How to mitigate crypto risks with the right data-driven compliance strategy
Despite increased adoption of cryptocurrency across the world, some financial institutions continue to hold back from banking cryptocurrency businesses and investing resources to capitalize on its opportunities, in part because of the perception that it is impossible to control for illicit activity.
Bipartisan US bill will treat digital assets as commodities
U.S representatives have reintroduced a bill that will define and establish how federal regulators should handle cryptocurrency.
Binance unauthorised, says Italian Regulator
Italy’s financial regulator, CONSOB, announced that Binance is not authorised to provide investment services in the country.
UK police seize record amount of cryptocurrency in money laundering case
The Metropolitan Police (Met) in the UK have confiscated almost £180m ($250m, €210m) in cryptocurrency as part of an ongoing investigation into international money laundering.
Over 170 Android apps involved in crypto mining scams
Over 170 fake Android apps, including 25 apps in the Google Play store, have defrauded more than 93,000 users through crypto mining scams.
Binance aims for regulatory compliance, says CEO
Online cryptocurrency exchange Binance is determined to follow local rules wherever it operates, says CEO and founder Changpeng Zhao.
Pakistan establishes AML/CTF unit
The National Accountability Bureau, Pakistan’s anti-corruption watchdog, has set up an anti-money laundering and terror financing team (AML/CTF) to check financial crimes and illegal transfer of resources.
UK’s financial watchdog bans cryptocurrency trader Binance
The Financial Conduct Authority (FCA) has prohibited Binance Markets Limited (BML) from undertaking any regulated activity in Britain.
UK police make ‘one of world’s largest cryptocurrency seizures’
London’s Metropolitan Police (Met) has confiscated £114m ($159m, €133m) worth of cryptocurrency in an ongoing investigation into money laundering.
McAfee dies in Spanish prison
Antivirus software pioneer John McAfee has been found dead in a suspected suicide in his Barcelona prison cell after Spain’s high court authorised his extradition to the US to face tax evasion charges.
