Nigerian crypto star out on bail following police detention

Industry watchers are closely monitoring the case for signs of how Nigerian authorities will handle similar cases, which could impact the countrys growing cryptocurrency sector.

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Singapore ups crypto exchanges risk factor in update to AML/CFT laws

The update aims to prevent terrorist groups and organizations from exploiting Singapores economic openness as an international financial, business and transport hub.

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Cyprus calls for collective crackdown on crypto terror financing

The alert serves as a reminder of the critical role financial professionals play as gatekeepers in the fight against financial crime.

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Nigeria urged to adopt crypto regulations inspired by Europe

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.

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Chainalysis will help Tether monitor secondary market for illicit activity

The blockchain analytics firm will provide tools to spot sanctioned and illicit activity and provide market information.

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US Treasury strategy would tighten virtual asset regulations, increase AI use

The Treasurys fight against illicit finance will focus on better regulations, greater enforcement and AI.

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Binance exec denied bail in Nigeria money laundering trial

Head prosecutor Ekele Iheanacho objected to bail by highlighting Gambaryans questionable attempt to get a new passport, allegedly due to a stolen previous one.

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Introducing Pump.funs New Lending Platform for Financing Memecoin Purchases

Pump Fun Introduces DeFi Lender Finance Memecoin Acquisition Pump Fun, a renowned decentralized finance (DeFi) platform, has recently announced the launch of a new and exciting memecoin called DeFi Lender Finance. This innovative token aims to revolutionize the DeFi space by offering unique utility and benefits to its holders. With the rise of memecoins in [...]

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How Bitcoin Treasury Bonds Could Revolutionize US Debt Refinancing, Says VanEck Executive

Bitcoin Treasury Bond Refinance to Address $14 Trillion US Debt: VanEck In a groundbreaking move, VanEck has proposed the issuance of a Bitcoin-backed Treasury bond to assist in refinancing a staggering $14 trillion in US debt. This innovative approach aims to leverage the potential of digital assets to provide a secure and sustainable solution to [...]

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EU Proposes Cap on Anonymous Crypto Transfers

The European Union is proposing a 1,000 euro cap on anonymous crypto transfers to combat money laundering and terrorist financing. The limit would apply to transfers when a customer cannot be identified, and the proposal also caps cash transactions at 7,000 euros. The Anti-Money Laundering and Countering the Financing of Terrorism package is expected to be confirmed in April. (Read More)

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US Department of Justice Seizes Hamas Cryptocurrency Meant for Financing Terrorism

The US Department of Justice has confiscated $201,000 of cryptocurrency linked to Hamas terrorist financing. This seizure marks a significant milestone in the government’s efforts to crack down on illicit activities using digital assets. The funds were believed to be used to support terrorist activities and were traced back to a known Hamas-affiliated cryptocurrency exchange. [...]

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Canaan Inc. Secures $200 Million Financing Through Series A-1 Preferred Shares

Canaan Inc. enters an agreement for $200 million financing, enhancing growth and expansion in crypto mining, with initial proceeds of $100 million received. (Read More)

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Brazil Sees BRICS Bank as Alternative Financial Institution, President Lula Says

The government of Brazil views the development bank established by the BRICS bloc as an alternative to traditional financial institutions, the country’s head of state told African diplomats. President Lula da Silva also vowed that the bank will improve cooperation with its African counterpart. Brazil Wants the New Development Bank Under BRICS to Strengthen as [...]

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Namibia signs crypto exchange regulation bill into law

The law will officially enter into force at a date determined by Namibia’s Ministry of Finance.

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Crypto travel rule implementation ‘remains relatively poor,’ says FATF

A renewed call from the Financial Action Task Force (FATF) has asked countries to implement the “travel rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies. On June 23, the United Nations body — whose role is to promote strategies to combat money laundering and terrorist financing — explained that “many” member [...]

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US regulator to seek feedback on DeFi's impact on financial crime

A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.

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Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry

Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the country as part of the new modifications. The changes would prepare the country for the review that the Financial Action Task Force (FATF) is slated

The post Argentina to Revamp Anti Money Laundering Law, Proposes Creation of VASP Registry appeared first on BTC Ethereum Crypto Currency Blog.

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Bitcoin Miner Iris Energy Signs Share Purchase Agreement with B. Riley

The issuance of new shares is meant to help Iris Energy strengthen its capital base to support its Bitcoin mining operations amid the market downturn. (Read More)

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StarkWare Valued $8bn in New $100m Funding Round

StarkWare, an Ethereum-based Layer-2 protocol, has raised $100 million in a Series D funding round to bring its valuation to $8 billion. (Read More)

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Singapore-based ADDX Raises $58m in Pre-Series B Round

Digital securities token exchange ADDX raised $58 million in a Pre-Series B round on Tuesday. (Read More)

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