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German Government Shuts Down 47 Exchanges, Says They're Tied To ‘Illegal Activity’
19.9.2024
The German Attorney General's Office Frankfurt am Main (Generalstaatsanwaltschaft) and the country’s Federal Criminal Police Office (BKA) have shut down 47 crypto exchanges allegedly tied to criminal activities including money laundering
FBI Cracks Down on Illegal Gambling Network Using Fake Crypto
19.9.2024
A Denver resident has been convicted of running an illegal gambling business involving several parlors across Colorado. The scheme involved electronic games and a fake cryptocurrency to conceal the exchange of credits for cash, revealing fraud and money laundering. The only function of this crypto...
Owner of unlicensed UK crypto ATM network faces criminal charges
10.9.2024
The FCA is throwing the book at the head of GidiPlus Limited for operating an ATM network after being denied registration
UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMs
10.9.2024
Olumide Osunkoya, 45 year old Londoner has been accused of running crypto ATMs that processed british pounds 2.6 million ($3.4 million) in crypto transactions across various locations
Singapore probes illegal Worldcoin accounts and token sales
10.9.2024
Singapore investigates unauthorized Worldcoin account sales as regulators raise concerns over data misuse and criminal activity
CFTC charges Uniswap, Brazil’s X ban, and more: Law Decoded
9.9.2024
Uniswap Labs agreed to pay $175,000 in civil penalties and cease trading leveraged tokens following CFTC charges
CFTC charges Uniswap, Brazil’s X ban, and more: Law Decoded
9.9.2024
Uniswap Labs agreed to pay $175,000 in civil penalties and cease trading leveraged tokens following CFTC charges
Telegram changes FAQ language on illegal content moderation after CEO’s arrest
6.9.2024
Telegram altered the wording of its answer to an FAQ on moderating illicit content saying it's unable to process requests for private chats
South Korean Regulator Unveils Plan to Inspect Crypto Exchanges for Illegal Practices
5.9.2024
South Korea’s financial regulator, the Financial Supervisory Service (FSS), will inspect crypto exchanges to identify illegal practices following stricter regulations under the Virtual Asset Users Protection Act. The review aims to ensure compliance and safeguard crypto assets, with severe...
CFTC charges Uniswap with illegal derivatives trading
4.9.2024
One CFTC commissioner dissented, calling the action “regulation by enforcement.”
CFTC charges Uniswap with illegal derivatives trading
4.9.2024
One CFTC commissioner dissented, calling the action “regulation by enforcement.”
Uniswap Labs Settles CFTC Charges Over 'Illegal' Margin Products
4.9.2024
Uniswap Labs will pay $175,000 to settle charges it offered illegal leveraged and margined commodities transactions, a CFTC press release said
South Korea to inspect crypto exchanges for suspicious transactions
4.9.2024
South Korea’s FSS to enforce stricter regulations on crypto exchanges, with possible legal repercussions for noncompliance
South Korea to inspect crypto exchanges for suspicious transactions
4.9.2024
South Korea’s FSS is set to enforce stricter regulations on crypto exchanges, with possible legal repercussions for noncompliance
Holy Bitcoin: Paraguayan Power Company Detects Illegal Crypto Mining Operation in a Church
3.9.2024
The National Power Administration of Paraguay (ANDE) recently detected an illegal bitcoin mining operation in an evangelical church. The church, which shared a power line with a nearby store, had established a connection before its power meter that was hidden within the same building. ANDE officers...
WazirX hacker moves $6M in crypto to Tornado Cash
3.9.2024
A wallet address associated with the WazirX hacker has transferred $6.5 million worth of stolen ETH to Tornado Cash as the exchange opens up withdrawals to users ahead of time.
Nigeria Approves Two Crypto Exchanges, Warns Against Patronizing ‘Illegal Operators’
31.8.2024
The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax Technologies, the first digital asset exchanges to operate in the country. Additionally, four digital asset offering platforms and one custodian have been admitted...
Indonesia considering Telegram ban over lack of moderation
29.8.2024
Telegram has reportedly failed to improve moderation and issue a resolution over illicit content distribution after several requests from Indonesia
Thai Authorities Raid Illegal Bitcoin Mine After Power Outages Spark Resident Complaints
26.8.2024
Thai authorities successfully raided an illegal bitcoin mining operation in Ratchaburi on August 23. The raid came after residents reported frequent power outages. The bitcoin mining operation was found to be consuming electricity that the occupants of the house were not fully paying for. Bitcoin...
Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches Stablecoin
26.8.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house developed dollar-pegged stablecoin, and Paraguay keeps...