India’s crypto tax is a gov’t attempt to ‘displace’ the tech — Lawyer
Legal practitioner Amit Kumar Gupta told Cointelegraph that the Indian government’s stance on crypto reflects a lack of understanding of the technology. Go to Source
Money Laundering
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Ireland drafting urgent crypto laws before EU money laundering rules
Ireland’s finance minister wants to act quickly before the EU enacts strict Anti-Money Laundering legislation. Go to Source
Bitfinex hacker should get 5 years jail for 120K BTC heist: Feds
Ilya Lichtenstein, who stole 120,000 Bitcoin in a 2016 hack on the Bitfinex, should receive a reduced sentence of five-years in prison, prosecutors say. Go to Source
US Prosecutors Seek Reduced Sentence for Bitfinex Hacker Ilya Lichtenstein
U.S. prosecutors are requesting a reduced sentence for Ilya Lichtenstein, the mastermind behind the 2016 Bitfinex bitcoin heist, citing his significant cooperation in recovering stolen assets. Lichtenstein faces sentencing for stealing 120,000 bitcoin, worth $71 million at the time. U.S. Government Recommends Lighter Sentence for Bitfinex Hacker Due to Cooperation Prosecutors are recommending a lighter … Read more
UK, Colombia crypto exchanges linked in TD Bank record fine
TD Bank facilitated more than $1 billion worth of bank transfers from two international crypto platforms, according to FinCEN. Go to Source
TD Bank Makes History as First US Bank to Plead Guilty to Money Laundering Conspiracy
TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion penalty, the largest ever under the Bank Secrecy Act, after pleading guilty to felony charges. The bank is the largest in U.S. history to plead guilty to Bank Secrecy Act program failures and the first to … Read more
Brazilian Authorities Launch Operation Targeting Entities Facilitating Crypto Money Laundering
The Brazilian Federal Police launched Operation Alcacaria this Wednesday, aiming to thwart the action of a network focused on providing money laundering services using cryptocurrency. The operation involved 62 search warrants, 13 arrest warrants, and the seizure of funds of the involved entities in banks. Brazilian Authorities Execute Operation Alcacaria Against Crypto Money Laundering Actors … Read more
Nigerian Regulator Pledges to Fight Crypto Fraud
The Nigerian Securities and Exchange Commission (SEC) vows to crack down on fraud, money laundering, and market manipulation in the crypto sector. The SEC director general, Emomotimi Agama, emphasized the importance of educating investors. Lagos State Governor Babajide Sanwo-Olu said he supports regulating the crypto sector. Investor Education Nigeria’s securities regulator vows to crack down … Read more
New York Regulator Hiring Blockchain Analyst to Tackle Crypto Crimes
New York’s financial regulator has a job opening for a Virtual Currency Senior Blockchain Analytics Analyst. The permanent position focuses on preventing financial crimes such as money laundering and fraud by ensuring compliance in the growing virtual currency sector. The role involves using blockchain analytics to monitor risks. Applications are due by Oct. 14. New … Read more
Academic paper suggests governments should attack public blockchains
Crypto exchange Kraken has announced the delisting of Monero in the European Economic Area to maintain compliance with EU regulations. Go to Source
