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Criminal Activity in Crypto Transactions Fell Sharply in 2020, Says Chainalysis
19.1.2021
Partly offsetting the positive trend is an explosion in ransomware attacks, which rose 311% from 2019
British financial advisor calls on the gov’t to ban crypto transactions
15.1.2021
Veteran financial advisor Neil Liversidge came to the U.K. Government and Parliament with a petition to ban crypto transactions
Crypto transactions must be easier. That's it. That's the headline
1.1.2021
The gulf between users and those who are designing cryptocurrency service platforms must be bridged before the masses will make the leap
India Considers 18% GST on Bitcoin Transactions
29.12.2020
The Indian government is reportedly mulling over imposing an 18% goods and services tax (GST) on bitcoin transactions. According to the Central Economic Intelligence Bureau, the government could gain Rs 7,200 crore annually from this bitcoin taxation. 18% GST on Bitcoin Trades The Central Economic...
Travala in Crypto Transactions Boost, Bitcoin Outstrips Credit Card Sales
7.12.2020
Travel booking website Travala said it is enjoying healthy growth, despite the coronavirus pandemic – and its recent decision to green-light crypto payments appears to be playing a very large part.
Per data unveiled in a blog post, the firm said that its revenues grew to some USD 920,000...
Russia Proposes New Rules and Penalties for Cryptocurrency Owners
13.11.2020
The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation...
US AML watchdog wants info on all international crypto transactions over $250
23.10.2020
The proposed change would cut down FinCEN's longstanding $3,000 threshold
This country accepts more retail crypto transactions than anywhere else in Latin America
5.10.2020
Venezuela may have the most crypto volume, but this country bests all of Latin America when it comes to retail crypto transactions
Illicit crypto transactions are getting more attention from the government
19.9.2020
The IRS has a strong interest in receiving information from informed whistleblowers about offshore crypto accounts and criminal crypto tax activity
Colombia’s Financial Sector May Be Allowed to Pilot Crypto Transactions
18.9.2020
Colombian banks may be permitted to test crypto transactions in a new regulatory sandbox, after a presidential advisor stated that a top financial regulator may actively seek the aid of the nation’s financial sector to pilot crypto-powered business.
In a tweet, presidential economic and tech...
Apollo Fintech Launches Crypto Transactions using SMS for Customers
14.9.2020
Working as a globally-acclaimed blockchain firm known for creating viable fintech products and services, Apollo Fintech has announced the launch of the Knox World Pay (WP) solution to promote crypto mass adoption. The WP will work as a global payment system to facilitate crypto transactions...
Banks failing to identify up to 90% of suspicious crypto transactions
10.9.2020
CipherTrace believes financial institutions are failing to identify up to 90% of suspicious transactions related to crypto assets
IRS doubles down, investing another quarter million dollars into tracking crypto transactions
9.9.2020
A new analytics firm scores a major contract with the U.S. tax agency, which has been upping its crypto engagement left and right
Russian ministry proposes to amend law banning crypto transactions
3.9.2020
Crypto mining is allowed, but payout in crypto is prohibited
Suspected North Korean Hackers Move Bitcoin Worth $140K From Forfeited Account
1.9.2020
Suspected North Korean hackers on Monday moved 12 bitcoin, worth about $140,000, from one of 280 accounts the U.S. Department of Justice (DoJ) has targeted for seizure. The funds have been wired into an anonymous wallet, according to Whale Alert, a bot that tracks notable crypto transactions....
Ukrainian Ministry Plans to Track Crypto Transactions With Bitfury
24.7.2020
Ukraine’s Ministry for Digital Transformation will be tracking illicit crypto transactions with a crypto analytics startup backed by Bitfury
CipherTrace Says It Can Instantly Flag Shady Transactions With Predictive Risk Scores
21.7.2020
The blockchain analytics firm claims its new system respects crypto users’ privacy while also flagging suspect transactions
US Army Requests Information on Tools to Track Cryptocurrency Transactions
14.7.2020
The U.S. Department of Defense and the U.S. Army have requested information on web-based cryptocurrency tracking tools. The tools must enable U.S. government agencies worldwide to conduct in-depth investigations into the source of crypto transactions and provide multi-currency analysis from bitcoin...
Abra Crypto App Charged by SEC for Transactions Affecting Thousands of US Stock and ETF Purchases
13.7.2020
Abra cryptocurrency app has been charged by two U.S. regulators: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The company has agreed to cease-and-desist orders as well as fines. The SEC says Abra’s employees “effected thousands...
The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies
4.7.2020
The United States tax agency has published a request for information pertaining to privacy-centric cryptocurrencies and technologies that obfuscate crypto transactions. The IRS-CI Cyber Crimes Unit request is also asking for information in relation to “layer two offchain protocol networks...