The UK is moving to compensate victims of a massive Bitcoin fraud tied to a 61,000 BTC seizure, but court filings and policy signals suggest the government may retain most of the estimated $7.2 billion haul after restitution. The Home Office is developing a centralized “crypto storage and realisation framework” to manage confiscated digital assets, while civil recovery proceedings determine how funds are distributed.

The Federal Reserve, the central bank of the United States, has announced a significant change in how it supervises banks. Going forward, the Fed will no longer use “reputational risk” as a factor when examining banks’ activities and relationships. Instead, the focus will shift to more concrete, measurable financial risks.