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A report on cryptocurrency theft published by cyber security firm CipherTrace found that hacking of exchanges and trading platforms has jumped 250 percent in the first nine months of 2018 on a year-over-year basis, reaching $927 million. $2.5 Billion Laundered on Top 20 Cryptocurrency Exchanges, Says CipherTrace Report...
The Financial Action Task Force (FATF), an intergovernmental organization founded in 1989 on the initiative of the G7 to combat anti-money laundering (AML), may be about to agree with a set of standards to apply to virtual currencies. President Marshall Billingslea is optimistic that the discussions scheduled for October...
Barclays and HSBC have allegedly blocked three accounts of a U.K.-based electric bike retailer for having traded Bitcoin for cash through a popular P2P trading platform hours earlier. The alarming situation comes five months after crypto exchange Coinbase opened a bank account with Barclays. Bank Account Closures Raise...
Industry experts and lawyers discussed whether companies should issue security tokens in a panel debate at real estate-focused event BitcoinCRE on June 14. Part of London Tech Week, the event looked at regulations across the world and happened hours before Ether was declared ‘not a security‘ by the SEC....
Analyst P.A.ID Strategies has revealed the results of research into the on-boarding practices of cryptocurrency wallets and exchanges across the U.S. and Europe, research that focused on which of these crypto service providers are using Know Your Customer (KYC) checks when on-boarding customers. These companies might have to change...
The Commodity Futures Trading Supervisory Agency (Bappebti) has said that cryptocurrencies are a commodity that can be subject to futures trading. This comes despite a central bank ban on fintech companies using digital currencies and government warnings to investors. Futures Trading Expands to Indonesia As reported by kontan.co.id,...
The government of Taiwan, following moves made by neighbors like Japan and South Korea, will roll out new cryptocurrency regulations later this year. Speaking at a conference dedicated to anti-money laundering (AML) on Friday April 20th, Chiu Tai-san, Taiwan’s Minister of Justice, said that the country will develop...
The Vancouver Police Department (VPD) has warned Canada’s federal government that cryptocurrencies are increasingly being used by organized crime to launder money. The agency advises that checks and balances are necessary to monitor the digital coins, and pushes for the enforcement of amendments to legislation that would require...
Today, April 20th, EU Parliament voted in a December agreement by 574 votes to 13 votes (with 60 abstentions), which proposed tighter regulation for digital currencies in attempts to prevent the coins from being used for money laundering and terrorism financing. The agreement will also permit EU citizens...
Over the past six months we’ve seen numerous high-profile cyber-attacks hitting online cryptocurrency exchanges around the globe. To better protect their digital and fiat assets — in a market that’s volatile enough as it is —an increasing number of traders are looking for alternatives. Enter: the over-the-counter (OTC)...
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