32 People Indicted In Taiwanese Crypto Exchange Fraud Case

The ongoing saga between the Taiwanese authorities and former executives from crypto exchange ACE continues with a new round of charges pressed against its founder, David Pan, and another 31 individuals linked to the case.

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US authorities arrest and charge new figure in OneCoin scheme — who is William Morro?

Reports suggested that the latest individual to be charged in connection to the crypto scheme was associated with Gilbert Armenta, the boyfriend of OneCoin founder Ruja Ignatova.

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Senator Warren wants to extend anti-money laundering rules to crypto miners and validators

US Senator Elizabeth Warren said any new crypto regulation, including the newly proposed regulatory framework for the stablecoin market, must include the full suite of anti-money laundering authorities that the Treasury Department requested in November 2023.

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Crypto Mining $3.5 Million Scheme: Man Indicted For Alleged “Cryptojacking” Operation

A Nebraska man has been indicted with several criminal charges by the New York authorities for allegedly conducting a $3. 5 million crypto scheme. The press release revealed that the accused could face up to 30 years in prison if found guilty.

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A Deeper Pullback Ahead For BTC Price? U.S. Government Moves $2 Billion Seized Silk Road Bitcoin

Approximately $2 billion worth of Bitcoin previously seized by the United States authorities and connected to the now-shuttered Silk Road dark web marketplace has been transferred to a new wallet address.

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Canadian Authorities Probe $169M QuadrigaCX Crypto Scam In New Wealth Investigation

In a significant development, the Canadian province of British Columbia seeks to employ an unexplained wealth order (UWO) against Michael Patryn, co-founder of the Quadriga Coin Exchange (QuadrigaCX).

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Worldcoin soars amid major development at OpenAI

Worldcoin (WLD) price jumped to a new all-time high of $10. 92 on March 9. Gains have come amid fresh developments at OpenAI, where WLD co-creator Sam Altman is the CEO. Worldcoin contributor Tools for Humanity recently filed a lawsuit against Spanish authorities.

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UK Cracks Down On Crypto With New Law Enforcement Powers

The United Kingdom is tightening its grip on cryptocurrency, granting law enforcement agencies new powers to combat crypto-related crimes. This comes as part of the recently implemented Economic Crime and Corporate Transparency Act 2023, which equips authorities with unprecedented tools to tackle the misuse of cryptocurrencies in illegal activities.

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Genesis Global Trading Exits New York Following Landmark Court Settlement

Crypto firm Genesis Global Trading will voluntarily surrender its BitLicense to New York authorities. The post Genesis Global Trading Exits New York Following Landmark Court Settlement appeared first on BeInCrypto.

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Binance’s New CEO Maps Future Amidst $4.3 Billion Settlement Fallout with U.S. Authorities

Сообщение Binance’s New CEO Maps Future Amidst $4.3 Billion Settlement Fallout with U.S. Authorities появились сначала на Coinstelegram.

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Binance representatives tipped off VIP traders about impending DOJ settlement in advance: Bloomberg

30As negotiations between Binance and U. S. authorities over legal violations came to a head in September, select high-value traders got an inside look at what was to come, according to new reporting from Bloomberg.

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100,000 Koreans To Test New Digital Won In Central Bank’s Pilot CBDC Program

Over the past two years, the Asian region has been racing to launch Central Bank Digital Currencies (CBDC), and the Digital Won is the latest to enter a critical stage, per a recent report. Related Reading: Bhutan Secretly Spent Millions On Its Bitcoin Mines: Report Reveals Bank of Korea Partners with Financial Authorities For Digital […]

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New Binance CEO says company fundamentals remain strong despite $4.3b DoJ fine

Binance CEO Richard Teng has reiterated his confidence in the exchange's financial health after agreeing to a $4.3 billion penalty from U.S. authorities

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Three arrested in $10M bank fraud, crypto laundering scheme

The U. S. Attorney’s Office for the Southern District of New York and the FBI announced three arrests related to a $10 million scheme involving cryptocurrency on Nov. 16. The authorities said that Zhong Shi Gao, Naifeng Xu, and Fei Jiang were arrested after participating in a scheme to steal millions of dollars from U.

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47 countries pledge to authorize the crypto-asset reporting framework by 2027

The Crypto-Asset Reporting Framework is the new international standard for the automatic exchange of information between tax authorities.

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US Authorities Confiscate $54 Million In Ethereum From Convicted Drug Dealer

In recent developments, US authorities led by US Attorney Philip R. Sellinger successfully seized $54 million worth of Ethereum (ETH) from Christopher Castelluzzo, a convicted drug dealer operating in Lake Hopatcong, New Jersey.

