Search
China Gears Up for Updated Crypto AML Laws: Report
31.1.2024
China is reportedly planning to enhance surveillance over the burgeoning crypto sector, by amending its anti-money laundering (AML) laws to include crypto transactions. A group of executives, chaired by Prime Minister Li Qiang discussed the ‘revised draft’ of the AML regulations on January 22....
Woman Accused of Laundering Bitcoins for Chinese Fraudster Goes on Trial in the UK
31.1.2024
A British citizen recently went on trial in the U.K. for laundering bitcoins on behalf of a fugitive Chinese fraudster, Yadi Zhang. Prosecutors insist that Jian Wen was aware that Zhang’s bitcoins were acquired using stolen funds. However, Wen defended her actions and said she thought Zhang...
London Trial Sheds Light on Alleged Bitcoin Laundering in £5 Billion Fraud Case
30.1.2024
In a trial unfolding at London’s Southwark Crown Court, prosecutors have revealed details of an alleged Bitcoin (BTC) laundering scheme connected to a £5 billion ($6.3 billion) fraud case originating from China. The trial centers around Wen Jian, a woman accused of converting Bitcoin into...
Palworld Devs Are Aware Of The Game’s Growing Cheating Epidemic
25.1.2024
Folks just can’t get enough of Palworld, the “Pokémon with guns” survival game that’s selling like hot cakes right now. While everyone and their mother’s getting in on the action, the game’s official servers are being plagued by cheaters and hackers that developer Pocketpair hopes will get stamped...
Trump Doubles Down on Anti-CBDC Stance, Gives Full Credit to Ramaswamy
23.1.2024
Former President Donald Trump doubled down on his claim that he will “never allow” a central bank for digital currency (CBDC) during a Monday night rally in New Hampshire. Trump vows no CBDC Trump credited former presidential hopeful Vivek Ramaswamy, who has since endorsed Trump in...
Trump Reiterates Anti-CBDC Stance, Credits Vivek Ramaswamy for Policy Guidance
23.1.2024
The Republican frontrunner credited former candidate Vivek Ramaswamy for the policy
Peter Schiff Predicts Bitcoin Bloodbath — Expects SEC Chair Gary Gensler to Introduce ‘New Onerous Crypto Regulations’
19.1.2024
Economist and gold bug Peter Schiff has predicted that U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler “will soon introduce new onerous crypto regulations” that will result in “a sharp decline” in the price of bitcoin. Schiff expects the new regulations...
EU Tightens Crypto Regulations with Provisional AML Agreement
18.1.2024
The European Union has provisionally agreed on new anti-money laundering (AML) regulations specifically targeting the crypto sector. According to a press release published by the European Council, the provisional agreement reached by Council and the Parliament focuses on enhancing measures...
United States Lawmakers Introduce Bills to Exclude CBDCs from the Definition of Money
17.1.2024
United States lawmakers have proposed bills in four states to block possible definitions of a Central Bank Digital Currency (CBDC) as money. The bills were introduced in South Carolina, South Dakota, Tennessee, and Utah as anti-CBDC legislators seek to prevent the use of CBDC tokens in those...
EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms
16.1.2024
EU Banking Watchdog Extends Anti-Money Laundering Measures to Cover Crypto Firms
16.1.2024
The European Banking Authority issued new guidance for crypto firms that will come into effect on Dec. 30, 2024
UN Report Highlights Tether’s Rising Role in Money Laundering Across Southeast Asia
15.1.2024
In a recent report released by the United Nations Office on Drugs and Crime, Tether, one of the world’s largest stablecoin Tether, has been identified as a prominent tool employed by money launderers and fraudsters operating in Southeast Asia. The report sheds light on the increasing use...
Vanguard Deepens Anti-Crypto Stance After Disallowing Spot Bitcoin ETF Trading — Ark CEO Says ‘It’s a Terrible Mistake’
14.1.2024
Investing giant Vanguard has doubled down on its anti-bitcoin and anti-crypto stance after disallowing investors access to spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) this week. The firm has also announced that it will no longer accept the purchase...
White Supremacists Lean On Crypto, Says Anti-Defamation League Report on Extremists
12.1.2024
White supremacist groups in the U.S. have sometimes been funded by crypto, according to a report from the Anti-Defamation League (ADL) that analyzed about $140,000 in transactions connected to 15 extremist groups or individuals last year
Skybridge Capital’s Anthony Scaramucci States Biden’s Anti Crypto Policies Will Cost Him the Election
11.1.2024
Anthony Scaramucci, founder of Skybridge Capital, a private global investment firm, believes that the anti-crypto policies brought by the Biden administration might affect the outcome of the upcoming elections. He states that 52 million Americans, representing 20% of the voting population...
Crypto Companies Fined $5.8 Billion In 2023, TradFi Less Than $900 Million
10.1.2024
Source: Pixabay Crypto companies received more fines for poor money controls than traditional financial firms for the first time ever in 2023, according to data compiled by the Financial Times. In fact, the penalties were hardly comparable. Whereas crypto companies lost $5.8 billion for inadequate...
Senator Thom Tillis Adds Voice in Opposition to Warren’s Anti-Crypto Bill
4.1.2024
Senator Thom Tillis (R-NC) has voiced his opposition to Senator Elizabeth Warren’s (D-MA) recently proposed anto-crypto bill, according to a letter published by Satoshi Act Fund CEO and co-founder, Dennis Porter. Tillis’ “significant concerns” Tillis’ letter, originally published by Porter to...
75 US Lawmakers Now Support CBDC Anti-Surveillance Bill
2.1.2024
Congressman Tom Emmer’s CBDC Anti-Surveillance State Act now has 75 cosponsors. “A central bank digital currency is government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to surveil and restrict Americans’ transactions,”...
Anti-Corruption Commission Reveals South Korean Lawmakers Traded $98M in Crypto Over Past Three Years
29.12.2023
Source: Pixabay The Anti-Corruption and Civil Rights Commission has revealed that South Korean lawmakers engaged in crypto trading, totaling a staggering 125.6 billion won ($97.6 million) over the past three years. The commission’s 90-day inspection into the virtual asset transaction records...
New EU Crypto Regulation Allow Governments to Freeze and Seize ‘Unexplained Wealth’ Believed Tied to Crime
26.12.2023
EU has passed expanded powers allowing governments to freeze and confiscate crypto tied to a crime. Image by Vitalii Vodolazskyi, Adobe Stock. European Union officials reached an agreement on December 12 on new crypto regulations that will grant member states expanded powers to freeze...