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PortuguêsGlobal monetary watchdog, the Financial Action Task Force (FATF), has added its voice to the growing chorus of concerns over Facebook’s Libra and other stablecoins. Mass adoption of such currencies…
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BitShares Decentralized Exchange (DEX) gateway CryptoBridge announced on Oct. 1 that it has implemented mandatory user Know Your Client (KYC) verification. European regulation is responsible Per the announcement, the reason…
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Executives at the Bank of Ireland (BOI) could join a trial in the case against Mark Scott, who allegedly helped launder nearly $400 million via cryptocurrency scam scheme OneCoin. Four…
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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…
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South Korean cryptocurrency exchange Upbit announced that it will cease trading support for six cryptocurrencies, including some so-called privacy coins. Block the possibility of money laundering In a Sept. 20…
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Security researchers have identified a new trend of lucrative and illicit Bitcoin (BTC) to cash conversions in their analysis of dozens of dark web marketplaces and forums. Financial scammers are…
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From speculation about its inherent value to theories about it being the payment method of choice for criminals, cryptocurrency is having a tough time keeping a clean name. One of…
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Neil Wals, chief of the United Nations Office on Drugs and Crime Global Cybercrime Program, warned that cryptocurrencies have made combating money laundering significantly harder. Australian news outlet ABC reported…
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Jesse Spiro, global head of policy at blockchain analytics firm Chainalysis, has said that he believes that transparency builds trust in crypto. Speaking with Cointelegraph, Spiro addressed widespread concerns that…
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A man who created his own Bitcoin ATM has pleaded guilty of money laundering and related crimes. Kunal Kalra, a resident of Westwood, California, used his machine and other means…
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By CCN Markets: One of the reasons governments have been against the adoption of bitcoin is because of its potential to be misused for illegal activities such as money laundering,…
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Blockchain analytics firm Chainalysis has launched transaction alerts for suspicious exchanges of a range of cryptocurrencies. In a post published on the firm’s blog on Aug. 22, Chainalysis announced the…
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A Los Angeles man pleaded guilty to running a $25 million Bitcoin (BTC) money laundering scheme and sale of methamphetamine. Possible life sentence News outlet U.S. News reported on Aug.…
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A Supreme Court judge in British Columbia (BC), Canada, has denied a motion to set aside an asset freeze, which was requested by the defendants in a multimillion dollar cryptocurrency…
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Crypto market aggregator CoinGecko has joined the network of blockchain analytics and anti-money laundering (AML) company Coinfirm. This partnership will reportedly allow CoinGecko to improve its exchange Trust Score algorithm,…
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Unlike the unfounded narrative that cryptocurrency enables crime, big banks are more than happy to serve unsavory clients if it is lucrative enough for them. The latest example of this…
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Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws,…
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Regulators across the globe and in the United States are taking a tougher stance on Bitcoin and other cryptocurrencies ever since the news broke that Facebook would be launching a…
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Goldman Sachs vice president and known Bitcoin skeptic Richard Gnodde is among 17 senior executives who could face ten years’ in prison for money laundering. Vice President Could Face 10…
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On July 25, 2019, United States prosecutors filed a complaint against the defunct cryptocurrency exchange BTC-e and its alleged former operator, Alexander Vinnik. The indictment was filed nearly 24 months…
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About 15 global jurisdictions, including the G7 countries, will reportedly develop a system for tracking crypto transactions to prevent illicit uses of cryptocurrencies. The Financial Action Task Force (FATF) is…
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Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC,…
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Wealthy businessman Eike Batista has been arrested by federal police on account of suspected money laundering, which they believe he achieved by trading Bitcoin (BTC) on his wife’s behalf. The…
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Thailand’s anti-money laundering regulator is planning to amend the country’s laws to include cryptocurrency. Speaking to the Bangkok Post, Police Major General Preecha Charoensahayanon, secretary-general of the Anti-Money Laundering Office (Amlo), said…
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A Thai regulator announced that the regulator will amend regulation to prevent crypto use for illicit activities, English-language local news outlet BangkokPost reports on Aug. 5. AMLO to focus on…
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Switzerland’s biggest cross-industry self-regulatory organization (SRO) has seen a spike of members from the cryptocurrency and blockchain industry. 88 members of Financial Services Standards Association have connection to crypto The…
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Security tokens platform TokenSoft has officially added Know Your Business (KYB) services following a successful alpha test in 2018. The San Francisco-based token issuance platform said in a press release…
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