money laundering Archives

Bitpanda misleading claims slapped down by UK regulator

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25 February, 2022

Bitpanda misleading claims slapped down by UK regulator

Bitpanda claimed that it could now perform regulated custodian services in the U.K., but the FCA, which regulates Trustology, quickly...

US Treasury: NFTs could be linked to money laundering

Business

Gavin Lucas

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10 February, 2022

US Treasury: NFTs could be linked to money laundering

The U.S. Department of Treasury elaborated that the portable nature of NFTs, which can be moved internationally and instantly, makes...

North Korean hackers stole $400M from digital currency platforms: Chainalysis

Tech

Steve Kaaru

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20 January, 2022

North Korean hackers stole $400M from digital currency platforms: Chainalysis

The hackers launched at least seven attacks targeting exchanges and investment firms and laundered the money through an intricate web...

South Korea’s Coinone exchange blocks withdrawals to unverified wallets

Business

Steve Kaaru

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5 January, 2022

South Korea’s Coinone exchange blocks withdrawals to unverified wallets

Wallets such as MetaMask and Ledger, which don't require KYC verification, will no longer be usable on Coinone, a top...

Nationalist organization in India calls for Bitcoin ban as gov’t further delays regulation

Business

Steve Kaaru

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31 December, 2021

Nationalist organization in India calls for Bitcoin ban as gov’t further delays regulation

The Swadeshi Jagran Manch says Bitcoin must be banned or it could pose great danger to the financial market, but...

BTC ATM fraudster charged with laundering $2.6M faces 5 years in UK jail

Business

David Abel

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29 December, 2021

BTC ATM fraudster charged with laundering $2.6M faces 5 years in UK jail

Bazyli Rymarz, who has been charged with laundering $2.6 million via digital currency ATMs, has been sentenced to spend five...

IRS report yet again disproves myth that BTC is outside reach of law

Business

Gavin Lucas

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29 November, 2021

IRS report yet again disproves myth that BTC is outside reach of law

IRS Criminal Investigation released its 2021 annual report detailing over 2,500+ investigations and prosecutions the agency has done this year.

FCA to spend $670k on digital currency training and forensics

Business

Steve Kaaru

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26 November, 2021

FCA to spend $670k on digital currency training and forensics

The U.K. regulator has issued a tender offer for a firm that can provide “a platform that can support the...

Digital currency hackers camping out at Russia’s popular skyscraper: report

Tech

David Abel

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21 November, 2021

Digital currency hackers camping out at Russia’s popular skyscraper: report

Suex OTC, EggChange, Buy-bitcoin.pro., and CashBank are the four companies which experts said have been laundering money through ransomware-related activity...

Israeli police arrest soccer club owner over alleged digital currency scam

Business

Steve Kaaru

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21 November, 2021

Israeli police arrest soccer club owner over alleged digital currency scam

Beitar Jerusalem football club owner was among those arrested over allegedly defrauding millions of shekels from investors, but he has...

Kazakhstan passes new law to regulate digital currency firms

Business

Steve Kaaru

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11 November, 2021

Kazakhstan passes new law to regulate digital currency firms

The Kazakh Senate approved the law that now puts the digital currency sector under the Digital Development Ministry and requires...

2 digital currency exchanges under probe in Sweden over AML compliance

Business

Ed Drake

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31 October, 2021

2 digital currency exchanges under probe in Sweden over AML compliance

The Swedish financial regulator seeks to determine how the digital currency exchanges comply with the requirements on anti-money laundering provisions.

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