Virtual Currency And Blockchain

Featured Virtual Currency And Blockchain

Chinese Police Make First Arrest For CBDC Money Laundering

Chinese officials have arrested members of a criminal group charged with alleged money laundering using the country’s CBDC, the digital yuan. The news implies the Chinese government and law enforcement will have greater control and oversight over financial activities in the country with its CBDC. By Tim Fries, The… Read More

Revealed: The Cryptoqueen’s £13.5m London penthouse

A money-laundering trial in Germany is shining a light on the purchase of a luxury London penthouse by cryptocurrency scammer Dr Ruja Ignatova. Jamie Bartlett and Rob Byrne of The Missing Cryptoqueen podcast explain how she used British-based lawyers and wealth managers – who continued to offer their services after… Read More

UK: Lincolnshire boy has £2m of cryptocurrency seized by police

A boy who set up a fake website as part of a “sophisticated cyber fraud” has had more than £2m of cryptocurrency seized by police. The 17-year-old, who cannot be named for legal reasons, used it to dupe users of a digital gift voucher site into entering their personal details. Read More
27th October 2021
Police forces across the world have arrested 150 alleged suspects involved in buying or selling illicit goods on the dark web as part of a coordinated international operation involving nine countries. More than €26.7 million (USD 31 million) in cash and virtual currencies have been seized in this operation, as… Read More
15th October 2021
Matis Mäeker, recently appointed head of Estonia’s anti-money laundering government agency believes Estonia should scrap its current crypto regulations and start again, he said in an interview with the local news outlet Eesti Ekspress. By Anna Baydakova, CoinDesk, 13 October 2021 Read more at CoinDesk RiskScreen:… Read More
14th October 2021
Police in China’s southwest region busted a group that was using cryptocurrencies to launder stolen money, which involved 800 million yuan (US$124 million), according to local media. Authorities in Zunyi, a city in China’s Guizhou province, were on the case for two months, following a directive from the State Council,… Read More
14th October 2021
The U.S. Department of Justice (DOJ) announced Tuesday that the owners of a cryptocurrency company have pleaded guilty to tax evasion. Bitqyck founders Bruce Bise and Samuel Mendez were charged with tax evasion in August. Bise pleaded guilty on Sept. 9 and Mendez pleaded guilty Tuesday morning. By Kevin Helms,… Read More
6th October 2021
Gary Gensler, the head of the U.S. The Securities and Exchange Commission has confirmed that his agency does not have the authority or intention to ban cryptocurrency. While responding to questions during an Oct. 5 House Committee on Financial Services hearing, Gensler emphasized that prohibiting crypto does… Read More
4th October 2021
The International Monetary Fund (IMF) released a set of policies for the emerging markets and developing economies to ensure financial stability amid global crypto adoption. The IMF believes in the potential of crypto assets as a tool for faster and cheaper cross-border payments, citing the dramatic increase in the value… Read More
26th September 2021
The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country. The People’s Bank of China (PBoC) officially announced on Friday a set of new measures to fight against crypto adoption… Read More
23rd September 2021
Following the fall of the elected Afghan government and rise of the Taliban in its place, many speculated that the group had or may turn to cryptocurrencies as a way to finance its operations. As part of our compliance program, Coinbase tracks these types of transactions and often… Read More
22nd September 2021
The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals’ cryptocurrency pipelines, and it urged companies to report extortion attempts and better protect themselves from them. Deputy Treasury Secretary Wally Adeyemo told reporters that the sanctions would be imposed on Suex, a cryptocurrency transferring… Read More
19th September 2021
Ransomware, malicious software that encrypts computers and keeps them “locked” until a ransom is paid, is the world’s fastest-growing cyber threat, according to Coinfirm. Recent attacks on critical national infrastructure, like the Colonial Pipeline incursion that crippled oil and gas deliveries for a week along the U.S. East Coast, have… Read More