Brazilian Party Proposes Bill to Restrict Bitcoin Mining and Tax Trading Activities

A new bill introduced by a deputy from President Lula’s political party proposes to allow only licensed entities to mine bitcoin in Brazil. The draft restricts cryptocurrency trading to licensed traders and establishes a daily tax on these activities. Lula’s Party Bill to Establish Restrictions on Bitcoin Mining, Cryptocurrency Trading While Brazil already has a … Read more

Central Bank of Brazil Hints at Credit-Focused CBDC Pilot Phase

The third phase of the CBDC pilot will involve implementing tokenization solutions that allow customers to provide banks with visibility into their collateral assets in Brazil. This, in turn, would simplify the process of assigning credit within an onchain, open, and shared finance ecosystem. Central Bank of Brazil Seeks to Solve Onchain Credit in Drex’s … Read more

French Police Arrest Suspects in Brutal Crypto Kidnapping Case

French police have arrested several individuals suspected of being involved in the kidnapping of the father of a wealthy cryptocurrency entrepreneur last month. This incident is part of a troubling trend of kidnappings and extortion attempts targeting families of high-net-worth individuals in the cryptocurrency sector. The kidnapping occurred on May 1 in Paris, where the … Read more

$124M Crypto Laundering Scheme Exposed in Australia—Authorities Charge Four

A long-running Australian multi-agency investigation has dismantled a sophisticated money laundering scheme in Queensland, charging four individuals and freezing $13.7 million. At the heart of the alleged operation was a security company that reportedly converted $124 million in cash into cryptocurrency to conceal illicit funds. Masterminds Convert Cash to Crypto in Bid to Hide Funds … Read more