Cryptocurrency

PEPs & Sanctions

US Officials in Malaysia, Singapore This Week to Discuss Sanctions

By Editors | 06/05/2024

Treasury’s Brian Nelson and Neil MacBride will meet with the Malaysian and Singapore financial sectors to discuss compliance and enforcement efforts.

Cryptocurrency

Inclusion of DTI in Reporting a ‘Milestone’ for Transparency: DTIF

By Editors | 04/05/2024

The introduction of the Digital Token Identifier as an underlier to the UPI and OTC ISIN will bring greater transparency to the crypto derivatives market.

Fraud, Scams & Cybercrime

Australia: Scam Losses Fall for the First Time in Six Years

By Manesh Samtani | 03/05/2024

In its latest report on annual scam activity, the ACCC highlighted government and industry initiatives that led to lower scam losses in 2023.

Cryptocurrency

Australian Court Rules in ASIC’s Favour in ‘Qoin Wallet’ Case

By Editors | 03/05/2024

The ruling is the first court outcome against a non-cash payment facility involving crypto, ASIC’s Joe Longo noted.

PEPs & Sanctions

US Senators Raise Concerns Over Iran’s Crypto Mining

By Editors | 03/05/2024

A letter from two US senators asks government officials about the steps being taken to address Iranian crypto mining and sanctions evasion.

Anti-Money Laundering

India Collaborates with US FBI on Crypto Scam Case

By Ajoy K Das | 01/05/2024

The joint operation uncovered a $360mn scam involving drug trafficking, crypto payments and the dark web.

Anti-Money Laundering

US Court Sentences Binance Founder to Four Months Jail

By Editors | 01/05/2024

The sentence was below the three years requested by prosecutors and the 18 month maximum recommended under federal guidelines.

Cryptocurrency

Russia to Tighten Regulations for Crypto Mining Operations

By Editors | 01/05/2024

Earlier it was reported that Russia was planning to ban private cryptocurrencies outright, but a lawmaker has dispelled this notion.

PEPs & Sanctions

Chinese Firms Turning to Illegal Channels for Russia Business

By Editors | 30/04/2024

With China’s big banks no longer processing Russia-related payments, exporters are increasingly turning to underground channels including cryptocurrency.