with virtual currency assets, such as cryptocurrencies and tokens.

Financial Task Force Says International AML Standards For Crypto Coming Soon.The Financial Action Task Force said it is getting closer to the establishment of a global set of anti-money laundering standards for cryptocurrencies.

Crypto Exchange Huobi Joins Russian Bank Innovation Fund.Cryptocurrency exchange Huobi has joined Russia's VEB Innovation Fund to share notes on crypto regulation.

German Finance Minister Doubts Whether Crypto Could Ever Replace Fiat.Germany's Finance Minister Olaf Scholz doubted publicly this week that cryptocurrencies can currently replace traditional fiat currencies.

Scholz compared cryptocurrencies to the tulip fever bubble in the Netherlands in the 17th century saying, "And the danger is great that there will be such a tulip inflation," noting that cryptocurrencies should also be closely observed by regulators, as they could be used for terrorist financing, money laundering or other criminal activities.

The probe, which was initiated n the request of the Brazilian Blockchain and Cryptocurrency Association following several complaints, will determine whether the country's largest banks closed the accounts of brokerages trading in Bitcoin.