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New UK law grants authorities power to seize crypto without arrest

The government of the U. K. has approved a bill enhancing law enforcement’s authority to confiscate cryptocurrency assets linked to criminal activities, including money laundering, fraud, and ransomware attacks.

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EU Formally Agrees on New Crypto Tax Data Sharing Rules

The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.

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How Bitcoin Is Leading El Salvador’s Revival, Vice President Speaks

Two years ago, El Salvador became the first country to issue a law adopting Bitcoin as legal tender in its territory. The controversial decision began a new era for the country’s economic trajectory, which international authorities have questioned.

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Top 3 reasons why investors own cryptocurrencies

Most individuals believe crypto is a good investment People are attracted to new technology Lack of trust in authorities turned people to crypto The cryptocurrency market’s popularity rose exponentially in the last decade or so.

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New UK bill to seize stolen crypto reach final approval stage

Key takeaways The UK House of Lords has passed a bill to seize stolen cryptocurrencies. The bill targets monetary proceeds from fraud or other financial crimes. The UK government could seize stolen cryptocurrencies A bill that seeks to expand the ability of UK authorities to target illicit cryptocurrency usage has been passed for approval by […] The post New UK bill to seize stolen crypto reach final approval stage appeared first on CoinJournal.

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Canadian Police Crack Down On Crypto Crimes With Chainalysis Software

The rise of crypto has brought with it a new wave of cybercrimes, challenging the conventional methods employed by law enforcement agencies. With blockchain transactions inherently designed to provide anonymity, authorities have often found themselves at an impasse when tracing illicit crypto activities.

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Japan’s crypto exchanges push for relaxed margin trading rules to attract new investors

Cryptocurrency exchanges in Japan have urged the authorities to loosen the regulations surrounding margin trading activities, according to a June 20 Bloomberg News report. JVCEA eyes higher leverage limits Japan Virtual and Crypto Assets Exchange Association (JVCEA), a body tasked with self-regulating the crypto industry, argued that its members want higher leverage limits for retail […] The post Japan’s crypto exchanges push for relaxed margin trading rules to attract new investors appeared first on CryptoSlate.

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CoinEx Exchange Banned In New York, Authorities Recover $1.7 Million

Attorney General Letitia James has issued a ban on CoinEx, a Hong Kong-based cryptocurrency exchange, prohibiting its operations within the state of New York. The ban follows an announcement on June 15 revealing that the exchange’s funds, totaling over $1.

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Crypto Exchanges Coinbase and Gemini in talks with UAE – New Avorak AI Crypto Algo gives insights

Governments and regulatory bodies globally are grappling with how to navigate the rapidly evolving crypto landscape. In a noteworthy development, Coinbase and Gemini crypto exchanges are reportedly engaged in talks with the United Arab Emirates (UAE) authorities.

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South Korean authorities raid Upbit, Bithumb crypto exchanges after political scandal

The raids came as a local lawmaker stepped down from politics amid accusations of allegedly selling millions in cryptocurrency before new laws were enforced.

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New Rules on Sharing Crypto Tax Data ‘Unanimously Supported’ by EU Members

Officials are optimistic finance ministers will formally agree on laws allowing the sharing of information on crypto and NFT holdings between tax authorities next week.

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Binance set to begin operations in Japan in two months’ time

Japan’s financial authorities had issued a warning that Binance was operating in the country without permission. Binance acquired Sakura Exchange BitCoin (SEBC) in November 2022. Existing services on SEBC will be terminated for new service under the provisional name “Binance Japan” to be issued.

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Ukraine plans to adopt EU’s new cryptocurrency regulations

Immediately after passing the European Parliament, Ukrainian authorities announced plans to adopt the EU's MiCA regulations on crypto assets.

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Silk Road attacker receives one year sentence for $3.4B Bitcoin theft

A Georgia resident has been sentenced to one year in prison following a $3. 4 billion Bitcoin theft, the U. S. Attorney’s Office Southern District of New York announced April 14. Zhong stole billions in BTC in 2012 The authorities said that James Zhong first committed wire fraud against Silk Road in 2012.

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Former Deutsche Bank associate charged in crypto investment scheme

An investment banker who formerly worked for a firm believed to be Deutsche Bank has been charged with crypto fraud, according to U. S. authorities on April 11. A statement from the U. S. District Court for the Eastern District of New York said that Rashawn Russell was arrested on April 10.

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Chinese authorities to enforce security reviews for AI services

China intends to introduce a new security review mandate for all generative AI services before operation as new chatbots like ChatGPT continue to surface.

