Binance joins Global Travel Rule Alliance to comply with FATF

Crypto exchange Binance has joined the Global Travel Rule alliance to combat financial crimes like money laundering and terrorist financing. In a blog announcement on Mar. 26, Binance disclosed its membership in the Global Travel Rule (GTR) Alliance, aimed at…

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Binance CEO Given 7 Days To Address Allegations Of Terrorist Financing In Nigeria

Nigeria has joined the global crackdown on alleged money laundering and terrorist financing within the crypto industry, with the House of Representatives Committee on Financial Crimes summoning Binance chief executive Richard Teng.

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Venture capital firm denies leading $4M raise for Su Zhu’s OX.FUN

On February 23, new gamified perps exchange OX. FUN announced it had secured a $4 million financing round. OX. FUN is reportedly a new crypto venture of Su Zhu, the co-founder of collapsed hedge fund Three Arrows Capital (3AC).

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US Treasury reports minimal crypto use in financing Hamas activities

A United States Treasury official has clarified that cryptocurrencies play a minimal role in financing the operations of militant groups such as Hamas and Palestinian Islamic Jihad, counteracting earlier reports of tens of millions of dollars in terrorism funding. Brian…

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Bitcoin Bounce Back Leads Market Surge as InQubeta & Borroe Pump

The SEC’s impending approval of spot Bitcoin ETFs marks another significant milestone in the cryptocurrency industry as Bitcoin soars to $47,000. Amid this buzz, InQubeta is waxing strong, as it presents an AI crypto crowdfunding platform and Borroe Finance is creating a Web3 financing solution.

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US Senators Push for Tougher Action on Crypto in Terrorism Financing

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.

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Tron Takes Over Bitcoin as Favorite Network for Illicit Activity

Gain insights into the evolving global crypto landscape as Tron takes precedence over Bitcoin as the preferred choice for illicit financing.

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Israel Intensifies Scrutiny Of TRON Transactions Amid Ongoing Militant Financing Battle

A report from news outlet Reuters indicates increasing oversight by Israeli authorities on transactions on TRON. The report comes amid backlash from the crypto community due to mainstream media outlets trying to link crypto to illegal activity.

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European Banking Authority proposes overhaul of AML, CFT rules for crypto providers

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. 

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Singapore Implements New Rules: Crypto Trading Restrictions Now In Effect

According to a Bloomberg report, Singapore has proposed additional regulations to reinforce its stance against retail speculation in crypto assets. The new measures include prohibiting individual investors from borrowing to trade and disallowing digital payment token service providers from offering incentives for retail trading, as well as financing, margin, or leverage transactions.  The Monetary Authority […]

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Crypto Is Here to Stay, Focus on Regulations, Former Regulator Urges US Lawmakers

Dr Shlomit Wagman, the former Director-General of the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA), has told US lawmakers that cryptocurrencies are here to stay, and the primary emphasis should be on establishing effective regulations instead of attempting to suppress their existence.

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US House FSC to discuss illicit activity in crypto at upcoming hearing

Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the upcoming House Financial Services Committee hearing.

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Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown

The Campaign for Accountability wanted to let the anti-crypto senators know that the threat of terrorist financing with crypto was worse than they thought.

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Turkey tightening crypto regulation to improve standing with FATF

Turkey is set to introduce new legislation pertaining to crypto-assets in a bid to strengthen its stance against money laundering and terrorist financing, Reuters reported, citing the country’s Finance Minister Mehmet Simsek.

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Turkey eyes new law on crypto assets: report

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.

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‘Shitcoins’ Like ETH, XRP, ADA Used In Terrorist Financing: Max Keiser’s Outrageous Remark Sparks Fury

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US Urges Crypto Asset Firms To Intensify Efforts Against Illicit Financing

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.

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Crypto Terror Funding: Elliptic Uncovers The Real Extent

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 […]

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Chainalysis Finds Terrorist Crypto Funding Numbers Are Inflated

Chainalysis argues recent estimates of crypto terrorism financing are inflated, as not all exchange transactions aid militants.

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Chainalysis report debunks crypto’s role in terrorism financing

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…

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Chainalysis says crypto usage for terror financing is ‘tiny fraction’ of overall volume

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.

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US Treasury sanctions Gaza-based crypto exchange

The U.S. Department of the Treasury’s Office of Foreign Assets Control issued sanctions on Buy Cash, a digital asset exchange located in Gaza used by Hamas for terror financing.

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Tether Blacklists Addresses Funding War in Israel & Ukraine

Tether froze over $870K linked to terrorism financing in Israel and Ukraine, partnering with authorities to mitigate crypto's use for crime.

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Tether freezes $873k in assets linked to financing terrorism

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.

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Is Hamas Using Crypto to Attack Israel? We Don’t Know

Reports this week about multi-million dollar Hamas crypto financing may have left a faulty impression.

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How Hamas Leverages Crypto to Fuel Its Operations

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.

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$ROE Evolves To Be An Unstoppable Force In Presale, Investors Selling ADA

With BorroeFinance ($ROE) being a force to be reckoned with in the crypto space thanks to its skyrocketing adoption rate in presale, the network is set to be a Web3 disruptor based on its out-of-the-box approach in revenue financing.

