Tag: crypto regulation
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Nigeria’s crypto sandbox setback: Quidax halts P2P services
Nigeria’s crypto sandbox hits a snag Nigeria’s ambitious push to regulate and mature its cryptocurrency market through a formal sandbox program has encountered a setback. Quidax, a company that recently earned a provisional license to participate in the testing ground for crypto activities, has halted its peer-to-peer (P2P) services. The move comes as regulatory and…
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Nigeria’s Crypto Sandbox Setback: Quidax Halts P2P Services
Overview: A Setback for Nigeria’s Crypto Sandbox Nigeria’s push to regulate its burgeoning cryptocurrency sector hit a stumble when a participant in the country’s crypto sandbox paused its peer-to-peer (P2P) trading services. The company had recently been granted a provisional license, raising questions about the sandbox’s effectiveness and the pace of regulatory clarity for players…
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Exposing Hidden AML Policy Gaps in the Age of Stablecoins and Crypto Regulation
Overview: Why AML Policy Gaps Matter Now As digital assets migrate from niche markets to mainstream finance, the imbalance between rapid innovation and robust compliance grows more acute. Hidden AML (anti-money laundering) policy gaps can create blind spots that destabilize governance, expose firms to fines, and erode trust among customers and regulators alike. The GENIUS…
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Crypto Crash: Bitcoin Dips Below $82k as Tech Slump Spreads to Crypto Markets
Overview: A Risk-Off Moment for Crypto and Tech The crypto market entered a tense new phase as Bitcoin and Ether slipped to multi-month lows, signaling a shift in investor mood from appetite for risk to caution. The decline came on the back of a broad tech sell-off and growing concerns that stretched valuations in technology…
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Cryptocurrency Tied to Farage Donor Used to Fund Russia’s War Effort, Investigators Say
Overview: A High-Stakes Cash Trail British investigators have spent years untangling a multibillion-dollar cryptocurrency scheme linked to one of Nigel Farage’s most prominent donors. The National Crime Agency (NCA) contends that this digital asset, created to capitalize on the volatility of crypto markets, was co-opted to funnel funds toward Russia’s war machine in Ukraine. The…
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Illicit Crypto-to-Cash Deals: How Canada’s Loopholes Are Fueling Money Laundering
Canada’s Crypto Landscape: A Growing Risk for Money Laundering Criminals are increasingly turning to crypto-to-cash transactions as a means to move illicit gains through the financial system. In Canada, gaps in registration, registration enforcement, and Know Your Customer (KYC) procedures create opportunities for individuals and organizations to buy or sell digital currencies without proper scrutiny.…
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Illicit crypto-to-cash deals are unlocking new ways to launder money in Canada
Overview: A new avenue for money laundering in Canada Across Canada, concerns are mounting that illicit crypto-to-cash deals are offering new pathways for money laundering. Investigations and undercover reporting have highlighted how some crypto exchange operators and informal platforms appear willing to facilitate large purchases of digital currencies without proper registration, identity checks, or robust…
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Five Takeaways from the Senate Crypto Market Structure Bill Draft Release
Introduction: A Milestone in Crypto Regulation The release of a draft for the Senate Agriculture Committee’s digital assets market structure bill marks a pivotal moment for the crypto industry. As policymakers outline a framework to balance investor protection with innovation, the draft provides a blueprint for how digital assets might be regulated in the near…
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Five Takeaways from the Crypto Market Structure Bill Draft Release
Introduction: A milestone in crypto regulation The Senate Agriculture Committee released a draft of its portion of a long-awaited digital assets market structure bill, signaling a concerted effort to clarify how cryptocurrencies fit within the U.S. financial system. As lawmakers, industry participants, and investors parse the document, five takeaways stand out as likely to shape…
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Goddess of Wealth Conwoman Jailed Over £5bn Bitcoin Hoard After Years on the Run
Overview: A High-Profile Case Comes to a Close The UK’s most significant money-laundering investigation has culminated in a lengthy prison sentence for Zhimin Qian, a 47-year-old woman who earned notoriety as the so-called “Goddess of Wealth.” After years on the run, she was finally captured and brought to justice for her role in amassing and…