Tag: crypto regulation
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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…
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Indian crypto investors rush to buy the dip as $19B wipeout spurs recovery bids
Indian crypto investors rush to buy the dip amid a major market crash Indian cryptocurrency traders are flocking back to their exchanges, snapping up assets during a sharp market dip after a global liquidation event wiped out over $19 billion in crypto bets. The catalyst appeared to be a confluence of international market pressures and…