Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus. Controversial German payments processor Wirecard — the issuer of several crypto debit cards — has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the […]
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Major breakthroughs the U.S., Russia and China lead this week’s cryptocurrency policy news as it looks like everyone is trying to bring the industry in from the cold. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Without breaking out the fanfare prematurely, […]
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Russia’s newly passed crypto bill finally provides a legal status to crypto, but does not allow it to be used as a payment method. Russia passed a major bill today related to cryptocurrencies like Bitcoin (BTC). The State Duma — Russia’s legislative body — has passed a bill titled “On Digital Financial Assets” in its […]
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LocalBitcoins COO Elena Tonoyan explains how the oldest peer-to-peer Bitcoin exchange is fighting against criminal activity on its platform. Elena Tonoyan, the COO at LocalBitcoins, explains how the oldest peer-to-peer Bitcoin exchange has been stepping up the fight against criminal activities on the platform. As of 2019, LocalBitcoins has been cited as the exchange receiving […]
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Russian media reported that Marsalek is hiding in Russia with funds that he was able to transfer there with Bitcoin. Wirecard chief operating officer Jan Marsalek reportedly used Bitcoin (BTC) to move funds from Dubai to Russia. Russian media outlet Kommersant reported on July 20 that Marsalek is hiding in Russia with funds that he […]
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Newest version of Russian bill “On Digital Financial Assets” does not criminalize crypto usage, but there is one more bill that might. A new version of Russia’s major draft bill on cryptocurrency regulation does not include criminal offence codes as lawmakers are expected to hold the bill’s second reading tomorrow. According to official records of […]
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Russian intelligence might have a lot to do with helping former Wirecard COO Jan Marsalek disappear into thin air. Jan Marsalek, the former chief operations officer of Wirecard who went missing after his supposed trip to the Philippines last month to chase the missing 2 billion Euro in the company’s books, has been located in […]
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Russian cybercrime is up 92% since last year. Igor Krasnov, Russia’s new Attorney General, says that cybercrime in Russia has surged 25 times over the past five years. Krasnov made the statement during a recent meeting devoted to fighting cybercrime in Russia, according to an official statement on July 17. Only 25% of cybercrime in […]
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The NCIS has seen an uptick in darknet purchases using Bitcoin. Blockchain analytic firms discuss procedures to combat crypto-related crimes, along with emerging challenges. Seven years ago, agents from the United States Federal Bureau of Investigation busted into a San Francisco Public Library to arrest Ross Ulbricht, the mastermind behind the Silk Road. Launched in […]
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Russia’s blockchain vote was the largest DLT-powered experiment in the country, but whether it went well or not is another matter. From June 25 to July 1, the Russian government held a public vote with the goal of finding out whether the country’s constitution should be amended. Part of the vote was held on blockchain […]
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