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South Korean Crypto Exchanges Face AML Probes as Regulators Test Compliance


  South Korean regulators are set to probe the nation’s four biggest crypto exchanges to test their anti-money laundering (AML) capabilities. The exchanges – Korbit, Upbit, Coinone, and Bithumb – are the only trading platforms that operate fiat KRW markets and received their operating permits...

DOJ Tells FBI and Others: ‘Stop Signing Appreciation Notes for Binance’


The U.S. Department of Justice (DOJ) has requested federal agencies stop signing appreciation letters for Binance. The exchange used these letters as proof they are actively helping these agencies in criminal probes. However, this behavior seems to have bothered agents of these state organizations...

India Probes Cryptocurrency Exchange Wazirx in Chinese Money Laundering Case


India’s Directorate of Enforcement (ED) has reportedly sent a notice to Wazirx, one of the largest cryptocurrency exchanges in India, under the Foreign Exchange Management Act, 1999, (FEMA). The investigation was initiated “on the basis of the ongoing money-laundering investigation into...

Sleepy Bridges, Reentered China, Reopened Probes and 20 Crypto Jokes


This week in crypto news: Bitcoin shortly neared USD 10K with altcoins gaining bullish momentum too, while BTC was still leaving exchanges rapidly, and Bitcoin-Ethereum bridge, tBTC, was put to sleep two days post-launch. As the threat of inflation looms, investors turn to gold, and maybe...

Canada Regulator Probes Two Crypto Exchanges, Puts One in Receivership


A financial regulator in a Canadian province has placed one cryptocurrency exchange into receivership and is investigating another – with scores of customers concerned about the whereabouts of their funds. Per multiple Canadian media outlets, including news agency The Canadian Press (via Vic News)...

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