2023-12-11 02:32 |
Discover the Terrorism Financing Prevention Act introduced by U.S. Senators, targeting foreign support to terrorist organizations The post US Senators Push for Tougher Action on Crypto in Terrorism Financing appeared first on BeInCrypto. origin »
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In a consultation paper released on Nov. 24, the European Banking Authority (EBA), an EU agency tasked with implementing a standard set of rules to regulate banking across all EU countries, highlights that existing regulations governing Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) standards compliance for crypto providers are inadequate.
2023-11-24 19:10 | |
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Turkey is preparing a new law on crypto regulation, according to Finance Minister Mehmet Simsek. The legislation looks to toughen approach to money laundering and terrorism financing to bring Turkey into compliance with Financial Action Task Force (FATF) requirements.
2023-11-1 19:14 | |
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Amid the ongoing global crackdown on financial crimes and terrorism funding, the US government recently highlighted concerns regarding the alleged inadequate efforts of some companies operating in the crypto asset space.
2023-10-27 21:00 | |
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U.S. lawmakers Senator Cynthia Lummis (R-Wy.) and Rep. French Hill (R-Ark.) have urged the Department of Justice to "expeditiously conclude" investigations and reach a decision on charging Binance and Tether for aiding terrorism financing for Hamas.
2023-10-26 20:38 | |
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Crypto terrorism funding is at the focus of analysts today as concerns have been raised about the use of digital assets in funding militant organizations, with a particular focus on Hamas. However, blockchain forensics firm Elliptic is challenging the notion that crypto has played a significant role in terrorist financing, emphasizing the misrepresentation of recent […]
2023-10-26 10:38 | |
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Chainalysis argues recent estimates of crypto terrorism financing are inflated, as not all exchange transactions aid militants.
2023-10-20 22:18 | |
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Terrorism financing is chiefly reliant on fiat currency, not cryptocurrencies, as revealed by the latest Chainalysis report. On Oct. 18, Chainalysis, a blockchain analytics firm, published a report that sheds light on the cryptocurrency’s minimal role in funding terrorism. The…
2023-10-19 15:46 | |
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A recent report by Chainalysis has cast doubt on sensationalized claims regarding the use of cryptocurrency by terrorist organizations for financing. In the wake of a recent terrorist attack by Hamas in Israel, the report aims to correct misconceptions surrounding the role of digital currencies in funding terrorism.
2023-10-19 07:00 | |
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Tether froze over $870K linked to terrorism financing in Israel and Ukraine, partnering with authorities to mitigate crypto's use for crime.
2023-10-17 21:47 | |
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Stablecoin firm Tether (USDT) seized digital assets worth $873,118. 34 from 32 addresses linked to warfare and terrorism in Ukraine and Israel. Critics of the crypto industry have frequently raised concerns about its potential use for funding terrorist and malicious operations.
2023-10-16 17:50 | |
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Hamas utilizes the decentralized nature of cryptocurrencies to gather funds, bypassing traditional financial scrutiny. This evolving tactic has spurred global law enforcement and legislators to action, seeking to halt digital avenues for terrorism financing while navigating the complex regulatory landscape of blockchain technology.
2023-10-13 20:15 | |
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Coinbase Singapore users must provide additional counterparty information when initiating cryptocurrency deposits or withdrawals from their accounts starting Sept. 5. The exchange said it introduced these measures in compliance with the Monetary Authority of Singapore (MAS) regulations on anti-money laundering and countering the financing of terrorism.
2023-9-6 18:00 | |
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Senators Jack Reed (D-RI) and Mark Warner (D-VA) have introduced a new bill that aims to combat illicit financial activity like money laundering and terrorism financing in decentralized finance (DeFi), Bloomberg News reported on July 19.
2023-7-20 22:43 | |
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Israel seized over $1.7 million in cryptocurrency linked to funding the Hezbollah militant group, marking a significant step in countering terrorism financing. The post Israel Seizes Cryptocurrency Linked to Hezbollah appeared first on BeInCrypto.
2023-6-29 18:00 | |
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The Financial Action Task Force (FATF) has issued a renewed call urging countries to adopt and implement the "Travel Rule" as a vital measure to combat money laundering and terrorism financing facilitated through cryptocurrencies.
2023-6-27 19:38 | |
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Regarding the framework for money laundering and terrorism financing, the FATF made comments about Luxembourg as an international financial center. The Plenary concluded that Luxembourg had successfully met the technical conditions set forth by the FATF.
2023-6-26 12:30 | |
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The United States Senate has taken a significant step towards combating the financing of terrorism through cryptocurrencies by submitting a new bill to Congress. The bill, named the “Combating the Financing of Terrorism Act,” seeks to address the growing concern of terrorist organizations using digital currencies to fund their operations.
