More than 300 victims identified in a scheme that resulted in more than $1 million in losses, the New York officials said.
Iurii Gugnin, a 38-year-old New York resident and Russian national, was arrested and arraigned Monday on charges related to the alleged scheme.
The WYST stablecoin, approved for development under the Wyoming Stable Token Act passed in March 2023, is expected to launch in July.
German prosecutors said eXch explicitly advertised its lack of anti-money laundering measures on platforms of 'criminal underground economy.'
Notabene’s annual survey of crypto firms found that almost all respondents expect to be Travel Rule compliant by mid-2025.
Arizona is also leading the crypto reserve legislation race and Galaxy Research proposed a new voting system for Solana emissions.
Trump family's crypto ventures — including a planned stablecoin launch — could stall crypto regulatory advancements, according to TD Cowen.
Jack Dorsey's Block Inc. reached a $40 million dollar settlement with New York's top financial regulator on Thursday.
Garantex purportedly enables money laundering from criminal organizations and has processed at least $96 billion in digital asset transactions since 2019.
Kovar supposedly used investor funds to operate his company and purchase real estate, while also repaying prior investors as if from crypto mining proceeds.
The former operator of the BTC-e crypto exchange was charged with violating U.S. anti-money laundering laws and pleaded guilty in 2024.
He purportedly exploited vulnerabilities in the smart contracts of KyberSwap and Indexed Finance to steal around $48.8 million and $16.5 million respectively.
The overseas exchange previously pled guilty to these crimes in July 2024 and agreed to pay a $110 million penalty at the time.
California resident Ken Liem has accused three banks of failing to perform adequate checks that could have blocked the scammers from opening accounts in the first place.
The Taiwanese FSC has released new Anti-Money Laundering laws that will replace its current regulations and require full compliance of VASPs.
The crypto exchange complies with anti-money laundering legislation, he said.
India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors by a New Delhi-based technology policy think tank revealed.
In a significant development for the cryptocurrency industry, United States Senator Roger Marshall has overturned his support for the Digital Asset Anti-Money Laundering Act (DAAMLA) Bill, a legislation introduced by Democratic Party Elizabeth Warren. Marshall’s move to back down from the bill indicates the growing concerns about the possible overreach of regulatory actions regarding the […]
Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers, the Financial Conduct Authority said.
The update aims to prevent Terrorist groups and organizations from exploiting Singapore’s economic openness as an international financial, business, and transport hub.
Nigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer potential crypto investors much-needed clarity.
Former CEO Changpeng Zhao cannot be Binance's beneficiary if it wants to keep its French license.
The amendments will be implemented in several stages starting on April 4, and transitional arrangements will be provided for affected entities.
Globally, less than 30% of jurisdictions have started regulating the crypto sector as of June 2023, the Financial Action Task Force (FATF) President T. Raja Kumar told CoinDesk in an interview from Singapore.
According to a Kyros Ventures report, 33.3% of Chinese investors hold a large number of stablecoins, ranking them second only to Vietnam's 58.6%, indicating a higher level of risk appetite.