Tag: money laundering

#DeleteCoinbase: Exchange Users Respond to Acquisition of a Firm Run by Former Spyware Developers

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Coinbase had acquired Neutrino, a startup run by ex-Hacking Team members. Last week, Coinbase announced that it had acquired Neutrino, a blockchain intelligence startup, which at first seemed like a regular purchase for the ever-growing United States cryptocurrency exchange. However, soon the crypto community learned that Neurino’s key staff are directly affiliated with Hacking Team, […]

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FATF Issues Preliminary Guidelines on Digital Assets to Combat Money Laundering

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The Financial Action Task Force has updates its guidelines on digital assets to combat money laundering and terrorism financing. The Financial Action Task Force (FATF), an intergovernmental organization that develops policies against money laundering, has published preliminary guidelines for cryptocurrencies on its website on Thursday, Feb. 28. The FATF held a meeting on preliminary crypto […]

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Hong Kong Entrepreneur Who ‘Made It Rain’ from High-Rise Arrested for Crypto Mining Fraud

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A purported Bitcoin millionaire, allegedly involved in a publicity stunt throwing money from a high-rise in Hong Kong, is now accused of mining-related fraud. A purported Bitcoin millionaire (BTC) who was previously involved in “making it rain cash” on the streets of Hong Kong, has reportedly been arrested for mining-related fraud, the South China Morning […]

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European Regulatory Chair Supports New Digital Asset Regulations

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The chairman of the European Securities and Markets Authority, Steven Maijoor, has supported new regulations for digital assets to help investors. The chairman of the European Securities and Markets Authority (ESMA) — the European Union-level financial markets supervisor — has said that he supports further regulations on digital assets, political news outlet Roll Call reported […]

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Bahrain Central Bank Releases First Crypto Exchange to Graduate Its Regulatory Sandbox

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Bahraini crypto exchange Rain has reportedly graduated from the Central Bank of Bahrain’s Regulatory Sandbox and passed Shariah compliance. Bahrain-based Shariah compliant cryptocurrency exchange Rain has first completed the Central Bank of Bahrain’s (CBB) Regulatory Sandbox, the Saudi Gazette reported on Feb. 26. Rain, which was founded in 2016, has reportedly become the first digital […]

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Russian Supreme Court Classifies Illicit Crypto Use Under Money Laundering Laws

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The Russian Supreme Court has approved amendments to its anti-money laundering decree, making crypto laundering criminally punishable. The Russian Supreme Court has included the illicit use of cryptocurrencies in the list of criminal offences related to money laundering, local legal news site Pravo reported on Tuesday, Feb. 26. The court has introduced new amendments to […]

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Bahrain’s Central Bank Issues New Cryptocurrency Regulation

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The Central Bank of Bahrain has issued new cryptocurrency regulation, after releasing draft proposals last year. The Central Bank of Bahrain has issued new cryptocurrency regulation, English-language local media TradeArabia reports on Feb. 25. Before, in December last year, the central bank had issued draft proposals to potentially regulate and license crypto asset services. The new […]

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