2023-5-3 13:00 | |
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Kraken secured a virtual asset service provider (VASP) license from the Central Bank of Ireland on April 18. The license allows the crypto exchange to operate in the country legally. Kraken said the approval shows that it adheres to strict anti-money laundering and terrorism financing rules and added that the license is proof of its […] The post Kraken gets regulatory approval to operate in Ireland appeared first on CryptoSlate.
2023-4-19 21:24 | |
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On April 6, 2023, the U. S. Department of the Treasury published its illicit finance risk assessment on Decentralized Finance (DeFI) services. Non-compliance to Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) was identified as the primary DeFi vulnerability exploited by illicit actors.
2023-4-8 20:31 | |
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Tether calls Wall Street Journal’s claims “stale allegations from long ago. ” The USDT issuer noted in a recent blog post that it adheres to all regulatory and legal requirements around KYC, AML and Counter Terrorism Financing.
2023-3-7 20:54 | |
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Nexo offices in Bulgaria were raided by authorities early this morning. There are claims one of the users was financing terrorism. Nexo has confirmed the incident and said it is cooperating with authorities.
2023-1-12 16:08 | |
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Popular meme cryptocurrency Dogecoin (DOGE) has increasingly become connected to several illicit activities such as terrorism financing, Ponzi schemes, and child sex abuse, according to a new report by Elliptic.
2022-6-24 23:00 | |
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Amid the geopolitical tensions, institutions within the European Union have been expediting processes to regulate cryptocurrencies. This is “in consideration of the increasing number of the crypto asset and service providers across Europe, global financial challenges, increased money laundering activities, and possible financing of terrorism associated with virtual currencies”, according to the Lithuanian government. Against this […]
2022-6-12 22:27 | |
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Lithuania is taking cryptocurrency regulation seriously. The institutions of the European Union are urged to expedite the process of regulating cryptocurrencies in consideration of the growing number of crypto-asset service providers in Europe, current global challenges, and the increased risk of money laundering and terrorism financing associated with virtual currencies. In an effort to combat money […]
2022-6-10 13:31 | |
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Coinbase, along with 17 other crypto firms, recently launched a ‘Travel Rule Universal Solution Technology’ (TRUST), a platform that will enable the group of well-established US companies to achieve compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) obligations–announced the largest crypto exchange in the US.
2022-2-18 08:30 | |
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Know Your Customer (KYC) procedures play a fundamental role in the combat against money laundering and the financing of terrorism (CFT). According to a 2018 report by KPMG, banks spend close to $25 billion every year on financial crime risk management.
2021-12-1 19:07 | |
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In February, the CBN banned banks from servicing crypto exchanges in the country, citing concerns including volatility, money laundering and the financing of terrorism.
2021-11-8 19:15 | |
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The panel’s mandate will include exploring KYC processes, digital banking, blockchain for attracting investments, terrorism financing, and anti-money laundering. The government of Sri Lanka approved the formation of a panel to study the regulations and rules applicable to blockchain, digital banking, and crypto mining in other countries.
2021-10-8 12:24 | |
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The National Committee for Combating Money-Laundering and Financing of Terrorism and Illegal Organisations of United Arab Emirates (UAE) endorsed a regulatory framework for crypto assets, said the central bank.
2021-9-9 17:46 | |
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The Cardano Foundation has partnered with blockchain analytics provider Coinfirm to deploy Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) analytics. According to a statement relThe post Cardano Foundation announces Coinfirm partnership to 'enhance security of crypto' appeared first on AMBCrypto.
2021-8-25 13:19 | |
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Bitcoin and the rest of the market's cryptocurrencies have often been targeted for their alleged use in the world of terrorism financing. India's Minister of External Affairs is the latest to join theThe post India's External Affairs Minister claims ISIS is using Bitcoin to 'reward killings' appeared first on AMBCrypto.
2021-8-21 19:30 | |
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The European Commission has proposed legislation to “ensure full traceability of crypto-asset transfers, such as bitcoin,” in order to prevent and detect “their possible use for money laundering or terrorism financing.
2021-7-22 14:31 | |
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The Financial Action Task Force (FATF) released a report called “Ethnically or Racially Motivated Terrorism Financing” that talks about the use of cryptocurrencies by terrorists to move funds. The global anti-money laundering watchdog said few countries had designated extreme right-wing groups (ERW) or individuals as terrorists who appear to be becoming more adept at disguising […] The post Extreme Right-Wing Groups Using Virtual Assets and Stablecoins to Move Funds: FATF Report first appeared on BitcoinExchangeGuide.
2021-7-2 19:45 | |
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While El Salvador is all set to officially make Bitcoin a legal tender on Sept. 7 and preparing to airdrop $30 in BTC to its every adult citizen, rating agency Fitch says this step means banks face higher risks, including violating rules against money laundering and terrorism financing.
