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Pro-crypto Colombian congressman highlights legalization challenges
2.10.2020
He went so far as to call for the preconceptions surrounding crypto to be demystified
Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero
2.10.2020
Crypto intelligence firm Chainalysis and data forensics company Integra Fec have won a combined $1.25 million contract to provide tools that break the privacy-focused coin, monero, for the U.S. Internal Revenue Service (IRS). Floated early September, the one-year contract specifically covers...
Europe Has The Most Of Money Laundering-Friendly Crypto Exchanges
2.10.2020
Source: Adobe/anish_ap1
Europe has the highest count of virtual asset service providers (VASPs) with deficient KYC procedures, followed by the strongest Asia-Pacific (APAC) region, and North America, claims CipherTrace, a developer of anti-money laundering, cryptocurrency forensics, and blockchain...
CipherTrace Outlines Regulatory Gray Zones Plaguing Booming DeFi Sector
1.10.2020
Here's how blockchain analytics firms like CipherTrace and Elliptic are viewing DeFi and DEXs after the KuCoin hack
FinCEN director warns banks about cryptocurrency risk exposure
30.9.2020
FinCEN has warned U.S. banks that it is closely watching how they respond to crypto risk exposure with their AML programs
Bulgarian exchange owner convicted over auction fraud scheme
29.9.2020
The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate
Crypto crimes are no excuse for taking away digital asset fungibility
26.9.2020
The rise of crypto-related crimes and money laundering cases is the result of the increasing mass crypto adoption
Nexo founder feels vindicated by the FinCen leak, talks of double-standards
26.9.2020
Had it been Coinbase or Nexo, he agreed with speculation that law enforcement would have been knocking on the door the next day
Mandatory KYC verification may contradict privacy laws in South Korea
25.9.2020
Will this legal contradiction be resolved before the deadline?
Keiser Insists ‘Bitcoin Inversely Correlated To USD Not Stock Markets’ After Crypto Market Tumble
23.9.2020
Reports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September 21. Also tumbling in tandem with stocks were cryptocurrencies thus leading to renewed concerns that digital assets are intertwined with...
The FinCEN Files Show Banks Don’t Actually Care About Stopping Money Laundering
21.9.2020
The massive leak of suspicious activity reports shows how banks let the government know about likely money laundering, then go right on providing services
FinCEN leak suggests new AML measures may not go far enough… for banks
21.9.2020
The leaked documents show many banks 'enabling' money laundering
FinCEN announces sweeping money laundering regulations overhaul
17.9.2020
FinCEN is preparing to modernize its AML requirements for financial institutions to greater respond to the dynamic threats posed by “illicit finance.”
Report: Privacy coins don't conflict with anti-money laundering laws
16.9.2020
Where does the right to financial privacy end?
Regulatory risks grow for DeFi as a 'money laundering haven'
16.9.2020
DeFi could fall under regulatory pressure if it is seen as a haven for money laundering
Privacy coins ‘pose less risk of money laundering than other coins’
16.9.2020
Privacy coins aren’t a major money laundering risk a new white paper argues
Binance sued for allegedly facilitating money laundering with 'lax KYC'
15.9.2020
Binance’s lax KYC requirements are creating more legal problems for the exchange
FATF hints at Binance as example of an exchange avoiding regulation
14.9.2020
The FATF doesn’t seem to like frequent jurisdiction hoppers, notably Binance
SWIFT Says Criminals Prefer Cash for Money Laundering, Not Cryptocurrency
10.9.2020
A new report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) says cryptocurrency is seldom used for money laundering activities compared to fiat or other traditional methods. Despite the perception that crypto assets are a preferred haven for illegally acquired funds...
‘Exclusive mining’ could have negative implications for the Blockchain industry, say experts
7.9.2020
A new mining concept is facing criticism in the blockchain sphere