The U.S. is intensifying its scam center crackdown by targeting Tai Chang money flows and alleged crypto laundering tied to schemes targeting Americans. The actions raise pressure on Southeast Asian fraud networks accused of using online fraud to reach U.S. victims. Key Takeaways: $700M DOJ seizures increase pressure on crypto laundering networks tied to scams […]
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Shenzhen court sentences leaders of a “pig‑butchering” fraud syndicate to death amid large‑scale criminal findings. The Shenzhen Intermediate People’s Court in Guangdong convicts leaders of the Bai family criminal syndicate—linked to “pig‑butchering” romance scams—and sentences Bai Suocheng, Bai Yingcang, Yang Liqiang, Hu Xiaojiang and Chen Guangyi to death, with additional defendants receiving death with two‑year […]
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Binance Charity will airdrop up to $1.5 million in crypto to verified users in quake-hit Myanmar and Thailand, showcasing blockchain’s power in disaster relief. Binance Charity Airdrops $1.5M in Crypto to Quake Zones in Thailand, Myanmar Crypto exchange Binance announced on March 31 that its philanthropic arm, Binance Charity, and co-founder Changpeng Zhao (CZ) will […]
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Efforts to trade using national currencies are intensifying, as nations aim to reduce reliance on the U.S. dollar and Western financial systems while boosting economic independence. Russia’s Plans for National Currency Payment Systems Signal Declining Dollar Use Countries worldwide are increasingly opting for national currencies in trade agreements, reducing reliance on the U.S. dollar and […]
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The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of local currencies for economic and financial transactions.” The group comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This move will help them reduce their reliance on the U.S. […]
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The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for […]
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Major General Zaw Min Tun of the country’s military forces said rolling out a digital currency would “help improve financial activities in Myanmar.”
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Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800. Draft Bill Open for Comments Myanmar’s military-ruled government is proposing to enact a law that […]
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On August 24, the investment and management company, Singapore Myanmar Investco Limited (SMI), revealed the company is entering the bitcoin mining industry as it has ordered 800 mining rigs to be delivered to Southeast Asia. The move follows a number of firms pivoting toward digital currency mining. Singapore Myanmar Investco Pivots Toward Bitcoin Mining In […]
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Binance, the world’s second largest digital asset exchange by traded volume, has withdrawn its services from countries targeted by U.S. economic sanctions, in line with its controversial revised terms of use. However, the ban affects entire populations in countries such as Zimbabwe, where U.S. restrictions are supposed to specifically target individuals and companies. Also read: Bitcoin […]
The post Thousands of Banned Binance Customers Remain Cut off by the Exchange appeared first on Bitcoin News.
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