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Cyprus to tighten crypto regulations in accordance with FATF

The Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering and Terrorist Financing Law.

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Blackbird announces $24m Series A financing round

Blackbird, a loyalty and membership platform built for restaurants, announced the close of a Series A financing round led by Andreessen Horowitz’s crypto arm, a16z, according to a thread posted on X.

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Japan eases regulations on startup financing to allow for crypto

Japan eyes support for crypto startups in new regulation on startup financing. According to reports, the new rules means startups can raise funds from investors by offering stocks and crypto. Japan is looking to relax restrictions on how startups raise funds with a view to revamping the sector amid growth in venture capital funding.

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Japanese Startups Can Now Raise Funds With Crypto

The Japanese government will allow companies to raise equity financing by issuing crypto tokens instead of stocks. The post Japanese Startups Can Now Raise Funds With Crypto appeared first on BeInCrypto.

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South Korea Moves to Freeze North Korea’s Crypto Assets

South Korea is doubling down on its efforts to curb North Korea's cyber-funded arms programs. A newly revised bill sets its sights on tracking and freezing North Korean crypto assets, marking a significant advance in the fight against illicit digital financing.

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Binance unveils ColLabs, an invite-only Web3 investment community

Binance Labs, the venture capital and incubator arm crypto exchange Binance, announced ColLabs today. The invite-only channel will bring together a Web3 investment and financing community for founders and investors.

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Peru Tightens Crypto Laws, Mandates Exchanges To Comply With AML Regulations

In a move to address growing concerns over money laundering and terrorist financing associated with cryptocurrencies, the Presidency of Peru has issued a new decree. The decree mandates that all cryptocurrency exchanges operating within the country must comply with anti-money laundering (AML) regulations.

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New US Senate Military Bill Comes With A Crypto Provision, But Is It Good

The US Senate recently passed a $886 billion Military Spending Bill which includes some provisions around the cryptocurrency industry. The 2024 National Defense Authorization Act (NDAA), which approved the defense amount to be spent in 2024, included provisions that seek to address crypto as a particularly vulnerable sector for illegal activities and financing terrorists. New […]

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Top Crypto Expert Foresees Borroe (ROE)’s Potential to Outpace Dogecoin (DOGE) and Filecoin (FIL) in Growth

In the fast-changing world of digital assets, new names keep popping up every day, but the interest in Borroe (ROE) is growing at an unprecedented pace. More specifically, the pioneering platform that challenges the traditional finance and invoice financing markets is stirring discussions in the crypto community.

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TRM Labs Uncovers Terrorist Financing: ISIS Sympathizers Raise Millions With Crypto

A new report from TRM Labs has revealed how terrorist organization, ISIS, and its allies have been using crypto for fundraising activities, The post TRM Labs Uncovers Terrorist Financing: ISIS Sympathizers Raise Millions With Crypto appeared first on BeInCrypto.

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Kuwait Regulator Imposes Blanket Ban On Crypto And Virtual Assets

Kuwait’s government has hardened its stance against cryptocurrencies, prohibiting the use of digital assets for payments or investments in a bid to clamp down on money laundering and terrorist financing.

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Kuwait bans all crypto activities including mining

After the July 19 circular, it is illegal to engage in any cryptocurrency activities in Kuwait. Kuwait has joined Thailand, Indonesia, and Turkey to ban crypto activities. Violators are to face penalties as stipulated in Kuwait’s AML and terrorist financing laws.

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Bitcoin no longer crypto of choice for illicit crypto activity: TRM Labs

While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go.

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Crypto travel rule fails to meet FATF standards, says report

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.

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Venture capital financing in crypto, explained

Venture capital firms invest in early-stage startups to fuel innovation, growth and technological advancements within the crypto ecosystem.

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Global FATF Crypto Standards Fall Short With Countries on Grey List

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.

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Crypto Whales Sway From VeChain & Monero; Caged Beasts A Likely Candidate?

Crypto whales have had a massive impact on the crypto space since the dawn of digital financing. These entities possess substantial holdings, giving them the ability to influence the market with their trading activities.

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US Senator Seeks to End Crypto's Role in Illicit Financing

US Senator Elizabeth Warren rallying for stronger oversight of crypto industry, citing its increasingly prevalent role in illicit activities such as money laundering, terrorist financing and sanctions evasion

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Qatar Isn’t Doing Enough to Tackle Crypto Money Laundering, Says Watchdog

The Financial Action Task Force (FTAF) has reprimanded Qatar for its insufficient efforts in addressing money laundering and terrorist financing. The report highlights the lack of convictions and major inconsistencies in Qatar's response.

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EBA emphasizes the need for crypto oversight

The European banking authority is pushing for an expansion of its guidelines on money laundering and terrorist financing risk factors to encompass "crypto-asset service providers."

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Crypto Gets Oily: Olive Oil Company Issued Euro Stablecoin Bond on Obligate

French agricultural firm Lamar Olive Oil has successfully issued an on-chain bond on the Switzerland-based DeFi platform Obligate, marking a notable development in business financing models using crypto: At @obligatecom...

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European Banking Authority Intensifies Battle Against Crypto Money Laundering

The EBA's proposed guidelines revisions aim to mitigate money laundering and terrorist financing risks by including crypto-asset service providers. The public consultation is open until August 31, 2023.

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