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Federal Security Service of Russia Seeks Powers to Obtain Information From Crypto Platforms
31.10.2021
The Federal Security Service of the Russian Federation has issued a draft order allowing its agents to request information from cryptocurrency platforms among other organizations. The move follows changes made to the anti-corruption legislation in Russia, the agency noted. FSB Wants Access...
Ukraine Security Service Busts Criminal Group Selling Bitcoin-Stealing Malware
27.10.2021
Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency theft and laundering of illicit funds for hackers. The gang, which provided services to clients on the darknet, has been dismantled as a result of a joint operation carried out with the United States....
SEC expected to head U.S. stablecoin regulation and enforcement
26.10.2021
The report is also expected to clarify the regulatory jurisdiction of the Treasury Department CFTC with regards to stable tokens
FinCEN Links More Than $5 Billion in Bitcoin Transactions to Ransomware
19.10.2021
FinCEN, the U.S. Financial Crimes Enforcement Network, linked more than $5 billion in bitcoin transactions to the most common ransomware variants out there. The organization stated in a report issued last week that the mean average total monthly suspicious amount of ransomware transactions...
How will DOJ’s new crypto enforcement team change the game for industry players, good and bad?
15.10.2021
In a bid to catch up with cybercriminals, the Justice Department is pooling all crypto expertise in one place
Deep Web Confusion: Ostensible Alphabay Admin ‘Desnake’ Claims the Darknet Market Has Returned
14.10.2021
In mid-July 2017, the largest darknet marketplace (DNM) Alphabay went dark and patrons didn’t know if the administrators were busted by law enforcement or if it was an exit scam. Not too long after the site went dark, law enforcement disclosed that an organized police task force, from...
China Ready to Get Tough with Crypto Crackdown Enforcement
12.10.2021
the central People’s Bank of China (PBoC) and called on companies in the country to take punitive measures against crypto-trading customers. It also warned overseas platforms targeting Chinese customers that they could face penalties.Similar statements have been made in the past, but the cryp
US Launches National Cryptocurrency Enforcement Team to Prosecute ‘Criminal Misuses of Cryptocurrency’
7.10.2021
The U.S. has launched the National Cryptocurrency Enforcement Team, an initiative of the Department of Justice (DOJ), to tackle and prosecute “criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services, and money...
US Justice Dept announces launch of national crypto enforcement team
6.10.2021
“We need to make sure that folks can have confidence when they’re using these systems and we need to make sure we’re poised to root out abuse that can take hold on them," said Lisa Monaco
Crypto Enforcement Team, Pepsi CFO on Bitcoin, Institutional Metamask + More News
6.10.2021
r noreferrer" href="https://www.reuters.com/world/us/us-justice-dept-launches-new-initiatives-cryptocurrencies-contractor-hacks-2021-10-06/">reported. The group will include a mix of anti-money laundering and cybersecurity experts, per the report.The IOSCO group of securities regulators and the
Kraken Charged by CFTC Over Margined Crypto Transactions, $1.25 Million Penalty Imposed
29.9.2021
The Commodity Futures Trading Commission (CFTC) has charged Payward Ventures, the operator of cryptocurrency exchange Kraken, “for illegally offering margined retail commodity transactions in digital assets, including bitcoin, and failing to register.” CFTC Charges Kraken, Imposes...
SEC Chair Gary Gensler Says Crypto Will ‘Not End Well’ if It Stays Outside Regulations
29.9.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says that cryptocurrency “is not going to end well if it stays outside the regulatory space.” The SEC has been criticized for taking an enforcement-centric approach to regulating the crypto industry....
Law Enforcement in Russia’s Samara Region Investigates 8 Cases of Fraud Related to Finiko
28.9.2021
The investigation into the Russia-based crypto pyramid Finiko is growing with law enforcement officials in Samara region announcing they have launched eight criminal cases against Finiko associates. Authorities are also working to identify more victims of the Ponzi scheme, Russia’s largest...
Crypto tax 'a top enforcement priority,' reminds IRS commissioner
28.9.2021
IRS Commissioner says crypto gains are taxable in the cannabis industry as the IRS treats cryptocurrencies as property
Ripple CEO Says SEC Gives No Clear Framework for Crypto, Discusses XRP Lawsuit
27.9.2021
As the lawsuit with the U.S. Securities and Exchange Commission (SEC) continues, Ripple CEO Brad Garlinghouse insists that the Commission has provided no clarity in crypto regulation. He said the SEC is using its meetings with crypto companies as lead generation for enforcement actions, and...
SEC Denies Freedom of Information Act Request Concerning Tether Documents
26.9.2021
On September 24, the staff writer for The New Republic, Jacob Silverman, tweeted about a Freedom of Information Act (FOIA) request he filed that was ultimately denied. On the social media platform, Silverman wrote that he got Securities and Exchange Commission (SEC) responses to his FOIA requests...
US Senator Calls on SEC Chairman to Provide Regulatory Clarity on Cryptocurrencies
25.9.2021
A U.S. senator has asked the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, to provide clear guidance on cryptocurrency regulation. The senator stated that in many enforcement actions, “the SEC did not identify the securities involved or the rationale for their...
Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man
25.9.2021
A court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko. Doronin will spend at least two more months in custody as authorities fear he could hide from law enforcement. Ilgiz Shakirov, vice-president of the crypto...
Former Monero Developer Spagni Released From US Prison, Pledges to Address Fraud Allegations
23.9.2021
Former Monero developer Riccardo Spagni has been released from a U.S. prison where he reportedly spent “sixty-one days in solitary confinement.” The developer’s release was prompted by the failure of South African authorities “to make a timely submission in support of...
CFTC commissioner: agency doesn’t have enforcement resources without Congress
21.9.2021
"We’re not necessarily looking for more authority without more resources," said Dan Berkovitz in regards to crypto markets