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With insane interest rates and yield farmers endlessly jumping from one protocol to another, fears are growing that DeFi isn’t sustainable — and change is needed. Go to Source Powered by WPeMatico
The mastermind behind a $25 million cryptocurrency debit card scheme has been sentenced to one year and one day in prison, in addition to three years of supervised release. The authorities have also seized his cryptocurrency. $25 Million Crypto Credit Card Scheme The U.S. Department of Justice (DOJ) announced Tuesday that Robert Joseph Farkas, also … Read more
Hong Kong now has its first regulated cryptocurrency trading platform. The Securities and Futures Commission has just given out the first-ever crypto license to OSL Digital Securities which will soon commence trading for several cryptocurrencies, including bitcoin. Hong Kong Gives Out First Crypto License Hong Kong’s Securities and Futures Commission (SFC) has licensed the first … Read more
Estonia has withdrawn permits from one thousand crypto companies this year. Go to Source Powered by WPeMatico
“It is unacceptable that in the face of a scam like this there hasn’t been a strong reaction on the part of the judicial authorities.” Go to Source Powered by WPeMatico
Over 1,000 cryptocurrency firms’ licenses have been revoked in Estonia this year as the country tightens the oversight of the crypto industry amid heightened money-laundering concerns. 1,000+ Crypto Firms Lost Their Licenses This Year The Estonian Ministry of Finance revealed Friday that the country’s Financial Intelligence Unit (FIU) has revoked more than 1,000 crypto companies’ … Read more
An Indian law enforcement agency has arrested Naisar Kothari, a cryptocurrency trader, for his role in a money-laundering scheme linked to online Chinese betting scams. The arrest was made after the country’s Enforcement Directorate (ED) detected large amounts of money “being inexplicably transferred to some cryptocurrency traders.” In addition to Kothari’s arrest, the ED conducted … Read more
The French council of ministers has approved a series of new measures to combat the anonymity of cryptocurrency transactions. Anonymous accounts are banned at crypto exchanges which must now impose stricter know-your-customer requirements. France’s Finance Minister Bruno Le Maire says the changes are necessary to fight against terrorism financing. France Tightens Crypto Surveillance France’s Council … Read more
“Bitcoin means trusting a SHA256 algorithm more than the U.S Treasury,” quipped Blockfolio. Go to Source Powered by WPeMatico
The Public Prosecutor’s Office of the Argentine city of Córdoba has indicted 12 people in connection with the Onecoin Ponzi scheme. Eight of them have been arrested. Onecoin Scammers Arrested The Public Prosecutor’s Office for Complex Crimes of the Argentine city of Córdoba ordered the arrest of 12 people linked to the Onecoin Ponzi scam … Read more