Newscasts - Crypto Weekly: Nasdaq bells and forced labor phishing scams
18/09/2025 12:12
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_sawd0p5a&referenceId=tag:reuters.com,2025:newsml_RW594318092025RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: From Donald Trump's sons ringing the Nasdaq opening bell to crypto traps and forced labor in Southeast Asia, Ciara Lee rounds up the big crypto stories of the week. Short Link: https://lseg.group/47K5kRJ Video Transcript: From American Bitcoin opening the NASDAQ to forced labor in Southeast Asia, this is Crypto Weekly. The bitcoin company tied to Donald Trump's two eldest sons rang the opening bell at the NASDAQ. It follows the firm's debut at the start of the month, as crypto ventures become an important driver of growth for the president's family. Co-founder of American Bitcoin Eric Trump owns around 20% of the firm with his brother Donald Junior. American Bitcoin. I think we have the absolute greatest name in crypto on the best exchange. And Jeff, you're really going to like when I say that, on the best exchange anywhere in the world. But it's amazing. You know, never did I think a journey from being de-banked by the largest financial institutions in America would lead a hard-asset family like ours to believe in the digital revolution that we're seeing not just in America, but all over the world. France has warned it may try to block some crypto firms licensed in other EU countries from operating domestically. The head of the financial watchdog told Reuters that it wants oversight transferred to the bloc's central securities regulator. It's concerned that crypto companies are seeking out jurisdictions with more lenient licensing standards. Lured from Kenya to Southeast Asia in 2024, Duncan Okindo was promised a customer service job in Thailand. Instead, he says he was abducted to the lawless Myanmar-Thai border where he was forced to work in a scam call compound. Okindo told Reuters that many of the workers used a free version of ChatGPT to craft messages designed to trick Americans into making fake cryptocurrency investments. The goal was to convince at least two real estate agents a day to open a crypto account and deposit money for non-existent investments.