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Bitget starts a new $100M fund targeting Asian Web3 startups

Crypto projects are seeking non-US jurisdictions There has been a surge in crypto-targeted crackdowns by authorities in the US. On the contrary, East Asian countries have been making strides to promote crypto in the last few months.

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Singapore introduce new guidelines to help banks authenticate customers in cryptocurrency space

According to insiders familiar with the matter, Singaporean banks are teaming up with authorities to establish consistent standards for screening potential customers in the digital assets and cryptocurrency sectors.

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Singapore composing new guidelines for banks with crypto clients

Singaporean authorities are collaborating with banks that offer crypto services to set up new vetting standards, as BNN Bloomberg reported. The country’s central bank officials have been active on the project for six months, the BNN Bloomberg article stated.

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Singapore to issue new guidance for banks on vetting crypto clients: Bloomberg

Singapore authorities are working with banks on new guidance for vetting crypto clients.   The guidance will cover stablecoins, nonfungible tokens (NFTs) and firms providing services in payments, trading and transfers of these assets.

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Sam Bankman-Fried charged with bribing Chinese officials: Court docs

The former FTX CEO is in hot waters once again, as he is facing a new 13-count indictment from authorities in the United States.

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Coinbase Contemplates Launching New Non-US Trading Platform as Authorities Intensify Scrutiny of Crypto Sector

Coinspeaker Coinbase Contemplates Launching New Non-US Trading Platform as Authorities Intensify Scrutiny of Crypto Sector Firms are actively searching for new banking partners as the regulatory climate in the US has now turned sour.

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Signature Bank Gets Shuttered By Regulators After SVB Collapse – A Major Blow To Crypto?

In an effort to avoid the spread of the banking meltdown, authorities have announced the closure of another crypto-friendly bank – New York-based Signature Bank – dealing a severe blow to the crypto industry.

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New York banking authorities shut down crypto-friendly Signature Bank

Key takeaways Crypto-friendly bank Signature Bank has been shut down by New York Banking authorities.   The Federal Reserve said the decision was made to protect the US economy and strengthen public confidence in the banking system.

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Breaking: Crypto-friendly Signature Bank closed by New York authorities

New York authorities have shut down Signature Bank, which closed in the red on Friday Silicon Valley Bank customers will get back their deposits in whole, with withdrawals opening on Monday The post Breaking: Crypto-friendly Signature Bank closed by New York authorities appeared first on AMBCrypto.

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Binance Planned to Disarm US Authorities Through Binance.US Arm, Report Claims

Binance embarked on a plan to disarm U. S. authorities out of fear of prosecution, claims a new report by The Wall Street Journal.   The post Binance Planned to Disarm US Authorities Through Binance.

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Authorities Uncover Crypto Mine Hidden Under A School

The police have moved to arrest a former Massachusetts state facility worker for allegedly stealing nearly $18,000 worth of electricity to run an illegal crypto-mining operation. According to reports, the accused, Nadeem Nahas, set up a secret crypto-mining facility inside Cohasset High School’s crawl space.

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FTX creditors list, BlockFi $1.2B exposure and new Celsius token: Hodler’s Digest, Jan. 22-28

FTX will be the subject of a U.S. Senate hearing, authorities take HashFlare founders into custody and New York finalizes its PoW ban.

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New York’s Financial Regulator Takes Aim At Firms Commingling Funds After New FTX Regulations

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German authorities warn about Godfather banking and crypto virus

Germany's financial authorities have issued an alert due to the fast spread of a new economic virus that affects banking and cryptocurrency apps.

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Crypto Conglomerate DCG Under Investigation By U.S. Authorities

Digital Currency Group, better known as DCG, is currently under investigation by U.S. authorities.  According to a report by Bloomberg, U.S. prosecutors in New York – specifically, the city of  Brooklyn  – are assessing the internal transfers between the multibillion-dollar crypto conglomerate and its crypto lending arm, Genesis Global Capital. The crypto lending company has […]

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Barry Silbert’s DCG is reportedly being investigated by US SEC and New York authorities

Following the decision of the Digital Currency Group (DCG) to shut down its wealth management unit, United States authorities are now reportedly investigating the company's internal financial transfers. 

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Mutant Ape Planet NFT developer arrested for fraud: All you need to know

Aurelien Michel, the creator of Mutant Ape Planet, has been arrested in New York. Michel is being charged with defrauding investors to the tune of $2.9 million. U.S. authorities have arresteThe post Mutant Ape Planet NFT developer arrested for fraud: All you need to know appeared first on AMBCrypto.

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