Cybercrimes

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French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation

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The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market participants offering crypto asset services in the EU, with strict adherence to anti-money laundering, cybersecurity, and … Read more

New Senate Bill Empowers US Secret Service to Combat Digital Asset Cybercrimes

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U.S. senators have introduced legislation to empower the Secret Service to combat cybercrimes involving digital assets. This legislation addresses the growing use of cryptocurrencies for illicit activities and mandates the Government Accountability Office to evaluate law enforcement’s effectiveness in tackling money laundering in cyber crimes. New Bill Targets Cybercrime and Money Laundering with Digital Assets … Read more

G7 Leaders Ask Russia to Urgently Identify Those Who Abuse Cryptocurrency in Ransomware Attacks

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The G7 leaders have called on Russia to urgently “identify, disrupt, and hold to account” ransomware hackers and those abusing cryptocurrency to launder ransoms. “We reiterate our interest in stable and predictable relations with Russia, and will continue to engage where there are areas of mutual interest,” the G7 leaders said. G7 Nations Ask Russia … Read more

China Central Bank Identifies ”3,000 Fake Blockchain” Platforms – Law Enforcement to Coordinate Against Cybercrime

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This week China’s central television (CCTV 2) reported the Peoples Bank of China (PBOC), its Ministry of Public Security, in coordination with other regulatory agencies, will work to combat cybercrime often in the disguise of financial innovation.  Also Read: Some UK Mortgage Lenders Refuse to Serve Bitcoin Investors 2,000 Tokens, 3,000 Knockoff Platforms The People’s Bank of … Read more