European Authorities Crack Down on Crypto Crime Ring Allegedly Laundering €21 Million In a significant win against financial crime, European authorities, led by Spain, have successfully dismantled a notorious crypto crime ring accused of laundering a staggering €21 million through a combination of cryptocurrency and hawala transactions. This operation marks a crucial milestone in the […]
India increases scrutiny of crypto in border regions
India Strengthens Oversight of Crypto in Border Regions to Combat Financial Abuse In a bid to tackle financial abuse in its border regions, India has ramped up its scrutiny of cryptocurrency transactions. The move comes as authorities are increasingly concerned about the potential misuse of digital assets to bypass formal financial channels and engage in […]
€34 million in crypto seized from eXch for facilitating money laundering
€34 Million in Crypto Seized from eXch for Facilitating Money Laundering In a significant crackdown on illicit activities within the cryptocurrency sphere, authorities have successfully seized a staggering €34 million from eXch, an exchange platform allegedly involved in facilitating money laundering. This bold move not only underscores the growing concerns surrounding the misuse of digital […]
Tether adds Chainalysis tools to enhance crypto compliance
Tether Enhances Crypto Compliance with Chainalysis Integration Tether, the popular stablecoin issuer, is taking a significant step towards ensuring better compliance and transparency in the realm of cryptocurrency. The Hadron platform, which is utilized by institutional users for various crypto transactions, has recently integrated monitoring tools from Chainalysis, a leading blockchain analysis company. This integration […]
Ghana plans to regulate digital assets with new legislation
Ghana Plans to Regulate Digital Assets with New Legislation The financial landscape is rapidly evolving, with digital assets playing an increasingly significant role in the global economy. In line with this trend, Ghana is taking proactive steps to regulate digital assets within its borders. The Bank of Ghana, the country’s central bank, has announced its […]
Slovenia’s crypto-friendly status faces test with new tax proposal
Slovenia’s Crypto-Friendly Status Faces Test with New Tax Proposal Slovenia has long been hailed as a haven for cryptocurrency enthusiasts, with its progressive stance on digital assets attracting a growing number of investors and blockchain startups to the small European nation. However, the country’s crypto-friendly status is now facing a critical test as the government […]
Russia targets crypto payments at online casinos
Russia Targets Crypto Payments at Online Casinos In a bold move aimed at regulating online gambling, Russian authorities have set their sights on crypto payments within the industry. The latest proposal on the table is to ban gambling platforms that accept cryptocurrencies and lack robust identity verification checks. The rationale behind this initiative is to […]
New rules in Thailand aim to tackle foreign P2P crypto services
New Regulations in Thailand to Regulate Foreign P2P Crypto Services In a bold move to combat online financial crimes and tighten control over digital asset businesses, the Thai Securities and Exchange Commission (SEC) has recently approved new emergency decrees. These regulations specifically target foreign peer-to-peer (P2P) crypto services operating within the country’s borders. The aim […]
The Trump administration ends the crypto enforcement team
The Trump Administration Ends the Crypto Enforcement Team In a surprising move that has sparked debates across the financial and technological sectors, the Trump administration has decided to disband the crypto enforcement team. This decision marks a significant shift in the approach towards regulating digital currencies and blockchain technology. Instead of focusing on cracking down […]
California updates digital assets bill with new crypto protections
California Strengthens Protections for Digital Assets with Updated Bill California, known for its progressive stance on technology and innovation, has taken a significant step forward in safeguarding digital assets with the recent update to its legislation. The revised bill not only bolsters protections for cryptocurrencies but also imposes restrictions on public officials to prevent conflicts […]