United States Senators will hear testimony today on crypto and its role in the world of crime – but a former senior regulator has warned that politicians coming down too hard on the crypto sector risked throwing out the baby with the bathwater. The Senate’s Committee on Banking, Housing, and Urban Affairs meet today…
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The UK’s National Crime Agency (NCA) has called on the country’s authorities to regulate decentralized crypto mixers that enable multiparty bitcoin (BTC) transactions, claiming that the process can be used by criminals to launder money from illicit sources and to avoid detection. Gary Cathcart, Head of the financial investigation at the National Crime Agency,…
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Crypto adoption appears to be on the rise in Russia – where lawmakers have suggested the idea of fostering domestic crypto exchanges as an alternative to using international platforms. Per the Russian Parliamentary Gazette, Aleksander Yakubovsky, an MP and part of the crypto working group that is seeking to create a framework of regulations…
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The central People’s Bank of China (PBoC) has added new functionality to its pilot digital yuan app – but it appears that some citizens are already trying to commit crimes using the new token, and have attempted to use it to launder money. Per IT Home, the PBoC’s app, which debuted in 11 cities…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Terra Ecosystem Gets USD 1B Injection, Grayscale’s Bitcoin ETF Campaign + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Major NFT marketplace OpenSea, which said it fell victim to a phishing attack over the weekend, has narrowed down the list of impacted individuals from the initial assumption of 32 to 17. However, the platform said it still hasn’t determined the exact source of the issue…. Read More: OpenSea Narrows Down List of Impacted…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. ____… Read More: Helium Mounts Unicorne, DeFi & Metaverse ETFs, Crypto Executive Order + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Colorado’s Crypto Move, Travel Rule & TRUST, Criminal Whales, Inflation in UK + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
The growing popularity of cryptocurrencies has placed Russia among the leaders in adoption. But while it is yet to reach the top of the ranking, the country already has a “disproportionate share” of global activity related to some forms of crime involving cryptocurrency, according to a new study by Chainalysis.
Three Quarters of Ransomware Revenue…
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As part of its probe into a potential value-added tax (VAT) fraud, UK tax authority Her Majesty’s Revenue and Customs (HRMC) has confiscated three non-fungible tokens (NFTs) in what represents the first seizure of such assets by a British government institution. On HMRC’s initiative, three persons accused of attempting to defraud the agency of…
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