Report: Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange

Two Israeli brothers have reportedly been arrested for phishing attacks and a successful hack of cryptocurrency exchange Bitfinex. Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchange Bitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reports on June 23. An Israeli police spokesperson reportedly told Finance Magnates […]

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FATF to Strengthen Control Over Crypto Exchanges to Prevent Money Laundering

Today’s Financial Action Task Force’s announcement focused on expanding regulation to keep digital currency out of laundering. Today’s Financial Action Task Force’s (FATF) announcement focused on digital currency’s role in money laundering and heightened regulation, as Secretary Steven Mnuchin noted in his closing remarks. The FATF — an intergovernmental organization that focuses its efforts on […]

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Blockchain-Based Energy Trading Firm to Optimize Solar Energy Distribution in Austria

Austria’s Graz to use DLT-enabled energy trading platform by Power Ledger in move toward zero-carbon energy. Blockchain-based energy trading firm Power Ledger will roll out its peer-to-peer (P2P) network in Graz, the second-largest city in Austria, according to an announcement on June 18. The Australia-based company has partnered with E-NEXT, an innovation arm of major […]

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Iceland’s Financial Regulator Approves Blockchain-Powered E-Money Firm

The Financial Supervisory Authority of Iceland approved a ConsenSys-backed blockchain firm to operate as e-money business. The Financial Supervisory Authority (FME), Iceland’s sole financial regulator, has approved the first blockchain-powered e-money firm in the country, crypto media outlet CoinDesk reported June 14. Reykjavik-based Monerium, backed by blockchain software company ConsenSys, has reportedly been approved by […]

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Lithuania to Regulate Cryptocurrency Exchange Sector With Obligatory ID Checks

The Baltic nation’s finance ministry will prepare new rules in line with EU directives on anti-money laundering. Lithuania is preparing new rules to govern cryptocurrency transactions, requiring businesses to prove the identity of clients, local daily news outlet Delfi reported on June 12. As part of its obligations to impose European Union anti-money laundering (AML) […]

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Crypto Advocacy Center Says Proposed UK AML Regulations Violate Privacy Rights

Nonprofit crypto advocacy center Coin Center has urged Her Majesty’s Treasury not to over-broaden the scope of the U.K.’s anti-money laundering regulations Coin Center — a nonprofit research and advocacy center focused on crypto-related public policy issues — has urged Her Majesty’s Treasury not to over-broaden the scope of the United Kingdom’s anti-money laundering/counter terrorism […]

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