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India’s central bank has released its latest annual report which includes a section dedicated to cryptocurrency. The Reserve Bank of India outlines the risks posed by crypto and emphasizes the need to monitor crypto development in anticipation that some trading may shift from exchanges to peer-to-peer (P2P) mode. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
E.U. finance ministers will reportedly hold a meeting on the development of cryptocurrency regulation Go to Source Powered by WPeMatico
A Mexico-based “prolific bitcoin dealer” has been indicted and held without bond in the US on a number of international money laundering charges. He used Bitfinex for his exchange needs after Coinbase closed his account. His “activities ‘blew a giant hole’ through the legal framework of U.S. anti-money laundering laws,” the Department of Justice wrote. … Read more
IBM acquires a blockchain patent to detect money laundering transactions and other violations based on nodes identifying data Go to Source Powered by WPeMatico
In a chilling but sadly all-too-familiar sequence of events, UK banks have been targeting cryptocurrency owners. Individuals who have cashed out large amounts of cryptocurrency – legitimately – have had their assets frozen and accounts locked without warning, fueled by fears of money laundering and a general distrust of bitcoin. One victim even claims to … Read more
The director of the U.S. Financial Crimes Enforcement Network (FinCEN) says that the agency has seen a surge in filings of crypto-related Suspicious Activity Reports Go to Source Powered by WPeMatico
Japan’s Financial Services Agency, has published the results of its on-site inspections of crypto exchanges, saying it plans to bolster regulatory oversight Go to Source Powered by WPeMatico
A suspect in a $24 million Bitcoin scam has been arrested on charges of money laundering by Thai authorities Go to Source Powered by WPeMatico
Bithumb has suspended issuing new virtual accounts to crypto traders starting on August 1 after failing to renew the contract with its bank. These accounts are part of the real-name system enforced by the Korean government earlier this year. Only three exchanges in the country are now reportedly able to open new virtual accounts for … Read more
A major new report from the U.S. Treasury Department has called for a more agile and conducive regulatory approach to innovations in the fintech sector Go to Source Powered by WPeMatico