2021-6-28 04:08 | |
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The Turkish government has updated the country’s cryptocurrency regulation following the banning of cryptocurrencies for payments and failing crypto exchanges. Published in the Official Gazette on Saturday, the new rule adds crypto trading platforms to the list of entities covered by anti-money laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. The Official Gazette […]
2021-5-3 10:30 | |
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Evidence suggests crypto’s role in terrorism remains relatively minor: “It has not yet become a primary means of terror financing.”
2021-4-11 19:37 | |
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The U.S. Anti-Money Laundering and Combating the Financing of Terrorism laws: Where will these updates lead the crypto space?
2021-1-25 18:41 | |
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Treasury secretary nominee Janet Yellen took aim at crypto for its role in financing terrorism and facilitating money laundering during her confirmation hearing
2021-1-20 21:26 | |
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In a bid to combat the use of digital currencies as means of financing terrorism, a group of representatives from the Republican and Democratic Parties has introduced a bipartisan bill to the House on Jan 13, which seeks to create a task force focused on preventing the usage of cryptocurrencies in sponsoring terrorism. Bill AgainstRead More
2021-1-16 20:00 | |
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Hedera Hashgraph, the enterprise-grade distributed ledger, and TRM, the cryptocurrency compliance and risk management platform, today announced that TRM has successfully integrated with the Hedera public ledger, and customers can leverage the integration to comply with Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regulatory requirements HBAR, Hedera’s native cryptocurrency, is now supported across all TRM […] CryptoNinjas » AML/CFT compliance solutions now available for HBAR and any assets issued on Hedera
2020-12-24 20:31 | |
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The Irish government aims to implement stricter and more stringent laws to curb money laundering and terrorism financing in its financial system, including digital assets. In a report first published by Irish Examiner, the Cabinet is set to approve Justice Minister Helen McEntee’s bill, Money Laundering and Terrorist Financing Amendment Bill 2020, to place more […]
2020-8-11 16:38 | |
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In a document released to the public on July 7, 2020, the incoming German president of FATF, Dr. Marcus Pleyer, vows to “strengthen the FATF’s governance, enhance its strategic focus, and increase its public visibility.
2020-7-8 19:17 | |
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U. K Financial regulators continue to pressure crypto businesses about their obligations. British authorities have even threatened forced closures for defaulters. Across the globe, financial watchdogs have brought down the hammer on the crypto market with a particular focus on anti-money laundering (AML) and combating the financing of terrorism (CFT).
2020-6-24 17:07 | |
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Coinspeaker Dark Money Laundering Clouds Force Japan’s Banks to Eye JPMorgan Blockchain NetworkJPMorgan Chase & Co is looking to launch a blockchain-based Interbank Information Network (IIN) in January 2020 in Japan to fight money laundering and terrorism financing.
2019-12-11 16:04 | |
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Westpac, Australia’s second-largest bank, violated money laundering laws 23 million times and could be fined AUD21 million (US$15. 7 million) per breach. Westpac Banking Corp, the second-largest bank in Australia, currently faces multiple accusations.
2019-11-20 11:10 | |
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United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, has declared that Facebook’s proposed Libra global cryptocurrency project will not be launched unless Libra complies with tough anti-money laundering (AML) and anti-terrorist financing standards, reports Reuters on September 10, 2019.
2019-9-11 16:16 | |
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Although Facebook’s Libra initiative hit a hard stop just before the launch, discussions around restarting the project is one of the hottest topics within the U. S. jurisdiction. As of latest, a senior U.
2019-9-11 01:45 | |
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The highly anticipated Facebook’s crypto, Libra, must meet stringent US regulatory requirements before it can be launched, says an official from the US treasury. According to Treasury’s Under Secretary in charge of terrorism as well as financial intelligence, Sigal Mandelker, the Libra stablecoin must achieve the highest standards for fighting money laundering as well as […]
2019-9-10 21:02 | |
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Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering and terrorism financing norms, according to a United States Treasury official
2019-9-11 17:32 | |
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Bitcoin (BTC) is undergoing one of the most challenging periods of the year, with prices retracting nearly 30% from its all-time high of $126,000 reached last month. This decline has raised concerns about a potential bear market, fueling fears within the cryptocurrency community and among BTC investors.
Earlier on Friday, Bitcoin (BTC), the leading cryptocurrency in the market, retraced further toward the $94,500 mark, intensifying concerns about a potential bear market for the broader digital asset industry.
The question dominating crypto desks this week is whether the cycle is intact, and when the bull run will return. Two widely followed macro commentators sketched the same causal chain from public-sector cash management to crypto asset beta, arguing that the current drawdown is a liquidity story first and a sentiment story second—and that its reversal hinges on the mechanics of the US Treasury General Account (TGA), Federal Reserve balance-sheet policy, and the timing of Washington’s reopening.
On November 2, 2025, crypto analyst Ignas | DeFi distilled crypto’s current standoff into a clean ledger of pros and cons. The Bearish Case For Crypto The first bear pillar is the “AI bubble” overhang.