The U.S. Department of Justice filed charges of operating an unlicensed money transmitting business and money laundering against Hugo Sergio Mejia.
Known as the Blockchain Act, it sets a firm legal basis for digital asset exchange and tokenization while tackling the threat of digital currency money laundering.
The digital asset exchange has said users will now be banned from withdrawals unless they are able to verify their ownership of external wallets.
Christine Lagarde said the digital currency was increasingly being used by criminals worldwide to cover their tracks online, and for laundering money beneath the detection of the authorities.
Bulgarian national Rossen Iossifov was charged with conspiracy to commit money laundering and offenses under the Racketeer Influenced and Corrupt Organizations Act.
Whenever the curtain is pulled back on the operations of Tether, the representations made by its executives change dramatically.
Finance minister Veiko Tali was quoted saying the figures were evidence digital currency firms required “heightened attention” from regulators to ensure compliance.
Alexander Vinnik has been sentenced to five years in jail by a judge in France. The United States and Russia still want Vinnik extradited.
Firhoz and Ferhan Patel will serve 36 and 18 months behind bars respectively, a federal judge in the District of Columbia has determined.
Spanish police claimed the suspect has been using cryptocurrencies to launder money for drug traffickers across Europe.
The Canadian Revenue Agency has asked Toronto-based coin exchange Coinsquare for the identity of every one of its clients.