2022-6-6 20:29 |
A report from Reuters claims that Binance may have allowed the laundering of more than $2.35 billion over a period of five years. The report highlighted instances when North Korean... origin »
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The EU is stepping up its anti-money laundering (AML) game and crypto monitoring with the introduction of a new agency. European Commission Proposes New Anti Money Laundering Regulator Documents seen by Reuters confirmed that the EU bloc is taking a tougher stand on money laundering, terrorist financing, and organized crime.
2021-7-9 19:39 | |
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Bitcoin prices drifted higher on Wednesday, breaking away from bearish calls as Christine Lagarde raised the need to regulate it at the global level. In an interview with Reuters, the European Central Bank President said that Bitcoin is a highly speculative asset that has facilitated “some reprehensible activity,” such as money laundering, adding that “there […]
2021-1-14 22:58 | |
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Sanctions experts from the United Nations have warned blockchain enthusiasts against attending an upcoming cryptocurrency conference in North Korea. Attending the Pyongyang Event Could Breach Sanctions According to Reuters, a confidential report will be submitted to the UN Security Council warning that the event will include discussions that cover sanctions evasion and money laundering.
2020-1-16 16:25 | |
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The regulatory watchdog in Hong Kong is set to release clear regulations regarding cryptocurrency exchanges in the country. According to a report by Reuters on November 6, 2019, the new set of crypto regulations will center on areas such as know-your-customer (KYC), anti-money laundering, and custody rules.
2019-11-7 02:00 | |
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German authorities have raided the Frankfurt headquarters of Deutsche Bank, for information pertaining to the 2018 Danske Bank money-laundering scandal. Prosecutors were looking for evidence that Deutsche Bank either facilitated the money-laundering or failed to report suspicious transactions quickly enough.
2019-9-26 11:00 | |
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United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, has declared that Facebook’s proposed Libra global cryptocurrency project will not be launched unless Libra complies with tough anti-money laundering (AML) and anti-terrorist financing standards, reports Reuters on September 10, 2019.
2019-9-11 16:16 | |
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The bullion market is slowly but steadily flooded with ‘dirty gold bars,’ according to a recent Reuters report. It’s interesting to know what Peter Shiff and other gold supporters would say about this.
2019-8-28 14:00 | |
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Japan’s government is working on the creation of a new international network for payments based on cryptocurrencies in order to fight money laundering inside the region, according to an article posted July 18, 2019 by Reuters.
2019-7-19 11:05 | |
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The Japanese government has started developing a crypto payments platform similar to SWIFT according to reports. The effort has come as part of a wider spread initiative to combat money laundering.
2019-7-18 13:19 | |
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Japan is set to further its pioneering spirit when it comes to cryptocurrency. The Japanese government is currently developing an international cryptocurrency payments network similar to the SWIFT network currently used by banks, Reuters reports.
2019-7-18 12:45 | |
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According to a report published by Reuters on June 21, 2019, France is set to form a G7 cryptocurrency task force to explore how global central banks can regulate cryptocurrencies like Facebook’s Libra without the risk of it being used for money laundering and other illicit activities.
2019-6-22 23:00 | |
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Japan’s Financial Services Agency (FSA) recently investigated two cryptocurrency exchanges which made significant changes in its management as reported by Reuters. The regulatory watchdog was on the lookout for the modalities put in place by these platforms to prevent money laundering and to protect customer funds.
2019-4-24 22:00 | |
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Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation. According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global.
2019-4-24 22:55 | |
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Japan‘s top financial regulator has raided two cryptocurrency exchanges to enforce anti-money laundering rules, Reuters reports. Financial Services Agency (FSA) agents inspected digital asset firms Huobi Japan and Fisco Cryptocurrency Exchange to make sure appropriate customer protections were in place.
2019-4-23 17:28 | |
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Estonia’s e-Residency program allows location-independent non-citizens and firms to access services such as banking digitally. Cryptocurrency firms have particularly embraced the program warmly with around 600 of them estimated to be registered there currently.
2019-2-2 15:30 | |
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Japan’s Financial Services Agency (FSA) has granted self-regulatory status to the country's cryptocurrency industry, giving the Japan Virtual Currency Exchange Association (JVCEA) authority to oversee the space, according to a Reuters report.
2018-10-25 21:29 | |
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The Financial Action Task Force announced plans to set forth rules regulating cryptocurrency in line with its global AML/CFT standards. This move is geared towards eradicating the use of digital currencies for money laundering and financing terrorism.
2018-10-19 23:04 | |
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The Financial Action Task Force (FATF) – the France-based intergovernmental body founded in 1989 to develop policies for tackling money laundering – has said it will begin publishing rules for international cryptocurrency regulation by next summer.
2018-10-22 20:23 | |
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Perhaps feeling pressure from worldwide regulators, international cryptocurrency exchange Coinbase has finally resorted to arming itself with a chief compliance officer, Reuters reports. They’ve put Jeff Horowitz in charge of keeping Coinbase in line as it continues its global expansion.
2018-7-31 18:15 | |
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The Financial Action Task Force (FATF), the international group that combats money laundering and terrorism financing, will start developing binding rules for crypto exchanges in June, a Japanese official familiar with the matter told Reuters June 12.
2018-6-13 08:58 | |
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A Chinese trader helped the North Korea-linked hacker Lazarus Group launder millions of dollars’ worth of stolen cryptocurrencies. Blockchain investigator ZachXBT revealed in a post on X on Oct. 23 that Yicong Wang, a Chinese over-the-counter trader who operated under…
Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges "are going to be crucial," as it remains open to "everything that is possible to help solve this situation."
ALEX Lab, a Bitcoin DeFi application, has linked its recent exploit to the notorious North Korea-backed Lazarus Group. Last month, ALEX Lab suffered a significant security breach that resulted in the loss of over $4 million worth of various tokens after attackers gained access to the private key controlling its XLink bridge.
Quick Take On June 24, Bitcoin experienced a significant price drop, breaking below the $60,000 mark and hitting a low of approximately $58,500. This decline led to a substantial realized loss of over $500 million, with data from Glassnode pinpointing the loss at $537 million.
The North Korean hacker group stole the funds over the last six years, which was likely used to fund the country's projects, the report said.
In a new report, Estonia’s preeminent crypto payment and personal wallet provider, CoinsPaid, has revealed the intricate workings of a hacking incident that led to a colossal loss of $37 million. This audacious breach was reportedly the culmination of a six-month saga marked by calculated maneuvers and sophisticated tactics, orchestrated by none other than the notorious Lazarus Group.
Cryptocurrency processing platform CoinsPaid has resumed operations after suffering a significant hack last week. The event, which occurred on July 22, forced the platform to put a hold on its operations for four days.