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How Did A Trio Pull Off A $10M Bank Fraud Using Crypto?
Friday, November 17, 2023 - 11:54am | 332In a major crackdown, the FBI arrested three persons for allegedly orchestrating a complex $10 million bank fraud scheme. U.S. Attorney Damian Williams and FBI Assistant Director James Smith announced the arrests of the three persons identified as Zhong Shi Gao, Naifeng Xu and Fei Jiang...
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Taiwan Regulators Unveil 'Guiding Principles' To Regulate Digital Assets, Crypto
Tuesday, September 26, 2023 - 9:26am | 579In a bid to streamline the burgeoning digital currency landscape, Taiwan's Financial Supervisory Commission (FSC) has rolled out a comprehensive set of guidelines. The rules are tailored for virtual asset platforms and transaction business enterprises, or VASPs. The forthcoming Benzinga...
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Binance Set To Supercharge Transactions With Bitcoin Lightning Network Integration
Tuesday, June 20, 2023 - 11:33am | 488Leading cryptocurrency exchange Binance (CRYPTO: BNB) has announced that it is in the process of integrating the Bitcoin (CRYPTO: BTC) Lightning Network to facilitate deposits and withdrawals. The announcement was made via a tweet from Binance, which confirmed that some users have already noticed...
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UK Government's New Tax Proposal Could Shake The Foundations Of DeFi And CeFi
Thursday, April 27, 2023 - 3:33pm | 227The U.K. Government's HM Revenue and Customs (HMRC) is inviting public opinion on a proposed amendment to the tax treatment of decentralized finance (DeFi) lending and staking. Following a call for evidence in 2022, the regulatory body is seeking views from the public on how DeFi transactions...
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South Korea Takes Steps To Track Crypto Transactions, Combat Money Laundering
Monday, January 30, 2023 - 3:06pm | 286The South Korean Ministry of Justice has outlined a plan to fight money laundering via cryptocurrency in a task report released Thursday. What Happened: The ministry intends to start tracking crypto transactions using third-party software initially to examine transaction history, gather...