The Philippine Institute for Peace, Violence and Terrorism Research has been tracking transactions made by local terror groups. A report published by the Philippine Institute for Peace, Violence and Terrorism Research (PIPVTR) reveals that terrorist groups related to Islamic State (IS) in Southeast Asia have recently made their first transactions using cryptocurrencies. According to the […]
Continue ReadingBlockchain 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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The Libra Association has appointed former FinCEN and OFAC head Robert Werner as its chief lawyer. On May 19, the Libra Association, the organization behind Facebook’s Libra stablecoin project, announced the appointment of Robert Werner as its general counsel, in what seems to be a continuing strategy to reconcile with regulators. Werner brings vast experience […]
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The ransomware gang responsible for stealing almost 1TB of legal secrets from celebrities and entertainers last week is now targeting the President. The ransomware gang that stole almost 1TB of legal secrets from the biggest names in the entertainment industry is now demanding $42 million in cryptocurrency or else it will expose U.S. President Donald […]
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Crypto companies, intelligence firms and law enforcement agencies team up to fight human trafficking through data sharing and educational awareness. It may seem like an unlikely combination, but crypto companies and law enforcement agencies are joining forces to combat a major global crime: human trafficking. The Anti-Human Trafficking Intelligence Initiative (ATII) launched a cryptocurrency consortium […]
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Check out this week’s Bad Crypto News. Only a few more days to go now before the halving! Less than a week and all those miners will be taking a giant pay cut. And it comes after a great week for Bitcoin. The price has risen by more than 6 percent over the last seven […]
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Regulation is one of the biggest hurdles for crypto in India as exchanges continue the legal battle to establish a clear framework. It was early in March when India’s Supreme Court delivered a historic verdict on a landmark case that promised a new era for crypto in India. The Supreme Court moved to lift the […]
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A man who enforced anti-money laundering under two U.S. presidents has been named the CEO of the Libra Association. May 6, the Libra Association announced the appointment of Obama’s former under secretary for terrorism as its first CEO. Stuart Levey served as an under secretary for terrorism under the administrations of George W. Bush and […]
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In new legislation, the Cayman Islands is looking to clarify rules on crypto exchanges, including registration and sandbox licensing. On April 28, the legislative assembly of the Cayman Islands gazetted five new pieces of legislation governing crypto businesses — especially exchanges. How the new legislation would change the Cayman Islands’ crypto industry The Virtual Asset […]
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The members of the Joint Chiefs of Global Tax Enforcement are updating their crypto laws to prevent financial crimes and money laundering. Cybercriminals are taking full advantage of the COVID-19 pandemic, which has forced life into a digital realm, by leveraging increased fear and uncertainty to steal money and launder it through the complex cryptocurrency […]
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