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Indonesian President Cautions Against Crypto in Money Laundering Risks
24.4.2024
Indonesian President Joko Widodo highlights the significant risks of money laundering through crypto asset and NFT transactions, citing $8.6 billion in suspicious activities in 2021.
The post Indonesian President Cautions Against Crypto in Money Laundering Risks appeared first on Cryptonews
Anti-Bitcoin SEC Commissioner Caroline Crenshaw May Soon Lose Her Seat
20.4.2024
SEC Commissioner Caroline A. Crenshaw doesn't like Bitcoin - but her term is scheduled to end on June 5.
The post Anti-Bitcoin SEC Commissioner Caroline Crenshaw May Soon Lose Her Seat appeared first on Cryptonews
Ukrainian Lawmaker to Face Trial Over Alleged Bitcoin Bribes
18.4.2024
A Ukrainian lawmaker is set to stand trial after allegedly trying to bribe a government official with $10,000 worth of Bitcoin, anti-corruption officials said on April 16.
The post Ukrainian Lawmaker to Face Trial Over Alleged Bitcoin Bribes appeared first on Cryptonews
Senator Elizabeth Warren Slams Push For Stablecoin Bill, Cites National Security Risks
10.4.2024
Senator Elizabeth Warren is criticizing the push for a stablecoin bill without anti-money laundering laws in place due to national security concerns, a letter sent on Monday to House Financial Service Committee Chairman Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) reveals. Warren...
Binance Appoints Board of Directors for First Time in Effort to Rebuild Reputation Following Legal Troubles
2.4.2024
Binance has named a board of directors for the first time, aiming to reshape its image following last year's guilty plea to US charges of anti-money laundering and sanctions violations.
The post Binance Appoints Board of Directors for First Time in Effort to Rebuild Reputation Following Legal...
Detained Binance Executive Sues Nigerian Anti-Graft Agency for ‘Fundamental Rights’ Violation
31.3.2024
The Binance executive who is being held by Nigerian law enforcement has sued the country’s anti-corruption agency for violating his fundamental rights. The executive also wants the local court to declare the seizure of his passport “a violation of his fundamental right to personal...
Joe Lieberman, Senator Who Crusaded Against Video-Game Violence, Dead At 82
28.3.2024
Joe Lieberman, a former U.S. senator who crusaded against violence in video games, has passed away at 82. According to a statement from his family, he suffered “complications from a fall.”Read more
Fewer Than 30% of Jurisdictions Globally Have Started Regulating Crypto: FATF Chief
28.3.2024
Globally, less than 30% of jurisdictions have started regulating the crypto sector as of June 2023, the Financial Action Task Force (FATF) President T. Raja Kumar told CoinDesk in an interview from Singapore
Russian Government, Central Bank ‘Come to Consensus on Crypto’
28.3.2024
Russian government bodies, the nation’s anti-money laundering agency, and the Central Bank have reportedly “come to a consensus” on crypto policy.
The post Russian Government, Central Bank ‘Come to Consensus on Crypto’ appeared first on Cryptonews
KuCoin Sees Over $1 Billion Outflows After Money Laundering Charges in US
27.3.2024
Crypto exchange KuCoin saw over $1 billion in outflows in the last 24 hours after the US prosecutors announced charges against the exchange and two of its founders, Chun Gan and Ke Tang, for violating anti-money laundering laws.
The post KuCoin Sees Over $1 Billion Outflows After Money Laundering...
KuCoin Crypto Exchange and Founders Charged by DOJ for $9B Laundering, Anti-Money Laundering Violations
26.3.2024
Crypto exchange KuCoin and two of its founders just got charged by US authorities for operating as an illegal exchange in the USA, as well as for failing to implement anti-money laundering protocols.
The post KuCoin Crypto Exchange and Founders Charged by DOJ for $9B Laundering, Anti-Money...
Crypto Exchange KuCoin Violated Anti-Money Laundering Laws, U.S. Charges
26.3.2024
U.S. federal prosecutors charged crypto exchange KuCoin and two of its founders with violating anti-money laundering laws on Tuesday, saying the exchange operated in the U.S., lied to at least one of its investors about operating in the U.S. and failed to both register with U.S. government entities...
EU Launches Probe into Tech Giants Apple, Google, Meta, and Amazon Over Digital Markets Act Violations
25.3.2024
The European Commission has begun an extensive investigation targeted at Apple, Amazon, Alphabet, and Meta over non-compliance practices under the new Digital Markets Act (DMA). The notice of the inquiry was disclosed by the commission on March 25, and it represents the EU’s first major attempt...
Senator Elizabeth Warren Criticizes Crypto, Claims It Threatens U.S. Security and “Helps Terrorists
25.3.2024
Senator Elizabeth Warren (D-MA) criticized North Korea’s crypto usage and the rise of crypto “pig butchering” scams at a Thursday hearing of the Senate of Armed Services, claiming that cryptocurrency as a whole poses “a threat to our national security.” Warren has long been openly anti-crypto...
Expert Clarifies No EU-Wide Ban on Anonymous Crypto Wallets
25.3.2024
Industry expert Patrick Hansen clarified that the EU’s recent anti-money laundering (AML) law does not specifically target banning anonymous crypto accounts.
The post Expert Clarifies No EU-Wide Ban on Anonymous Crypto Wallets appeared first on Cryptonews
Patrick Hansen Clarifies EU Regulation Misinformation: No Ban on Self-Hosted Wallets
25.3.2024
Erroneous early reporting and discussions on X about the European Union’s approach to cryptocurrency anonymity have been clarified by industry expert Patrick Hansen, stating that the EU’s Anti Money Laundering Regulation (AMLR) targets broader anti-money laundering (AML) and counter-terrorism...
EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts
24.3.2024
A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the financial system for the purposes of money laundering...
Greenpeace’s Anti-Bitcoin “Mining for Power” Report Receives Fierce Backlash on X
22.3.2024
“Mining for Power,” an anti-Bitcoin report by Greenpeace USA that explains the links between the bitcoin mining industry and fossil fuel companies, has faced a backlash in social media due to its inaccurate portraits of the mining activity. Using community notes, social network users...
UK Woman Found Guilty of Laundering $2.5B in Bitcoin
21.3.2024
A British woman has been found guilty and convicted on Wednesday for laundering over $2.5 billion (£2 billion) worth of Bitcoin for a Chinese fugitive.
The post UK Woman Found Guilty of Laundering $2.5B in Bitcoin appeared first on Cryptonews
Someone At A Flea Market Couldn't Give Away Copies Of NBA 2K19
19.3.2024
If you’ve walked into a store that sells used video games, you’ve no doubt stumbled upon a pile of old sports games collecting dust. Even if they are priced low, like a dollar, people have no need for an outdated copy of Madden 21 or MLB The Show 22 it seems. And one person at a recent flea market...