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Australia’s finance watchdog to crack down on dormant crypto exchanges
30.4.2025
Australia’s financial intelligence agency has told inactive registered crypto exchanges to withdraw their registrations or risk having them canceled over fears that the dormant firms could be used for scams.There are currently 427 crypto exchanges registered with the Australian Transaction...
Australia’s finance watchdog to crack down on dormant crypto exchanges
30.4.2025
Australia’s financial intelligence agency has told inactive registered crypto exchanges to withdraw their registrations or risk having them canceled over fears that the dormant firms could be used for scams.There are currently 427 crypto exchanges registered with the Australian Transaction...
Australia to crack down on crypto ATM providers, citing money laundering risk
6.12.2024
Australia has the third largest number of crypto ATMs in the world and regulators are worried they could be facilitating financial crime
South Korea Vows to Crack Down on Crypto Money Laundering
4.12.2024
South Korea’s financial regulator says it is taking steps to combat money laundering and other financial crimes involving virtual assets. Virtual Assets and Financial Crime The head of South Korea‘s financial services industry regulator recently vowed to crack down on those who...
Operation Niflheim: Brazilian Authorities Crack Down on $9.7 Billion Crypto Money Laundering Rings
12.9.2024
The Brazilian Federal Police dismantled an operation that used crypto to launder money from criminal sources, sending it abroad. Operation Niflheim involved the issuance of eight arrest warrants and 19 search and seizure orders against these groups that operated in Caxias do Sul, Sao Paulo...
Nigeria’s SEC to crack down on unregulated crypto exchanges
9.9.2024
Nigeria’s SEC will enforce regulations on unregulated crypto businesses, protecting investors while encouraging innovation in the growing market
Crypto Biz: US regulators crack down on Uniswap
6.9.2024
This week’s Crypto Biz explores several regulatory developments targeting crypto firms, including charges against Uniswap, a delay in a decision on an eco Bitcoin ETF, and a potential challenge to FTX’s repayment plan
Federal Agents Crack Down on Drug Ring Using Crypto Mixers
21.6.2024
Holly Danielle Adams, 34, from California, has pleaded guilty to charges of drug distribution conspiracy and money laundering via cryptocurrency mixers. This case stems from an investigation by the Northern California Illicit Digital Economy (NCIDE) Task Force, a federal team dedicated to combating...
Malaysia Launches Special Operation to Crack Down on Crypto Tax Evasion
16.6.2024
Malaysia’s Inland Revenue Board (IRB), in collaboration with the Royal Malaysia Police and Cybersecurity Malaysia (CSM), recently launched a special operation codenamed “Ops Token” to tackle tax revenue losses from cryptocurrency trading. The initiative, involving 38 personnel...
Russian Energy Firms Prepares to ‘Hunt’ Private Crypto Miners
13.5.2024
Russian energy firms are preparing to “hunt down” and crack down on people mining cryptoassets at home, a report claimed on May 12.
The post Russian Energy Firms Prepares to ‘Hunt’ Private Crypto Miners appeared first on Cryptonews
CFTC Chairman Says Expect Regulators to Crack Down on More Crypto Firms
7.5.2024
The Commodity Futures Trading Commission chairman Rostin Behnam said cryptocurrency firms can expect to see more enforcement action from U.S. regulators in the next 6 to 24 months as retail interest in the asset class increases.
The post CFTC Chairman Says Expect Regulators to Crack Down on More...
Nigerian fintechs crack down on crypto, users face account blocks
3.5.2024
The CBN's attitude to crypto has been inconsistent in recent years and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening
SEC, DOJ Charge Individuals in $1.9 Billion Hyperfund Cryptocurrency Fraud
31.1.2024
The SEC alongside the DOJ, has levied serious charges against key figures in a $1.9 billion cryptocurrency fraud scheme involving Hyperfund. SEC and DOJ Crack Down on $1.9 Billion Hyperfund Crypto Fraud The U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have taken...
Indonesian Authorities Raid Ten Crypto Mining Facilities for Energy Theft
29.12.2023
Source: AdobeStock / Photocreo Bednarek Indonesian authorities crack down on ten Bitcoin (BTC) mining sites for stealing energy from the national grid to power mining operations in the country. According to reports from local media outlets, the government moved in on ten crypto mining sites whose...
Indonesian Authorities Crack Down on Bitcoin Miners Stealing Electricity From National Grid
29.12.2023
The thieves allegedly tapped into utility poles of a state-owned energy firm to power mining operations
Senate Coalition Grows to Crack Down on Crypto’s Use in Illicit Finance
13.12.2023
U.S. Senator Elizabeth Warren’s bill to crack down on crypto’s use in illicit finance has gained more support among lawmakers. “The Treasury Department is making clear that we need new laws to crack down on crypto’s use in enabling terrorist groups, rogue nations, drug lords...
US Lawmakers Launch Bill to Counter Terrorism and Threats Involving Digital Assets
10.12.2023
Several U.S. lawmakers have introduced a bipartisan bill to crack down on terrorist organizations by applying sanctions to foreign entities, including crypto platforms, that facilitate financial transactions for terrorists. The legislation would also “equip the Treasury Department with...
South Korean Customs Service Swoops on Int’l ‘USDT-Gambling Ring’
6.12.2023
Source: Tatyana Maksimova/Adobe South Korean law enforcers are continuing to crack down on crypto-powered crime, with customs officials shutting down a suspected international gambling ring that used USDT. According to the broadcaster KBS, officers arrested seven people in raids, with one remanded...
Hong Kong Chief Executive Expresses Willingness to Cooperate on Granting More Powers to Regulate Crypto Exchanges: Report
29.11.2023
Source: Pixabay The Chief Executive of the Hong Kong Special Administrative Region, John Lee, has responded to the recent investigation into the unlicensed virtual-asset trading platform Hounax. On November 27, Chief Executive John Lee addressed the recent virtual platform supervision fraud...
Hong Kong Chief Says Regulators May Get Powers to Crack Down on Unlicensed Crypto Exchanges: Report
28.11.2023
The Securities and Futures Commission said it does not have the power to close unlicensed crypto exchanges