Virtual Currency And Blockchain
10th August 2021
Japan needs more convincing of the merits for making cryptocurrency investing easier for its population, according to the country’s top regulator. While Financial Services Agency Commissioner Junichi Nakajima said he’s open-minded about the potential benefits that assets like Bitcoin possess as a quick and cheap way to send cash, in… Read More
10th August 2021
Cryptocurrencies like Bitcoin and Monero have been the subject of much debate and consternation in international security and financial crime circles. These digital payment systems enable illicit financing through their uneven regulation, transaction speed and anonymity. To date, the development and implementation of cryptocurrencies has largely been the purview of… Read More
9th August 2021
Earlier this year, the Financial Action Task Force (FATF) – the global anti-financial crime standard setter – launched a new project to study and mitigate the unintended consequences stemming from the incorrect implementation (purposefully or otherwise) of its anti-financial crime standards. In numerous cases, this seems to stem from… Read More
5th August 2021
One of Mexico’s financial services regulators has flagged 12 digital currency exchanges, which it says are operating illegally. According to the watchdog, these exchanges have yet to register as required by the law and face criminal and monetary penalties. The head of the Mexican Financial Intelligence Unit,… Read More
5th August 2021
Senators Ron Wyden and Pat Toomey are drafting a proposal to overhaul a cryptocurrency provision in the $550 billion bipartisan infrastructure bill that traders and investors have criticized as being overly broad and impractical. The bipartisan duo’s more-targeted language would replace what’s in the bill the Senate is now debating… Read More
4th August 2021
The new chairman of the Securities and Exchange Commission said that investors need more protection in the cryptocurrency market, which he said is “rife with fraud, scams and abuse.” Gary Gensler, appointed by President Joe Biden to lead the body that regulates securities markets, listed several areas… Read More
4th August 2021
UK customers of what has been called the world’s largest crypto exchange are still unable to make ‘fiat’ withdrawals in GBP from their Binance accounts after payment provider Clear Junction announced it would no longer be supporting GBP and EUR payments to Binance in mid July. There have now been… Read More
4th August 2021
Chinese cryptocurrency addresses sent more than $2.2 billion worth of digital tokens to addresses tied to illegal activity such as scams and darknet operations between April 2019 and June 2021, according to a report from blockchain data platform Chainalysis released on Tuesday. These addresses received $2 billion in cryptocurrency from… Read More
3rd August 2021
Riccardo Spagni, the former maintainer of the Monero (XMR) cryptocurrency, was arrested last month in Nashville, Tennessee on fraud charges tied to alleged offenses in South Africa between 2009 and 2011. Spagni was on board a private jet scheduled to fly to Los Cabos, Mexico when he was apprehended… Read More
2nd August 2021
India’s anti-money laundering agency is examining if Binance Holdings Ltd. had a role to play in an ongoing investigation involving betting apps, according to people with knowledge of the matter. The Enforcement Directorate has summoned Binance executives for questioning and is awaiting a response, the people said, asking not… Read More