illicit transactions – DIGIT INFO

Nigerian stakeholders demand Binance reveal identity of bribe agent

DIGIT — Wed, 08 May 2024 12:13:53 +0000

SIBAN’s executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing.

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South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry

DIGIT — Wed, 03 Aug 2022 08:00:29 +0000

A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading inaccurate information that “does immeasurable damage to an important new industry.” Only 0.15% of Crypto Transactions Are […]

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South Korean Government Announces Crackdown on Illicit Crypto-Related Transactions in an ‘Overheated Market’

DIGIT — Sat, 10 Apr 2021 03:30:41 +0000

Adding to the South Korean cryptocurrency industry’s stricter regulations, the central government is focusing on the “crackdown” of illegal crypto transactions. A meeting over the week held with high-ranked politicians resulted in a campaign that will soon be deployed. Government Seeks International Help to Monitor International Crypto Exchanges According to Chosun, the South Korean Government […]

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Putin Asks Russian Attorney General Office to Combat Illegal Cross-Border Crypto Transfers

DIGIT — Fri, 19 Mar 2021 04:30:37 +0000

The Russian President held a meeting with the attorney general’s office where cryptocurrencies came to the discussion table. Vladimir Putin raised red flags toward taking measures to prevent illegal activities on cross-border transfers with cryptos. Putin Calls Other Offices to Join the Fight Against the Usage of Cryptos for Illicit Purposes According to a transcript […]

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Cyber Criminals Are Now Hiding Their Stolen Cryptos 13x Faster, Says Report

DIGIT — Fri, 26 Feb 2021 13:30:10 +0000

A new report unveiled a growing trend of efforts from cybercriminals hiding their stolen cryptocurrencies through different transaction flows. Crystal Blockchain pointed out that since 2019, the volume of stolen bitcoin grew significantly. Only 8% of the Funds Were Transferred to Exchanges With Verification Procedures in 2020 Per the findings, in 2020, the firm said […]

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Speechwriter for Former US President George Bush Says BTC Rally Driven by ‘Historically Low Interest Rates’

DIGIT — Tue, 23 Feb 2021 07:00:08 +0000

A speechwriter for former U.S. President George W. Bush and a bitcoin critic, David Frum has claimed that the low-interest rates are fueling the crypto asset’s rally. Frum suggests that the crypto asset might experience a “fast and deep price crash” if and when interest rates start to rise. Institutional Interest in BTC In comments […]

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Janet Yellen Stresses Importance of Crypto Regulation, Making Sure Bitcoin Is Not Used in Illicit Transactions

DIGIT — Fri, 19 Feb 2021 19:30:12 +0000

U.S. Treasury Secretary Janet Yellen has reaffirmed that it is important to ensure that bitcoin and other cryptocurrencies are not used for illicit financing. In addition, she stresses the importance of regulating institutions that deal with bitcoin. Janet Yellen Claims It’s Important to Make Sure Bitcoin Is Not Used for Illicit Financing U.S. Treasury Secretary […]

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