money laundering

Several venture capital firms — including Menlo Park, California-based Sequoia Capital, Singapore's Temasek Holdings, Japan's SoftBank Group of Japan, and Hong Kong's Sino Global Capital — face a class action lawsuit due to their alleged involvement in the downfall of FTX....

The United Nations Financial Action Task Force (FATF) has once again called on countries to implement the “travel rule” in order to combat money laundering and terrorism financing associated with cryptocurrencies. What Happened: In a recent post, the global body expressed...

In a bid to promote financial freedom and innovation, U.S. presidential candidates from different parties are throwing their weight behind Bitcoin (CRYPTO: BTC) and related technologies. Democrat candidate Robert F. Kennedy Jr., in an interview with The New York Post, pledged his commitment to...

As global regulatory uncertainty continues to cloud the crypto industry, the International Monetary Fund (IMF) has suggested that completely banning digital assets may not be a sustainable or efficient strategy to address the risks they present. "While a few countries have completely banned...

The U.S. Department of Justice (DOJ) is planning to proceed with the trial of Sam Bankman-Fried, the founder and former CEO of FTX (CRYPTO: FTT), on the charges brought against him in December 2022. The DOJ will focus on a subset of charges, including wire fraud, securities fraud, and money...

The legal proceedings against Sam Bankman-Fried, the founder of FTX (CRYPTO: FTT) crypto exchange, in the U.S. hit a roadblock as the Bahamas Supreme Court ruled in favor of allowing him to legally review the terms of his extradition from the Caribbean nation. This development came to light on...

The trial against Sam Bankman-Fried, the co-founder of FTX (CRYPTO: FTT), might face considerable delays if additional charges are brought against him, according to statements from his legal representatives. The additional charges could postpone the proceedings initially scheduled for October ...

Despite substantial progress in the combat against money laundering and terrorism financing, Qatar is being urged to improve its criminal justice response, especially in relation to terrorist financing, said the Financial Action Task Force (FATF). The Gulf state, known for its wealth and...

Cryptocurrency exchange Binance (CRYPTO: BNB) will suspend the trading of privacy-focused cryptocurrencies. The firm's decision is in response to the demands of financial institutions and regulatory bodies in France, Poland, and Italy. Among the affected tokens: Decred (CRYPTO: DCR), Dash...

Japan is adopting enhanced measures to combat money laundering, notably, the "travel rule" advocated by the Financial Action Task Force (FATF). The regulation mandates Virtual Asset Service Providers, or VASPs, to share identifying details about the sender and recipient for all crypto...

Amid a significant increase in crypto-related crime over the past four years, Eun Young Choi, the newly appointed head of the Department of Justice's (DOJ) cryptocurrency enforcement division, has pledged to fortify the crackdown on illicit activities in the digital asset sector. This...

Late Monday, Sam Bankman-Fried, the co-founder of cryptocurrency exchange FTX (CRYPTO: FTT), filed pretrial motions to dismiss the majority of charges he is facing.  Set to go on trial this fall, Bankman-Fried faces more than a dozen charges, including wire, securities and...

The Financial Conduct Authority (FCA), the U.K.'s financial watchdog, is intensifying its efforts to combat unregistered cryptocurrency ATMs. What Happened: In a statement released on Friday, the FCA reported that it had conducted inspections in Exeter, Nottingham and Sheffield in...

Alexey Pertsev, a Tornado Cash developer, has been granted temporary release by a court in the Netherlands. He was arrested in Amsterdam on Aug. 10, 2022, over allegations of facilitating money laundering. Pertsev, who has been denied release in the past due to the risk of him fleeing or tampering...

The European Union lawmakers on Thursday voted overwhelmingly in favor of two new laws related to the regulation of cryptocurrencies. The first law, known as MiCA, establishes a comprehensive crypto licensing regime that requires wallet providers and exchanges to obtain a license to operate...