Authorities are reportedly investigating billions in cryptocurrency transfers that moved through a Russia-based exchange. The probe into the $20 billion-plus payments is part of efforts by the U.S. and Great Britain to crack down on sanctions evasions amid Russia’s war in Ukraine, Bloomberg News reported Thursday...
As of last June, most of the world’s governments hadn’t begun regulating the cryptocurrency sector. That’s according to a new report by the Financial Action Task Force (FATF), whose president told CoinDesk Thursday (March 28) that this low level of response — with under 30% of...
Most crimes, at the end of the day, are crimes of opportunity. After all, bad actors and scammers just need to get lucky once. And with the resurgence of the cryptocurrency market, as bitcoin tops $70,000 and even meme coins start to make a comeback, opportunity...
Earlier this year, bankrupt cryptocurrency firm FTX called off plans to resurrect its exchange. And that was a missed opportunity, some of the company’s creditors told The Wall Street Journal in a report published Thursday (March 27). “They are responsible for destroying billions of dollars in value,” said Arush...
The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against the entities that operate KuCoin, a centralized digital asset exchange. The agency has charged KuCoin with operating an illegal digital asset derivatives exchange and committing multiple violations of the Commodity Exchange Act (CEA) and CFTC...
The U.S. has sanctioned 13 Russia-linked FinTechs for allegedly using cryptocurrency to evade bans. “Russia is increasingly turning to alternative payment mechanisms to circumvent U.S. sanctions and continue to fund its war against Ukraine,” Brian Nelson, under secretary of the U.S. Treasury for terrorism and financial intelligence,...
Federal regulators want blockchain firm Ripple to pay a nearly $2 billion fine. That’s according to company officials who took to social media in advance of the publication of court documents scheduled for Tuesday (March 26) to criticize the Securities and Exchange Commission’s (SEC) proposed punishment. “The SEC plans...
Nigeria has reportedly charged Binance and two of the cryptocurrency exchange’s executives with tax evasion. The charges come with a dramatic wrinkle, as one of those executives, who had been detained by the government last month, has apparently fled the country, Bloomberg News reported Monday (March 25). According...
Goldman Sachs has reportedly been making significant strides in the cryptocurrency industry. A recent surge in cryptocurrency prices, with bitcoin hitting an all-time high of $73,794 last week, has been primarily driven by retail investors, but institutional interest is growing, Mathew McDermott, the global investment...
