accounts – DIGIT INFO

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

DIGIT — Sat, 29 Apr 2023 08:19:58 +0000

A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan […]

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SEC Charges Crypto Exchange Bittrex With Operating Unregistered Exchange, Broker, and Clearing Agency

DIGIT — Mon, 17 Apr 2023 15:51:58 +0000

After the report revealing that the cryptocurrency exchange Bittrex had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), the securities regulator charged Bittrex and the company’s CEO on April 17 for “operating an unregistered exchange, broker, and clearing agency.” Following the Wells Notice, SEC Charges Bittrex for Violating Federal Laws On […]

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Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services

DIGIT — Sat, 15 Apr 2023 01:30:59 +0000

ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong Kong Hong Kong’s first […]

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Russian Law Enforcement Prepares to Seize Crypto Assets, Seeks Permission to Set Up Wallets

DIGIT — Sun, 09 Apr 2023 19:45:17 +0000

Russian investigators are pressing the parliament and government in Moscow for permission to open their own cryptocurrency wallets. This would allow law enforcement agencies to seize digital assets during criminal cases and eventually sell them, something that authorities in the United States and Europe already do. Russian Prosecutors Lobby for Powers to Confiscate and Auction […]

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Signature’s crypto clients told to close their accounts by April 5: Report

DIGIT — Wed, 29 Mar 2023 02:01:32 +0000

Any crypto deposits not transferred to another bank by April 5 will be liquidated and a check mailed to the client’s address.

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Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses

DIGIT — Tue, 28 Mar 2023 22:00:29 +0000

According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with […]

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Binance and Huobi freeze $1.4M in crypto linked to North Korean hackers

DIGIT — Wed, 15 Feb 2023 05:22:55 +0000

The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work.

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Russians Offered Ready-made Crypto Exchange Accounts Amid Restrictions

DIGIT — Tue, 31 Jan 2023 06:30:45 +0000

Russian crypto traders have been looking to obtain unrestricted accounts for global exchanges as their access to such platforms is limited. Over the past year, the offering of such accounts on the dark web has increased significantly, cybersecurity experts told the Russian press. Supply of Crypto Exchange Accounts for Russian Users Doubles in a Year […]

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Germany’s Financial Watchdog Warns of ‘Godfather’ Malware Attacks on Crypto Apps

DIGIT — Thu, 12 Jan 2023 12:30:08 +0000

The agency overseeing the financial sector in Germany has issued a warning about the ‘Godfather’ malware attacking banking and crypto applications. Hundreds of these platforms have been targeted, the regulator noted, including those operating in the Bundesrepublik. Financial Authorities Advise Germans How to Protect Their Mobile Apps From Malware The Federal Financial Supervisory Authority of […]

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Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities

DIGIT — Wed, 28 Dec 2022 07:30:38 +0000

Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm in Venezuela, more than 75 accounts have been blocked by Venezuelan private banks for facilitating crypto-to-fiat and fiat-to-crypto conversions since the end of 2021. Venezuelan […]

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