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Nalezeno "Laundering": 1212

Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions

8.6.2022
The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the local birr currency is the only lawful means of settling transactions in Ethiopia. Illegal Transactions The Ethiopian...

Binance fires back at Reuters’ money laundering allegations

7.6.2022
Binance wrote that the allegations made by the media outlet are created by interested parties to “mislead the general public.”

Binance Refutes 'Skewed' Money Laundering Claims

7.6.2022
Binance, the largest cryptocurrency exchange by trade volume, has hit back at reports associating it with criminality and money laundering

Crypto Exchanges Should Lose Licenses for Laundering Breaches, EU Regulators Say

1.6.2022
The advice comes as lawmakers reach the closing stages of a landmark crypto law, MiCA, that would allow exchanges such as Binance and wallet providers to operate across the EU under a single authorization

International Monetary Fund to Assist El Salvador in Compiling Bitcoin Adoption Statistics

23.5.2022
The International Monetary Fund has mentioned it is providing technical assistance to the government of El Salvador in various ways. According to Gerry Rice, a spokesperson for the organization, the group is having talks with people of the Salvadoran government about tax and money laundering...

Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

21.5.2022
Despite the imminent possibility of serving jail time, proactively owning up to the allegations resulted in Hayes being sentenced to six months of house arrest and two years of probation

Panama President Mulls Crypto Bill Approval Due to Money Laundering Concerns

19.5.2022
The president of Panama, Laurentino Cortizo, has declared he will not sign the recently approved cryptocurrency bill passed by the National Assembly of the country in its current form. Cortizo stated that one of his main concerns about the bill is the stance it takes regarding money laundering...

European Commission Has ‘Serious Doubts’ About Markets in Crypto Assets Draft, Report Reveals

13.5.2022
The European Commission disagrees with some provisions in the crypto regulatory proposal approved recently by the European Parliament. The executive arm in Brussels is unhappy with certain anti-money laundering measures, according to a media report quoting unofficial correspondence. European...

Industry experts weigh in on SEC hiring more crypto cops

11.5.2022
The SEC's decision to expand its digital assets section was well received by industry experts and came as no surprise, given the growing interest in cryptocurrencies

US Court Fines Bitmex’s Founders $30 Million for Operating Illegal Crypto Platform

7.5.2022
The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, and Samuel Reed must pay $10 million each. Bitmex’s Founders Fined $30 Million...

How STACKD Finance Services Make DeFi Safer for Everyone

5.5.2022
Decentralized Finance (DeFi) represents the financial, blockchain-based world of tomorrow. Future generations will leave the traditional financial system behind and use dApps, tokens, and other digital innovations for economic purposes. However, DeFi is still in its infant stage, leaving room...

European watchdog lists crypto next to lawyers, accountants as an AML threat

4.5.2022
The annual supervision report from MONEYVAL concluded that 18 of the 22 jurisdictions have an insufficient level of compliance with AML standards

Council of Europe Calls for Crypto Laundering Clampdown

4.5.2022
The chair of the council's Moneyval committee warned of fraud, tax evasion and market manipulation taking place using virtual assets

Report: Nigerian Trio Allegedly Uses Money Laundering Proceeds to Buy Bitcoins Worth Over $43 Million

2.5.2022
Three Nigerian nationals are accused of using money laundering proceeds to buy bitcoin worth over $43 million from cryptocurrency exchange platforms like Binance and Busha. The trio is accused of moving an equivalent of over $215 million from Nigeria to Kenya between October and November 2020....