AUSTRAC releases 2 new guides to help spot illicit crypto use

AUSTRAC also urged financial institutions from debanking clients who may be engaged in suspicious account activity, as a mistake could be costly to “Australia’s economy.”

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Shiba Inu Sheds Almost 65,000 Holders in 12 Days

Shiba Inu has lost 63,901 users over the past 12 days - consistently thousands every day despite prior three months of steady gains.

Continue reading Shiba Inu Sheds Almost 65,000 Holders in 12 Days at DailyCoin.com.

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Here’s why Binance froze the accounts of 281 crypto users from Nigeria

Nigeria, which has the highest rates of cryptocurrency ownership in the world has continued to grow despite the government ban. A majority of them have their portfolio registered in the world’s biggest crypto exchange Binance which has increasingly come under the prying eyes of regulators around the world. As per a recent development, the trading […]

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Bank of America Faces Scrutiny After Coinbase User Alleges the Bank Closed His Account Over Bitcoin Transactions

Bank of America has come under scrutiny after a Coinbase user claimed that the bank closed his account over Bitcoin transactions. Coinbase CEO Brian Armstrong quickly addressed the issue, asking other users if they have encountered the same problem with Bank of America. Coinbase’s CEO Raises Concerns Over Account Closures at Bank of America Bank [...]

The post Bank of America Faces Scrutiny After Coinbase User Alleges the Bank Closed His Account Over Bitcoin Transactions appeared first on Crypto Breaking News.

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Buying a car with Bitcoin gets $3.7M fine, prison time in Morocco

A crypto user who purchased a luxury car with Bitcoin (BTC) faces 18 months in prison and a $3.7 million fine in Morocco, which still considers the use of crypto as an illegal act. A recent report by Euronews stated the Casablanca Court of Appeal had upheld the conviction of Thomas Clausi, a 21-year-old French [...]

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