Pro-crypto Colombian congressman highlights legalization challenges
He went so far as to call for the preconceptions surrounding crypto to be demystified. Go to Source Powered by WPeMatico
Money Laundering
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Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero
Crypto intelligence firm Chainalysis and data forensics company Integra Fec have won a combined $1.25 million contract to provide tools that break the privacy-focused coin, monero, for the U.S. Internal Revenue Service (IRS). Floated early September, the one-year contract specifically covers transactions involving monero (XMR) and second-layer payment solutions such as bitcoin’s lightning network (LN) … Read more
FinCEN director warns banks about cryptocurrency risk exposure
FinCEN has warned U.S. banks that it is closely watching how they respond to crypto risk exposure with their AML programs. Go to Source Powered by WPeMatico
Bulgarian exchange owner convicted over auction fraud scheme
The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate. Go to Source Powered by WPeMatico
Crypto crimes are no excuse for taking away digital asset fungibility
The rise of crypto-related crimes and money laundering cases is the result of the increasing mass crypto adoption. Go to Source Powered by WPeMatico
Nexo founder feels vindicated by the FinCen leak, talks of double-standards
Had it been Coinbase or Nexo, he agreed with speculation that law enforcement would have been knocking on the door the next day. Go to Source Powered by WPeMatico
Mandatory KYC verification may contradict privacy laws in South Korea
Will this legal contradiction be resolved before the deadline? Go to Source Powered by WPeMatico
Keiser Insists ‘Bitcoin Inversely Correlated To USD Not Stock Markets’ After Crypto Market Tumble
Reports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September 21. Also tumbling in tandem with stocks were cryptocurrencies thus leading to renewed concerns that digital assets are intertwined with the global financial system. However, these concerns are dismissed by … Read more
FinCEN leak suggests new AML measures may not go far enough… for banks
The leaked documents show many banks ‘enabling’ money laundering. Go to Source Powered by WPeMatico
Report: Privacy coins don’t conflict with anti-money laundering laws
Where does the right to financial privacy end? Go to Source Powered by WPeMatico