Crypto 13/07/21 18:52 by Brenda Ngari

Amid Ongoing International Money Laundering Probe, U.K Police Seize Record $250 Million Worth Of Crypto

London’s Metropolitan police have confiscated a staggering $250 million worth of cryptocurrencies in what is believed to be one of the largest crypto seizures in the world. Busted: $250 Million ...
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Crypto 26/06/21 13:56 by Adrian Klent

111 Unregistered Crypto Firms In The UK Might Pioneer The Next Bear Market

Following the notice by the Financial Conduct Authority (FCA) to cryptocurrency companies in January, the FCA published a warning to consumers against 111 crypto firms in the UK. The list which is...
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Crypto 13/04/21 20:52 by Mark Hampton

What Are the Legal Challenges That Crypto Faces and the Way Out?

The popularity of the cryptocurrency space has catapulted to new levels in recent times. Apart from retail investors, institutional interest in the crypto space has grown massively. The next logical s...
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Altcoins 06/03/21 16:45 by Luis Chira

Crypto Pundits Say US Money Laundering Legislation Could Cripple Bitcoin Market

Prior to leaving office, Donald Trump and his administration proposed new rules that they said were aimed at taking on money laundering via cryptocurrency. The new rules would require financial firms...
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Crypto 26/01/21 10:14 by Guest Author

Crypto Exchanges: Slow Shift to Classic Financial Industry Regulations?

Ever since Bitcoin saw the dawn of the day in 2008, the crypto industry has come a long way. Over a decade later, there are hundreds of different cryptocurrencies available in the market and numerous ...
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Other 02/10/20 17:03 by Samuel Wan

U.S. Authorities Accused of Stunning Hypocrisy Over BitMEX Charges

The U.S. Commodities and Futures Commission (CFTC), in conjunction with the Federal Bureau of Investigation (FBI), has charged BitMEX with failure to prevent money laundering, as well as running an il...
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Crypto 08/09/20 17:11 by Brenda Ngari

Contrary To Popular Belief, Fiat Money Is Used More For Money Laundering Than Crypto: SWIFT Report

Recent research conducted by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) revealed that cryptocurrencies are not used a lot in money laundering schemes as some critics clai...
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Crypto 25/08/20 22:03 by Bernice Nyambura

Aave DeFi Protocol Joins Growing List Of Crypto Startups Authorized Under New FCA Law

Popular Ethereum-based DeFi protocol Aave has been granted an Electronic Money Institution License (EMI) by The UK Financial Conduct Authority, which will enable it to issue crypto-assets and provide...
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Bitcoin 15/08/20 14:20 by Bernice Nyambura

Over $150,000 in Bitcoin Seized from UK Woman Arrested for Fraud and Money Laundering

Met’s Proactive Money Laundering Team seized Bitcoin funds worth thousands of pounds from a woman in the UK after a search warrant revealed her involvement in fraud and money laundering. Accordi...
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Bitcoin 15/05/20 18:00 by Tony Spilotro

Australian Woman Accused of Laundering $5M in Bitcoin Through Unregistered Exchange

In a first for the country, an Australian woman has been charged with illegally operating an unregistered Bitcoin exchange. She further stands accused of using the cryptocurrency “exchange”...
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Crypto 15/12/19 04:50 by Lubomir Tassev

European AML Directive Pushes Crypto Startup Bottle Pay Out of Business

Bottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base...
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Bitcoin 13/12/19 21:00 by Rick D.

Faced with EU AML Regulations, Bitcoin Social Tipping Platform Terminates Service

A popular service for tipping social network users has announced that it will cease functioning on New Year’s Eve. BottlePay links social accounts with Bitcoin wallets to allow users to reward e...
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Crypto 10/12/19 20:30 by Jamie Redman

Accused Onecoin Co-Conspirators Fight Criminal Charges in the US

The Onecoin scam, a multi-level Ponzi scheme that acquired $4 billion from investors has been falling apart at the seams. Criminal proceedings have started against Onecoin leaders and one alleged asso...
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Bitcoin 03/12/19 21:00 by Rick D.

Major Blow Dealt in Danish Court: Bitcoin Not Suitable for Bank’s Staff

A Danish court today ruled that Nordea Bank Danmark A/S has the right to say whether its employees can invest in Bitcoin. The bank first introduced a policy prohibiting crypto purchases last year. Den...
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Crypto 29/11/19 18:15 by Jamie Redman

German Banks Authorized to Store and Sell Cryptocurrency in 2020

Next year German banks will be able to manage cryptocurrencies like bitcoin after the fourth EU money laundering directive goes into effect. The directive passed in the German parliament, Bundestag, a...
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Bitcoin 28/11/19 21:49 by Anatol Antonovici

German Banks Could Store Bitcoin and Provide Crypto Services Soon

Cryptocurrencies might finally go hand in hand with traditional money services. Starting from 2020, it might be legal for German banks to sell cryptocurrencies like Bitcoin and provide custody solutio...
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Crypto 27/11/19 07:20 by Kevin Helms

South Korean Committee Passes Bill Enforcing FATF Crypto Rules

South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the count...
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Crypto 22/11/19 23:00 by Rick D.

$4.3 Million in Cryptocurrency Seized from New Zealand Digital Pirate

A man suspected of online piracy has had almost US$4.3 million in cryptocurrency seized by authorities in New Zealand. Police also seized a further $700,000 in bank funds. The funds were restrained by...
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Other 20/11/19 09:10 by Ali Raza

Second Largest Australian Bank Broke AML Laws More Than 23 Million Times

Westpac, Australia’s second-largest bank, violated money laundering laws 23 million times and could be fined AUD21 million (US$15.7 million) per breach. Westpac Banking Corp, the second-largest...
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Crypto 19/11/19 01:30 by Kevin Helms

US to Strictly Enforce Crypto Rules Similar to FATF Guidelines

The U.S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has rea...
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Crypto 15/11/19 18:15 by Graham Smith

International Law Enforcement Conference Addresses Crypto and the ‘Criminal Economy’

The 2019 National Proceeds of Crime Conference (NPOCC) held in Brisbane, Australia from November 13-15 addressed “Globalisation and Digitisation of the Criminal Economy,” and featured 200+...
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