With the new law, criminal penalties may be applied to exchange operators who fail to provide customer information such as names and addresses when performing transfers with other exchanges.
Ninety-three people allegedly tied to money laundering in China face jail time as authorities widened the crackdown on illegal gambling and heightened their monitoring of the digital asset sector.
Scams are rising in the 'crypto' space, as authorities urge users to be wary of blockchain's anonymity feature, which suspects use as a tool to siphon funds without exposing their identities.
The Bonnie and Clyde of the 'crypto' space arrested over a 2016 heist are creating another buzz after one of them requested access to digital assets, a move feared signals their re-entry into trading.
A Florida man faces a five-year jail term for scamming investors over $100 million through a sham platform he operated with two others, promising victims bountiful returns that are hard to ignore.
Alexander Vinnik called on Russian authorities to negotiate with Washington for his extradition back to Russia in exchange for U.S. citizens detained in Moscow, according to reports.
Denis Mihaqlovic Dubnikov and his co-conspirators, who are yet to be identified, are accused of laundering as much as $70 million extracted using the Ryuk malware variant.
Revolut received the license from the Cyprus securities watchdog and can now serve 30 countries in Europe amid a hiring spree in digital assets division.
The Enforcement Directorate accuses WazirX of using an opaque management setup and poor KYC programs to allow exploitative loan apps to launder millions between India and China.
U.S. Department of the Treasury's Office of Foreign Assets Control said that cybercriminals regularly used Tornado Cash to launder money amounting to more than US$7 billion since 2019.
Alexander Vinnik operated BTC-e exchange from 2011 to 2017, transacting over $4 billion worth of BTC, which U.S. prosecutors allege was from doing business with ransomware gangs, drug dealers, and thieves.
The bank says that the two firms never acquired the licenses to serve Kenyans, even as Flutterwave gets caught in a $52 million money laundering scandal.
