Blockchain forensics firm Chainalysis has debunked several high-profile stories about the use of crypto to fund terror groups. Blockchain forensics firm Chainalysis has published a report debunking a number of popular narratives surrounding the use of crypto to finance terrorism. The report emphasizes the harm of false reporting in spreading misinformation and damaging the reputation […]
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Chinese authorities have busted a group of scammers allegedly claiming to be “Huobi officials”. Chinese authorities have dismantled a group of alleged scammers posing as Huobi exchange officials, who were operating an over-the-counter (OTC) website. As reported by local media outlet Jinse, on May 20 police arrested 12 suspects in Guangdong province believed to be […]
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Trading giant BitMEX briefly went offline just three days after being hit with a massive lawsuit, citing a trading engine error. Major Bitcoin (BTC) derivatives exchange BitMEX went offline earlier on May 19, citing trading engine failure. The platform was inaccessible for a brief time, and is currently back online as of press time. “The […]
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Today is the deadline for Dutch crypto companies to register with the Dutch Bank per new AML rules. The deadline is here: On May 18, unregistered Dutch crypto firms could face penalties if they do not fall into line with the Netherlands’ new anti-money laundering (AML) laws, passed by the Dutch Upper House on April […]
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XRP TipBot has avoided closure due to the Netherlands’ strict implementation of AMLD5 via a partnership with Uphold. XRP TipBot, a service enabling users to transfer XRP to each other via comments on Twitter, Reddit and Discord, has been saved from the threat of extinction at the hands of new regulations in the Netherlands. In […]
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BitMEX and its executives have been accused of engaging in or abetting crimes that include racketeering, money laundering, wire fraud and unlicensed money transmission. BitMEX, one of the world’s largest crypto derivatives exchanges, has been accused in court of being “deliberately designed, from the ground up” to facilitate “a myriad of illegal activities.” The allegations […]
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Advantages and challenges in the usage of blockchain in digital services provided by governments: Overview with a close look at Brazil. In a recent trend survey made by DMEXCO and presented at an event in Cologne, Germany, it was determined that although the world is currently suffering economically, the digital economy may greatly benefit after […]
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Sydney police have arrested an Australian woman for allegedly running a crime syndicate using Bitcoin to launder $3.23 million since 2017. An Australian woman was arrested by police at a Sydney shopping centre on May 1, after allegedly selling Bitcoin (BTC) for 60,000 Australian dollars ($38,800) in cash. According to a report from Daily Mail […]
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South Korea and Singapore may have the best regulations around compliance with the Financial Action Task Force guidelines. CoolBitX Founder Michael Ou believes regulators in Asia are leading the way when it comes to compliance with the Financial Action Task Force (FATF) travel rule, which is due to be implemented in June. The startup has […]
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As FATF’s purported deadline for the travel rule is just a few weeks away, crypto regulation expert Siân Jones argues that its adoption could take years. Last year, the Financial Action Task Force (FATF) asked global jurisdictions to adopt its anti-money laundering, or AML, guidelines for crypto. As the apparent deadline is just a few […]
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