Kosovo receives guidance from Council of Europe on crypto crime tracing

Kosovos Financial Intelligence Unit partners with the Council of Europe to improve crypto crime tracing skills and strengthen regulations on digital currencies.

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Bitget in active discussions to obtain India license

Bitget is currently operating in the Indian market but faces some issues with signing up new users due to certain regulatory limitations.

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Rising crypto crimes in Australia prompt call for tougher regulations

AUSTRAC's latest report highlights a rise in criminal use of cryptocurrencies, urging stricter regulations and international cooperation to combat money laundering.

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India Hits Binance with $2.25M Fine for PMLA Breach

Binance, one of the world’s leading cryptocurrency exchanges, was recently fined roughly $ 2.25 million or Rs. 18.82 crores by India’s Financial Intelligence Unit [FIU]. The order, dated June 19, 2024, cited multiple violations of the Prevention of Money Laundering Act [PMLA], 2002, as a Virtual Digital Asset Service Provider. The financial watchdog alleged that […]

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Binance obtains FIU approval for India return

Besides Binance and KuCoin, several other platforms received the regulatory notice in December last year followed by a ban in January this year.

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Fiji Officials Warns Residents of Cryptocurrency Scams

The Fiji Financial Intelligence Unit (FIU) has issued a warning to the members of the public with respect to a scam that is being publicized in the country. (Read More)

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Korean financial watchdog to block tens of unregistered exchange websites

Korea's Financial Intelligence Unit is cracking down on foreign-based cryptocurrency exchanges that are yet to register with relevant authorities in the country.

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Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset services. Most Estonian Licenses for Provision of Crypto-Related Services Expire A total of 389 [...]

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US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto

The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to “transfer and launder their illicit proceeds.” The Treasury’s report warns that defi could threaten national security and calls for policymakers to increase oversight. [...]

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