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Crypto Exchange Bkex Suspends Withdrawals Amid Money Laundering Incident 


Bkex, a crypto exchange based in the British Virgin Islands, has suspended withdrawals due to an allegation that a user’s “funds were involved in money laundering.” In order to assist law enforcement with their investigation and gather evidence, Bkex said it has decided to halt...

Japan to Apply Tougher Crypto AML Regulations, ‘Travel Rule’ in June


Stricter anti-money laundering (AML) measures for the crypto sector in Japan will enter into force next month, local media reported. The new rules were adopted to align the country’s legal framework for cryptocurrencies with global standards in the field. Japan to Enforce Legislation Allowing...

Binance Accused of Mixing Company Revenue with Customer Money In U.S


The world’s largest crypto exchange, Binance, has mixed company revenues with customer funds in the US, according to a Reuters report. The comingling of customer funds and company revenues happened “almost daily” in bank accounts the exchange had at the now-bankrupt crypto-friendly bank...

Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of America


According to the Connecticut Department of Banking, commissioner Jorge Perez revealed that the regulator has reached a settlement with the crypto automated teller machine (ATM) and kiosk operator Bitcoin of America. As part of the settlement, Bitcoin of America will pay $86,000 in restitution,...

Money Expo returns to Mexico with three key participants


The Money Expo is all set to be held in Mexico’s Centro Citibanamex from May 24, 2023, to May 25, 2023. The Expo is one of its kind, for it brings together a community of financial advisors, investment experts, and traders.  The ultimate goal is to keep everyone updated with the recent trends...

Will’s Casino (One Stop Casino): Crypto Casino for Real Money


Will’s Casino offers  a wide range of online gambling products such as multiple games and a live casino in a friendly gaming environment. At Will Casino you are more than just a customer and they will always do their best … Continued The post Will’s Casino (One Stop Casino):...

FATF President Urges G7 to Lead in Shutting Down ‘Lawless Crypto Space’


It is necessary to put an “end to the lawless crypto space,” according to the head of the Financial Action Task Force (FATF). G7 nations must set an example in implementing global standards on combating money laundering, the executive insisted, as little progress has been made in regards...

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