As criminals become more innovative, the chances of rogue individuals taking advantage of "cryptos" in funding their ideologies increase, forcing the Treasury to call for tools to combat the issue.
Kenya joins neighbors Tanzania and Sudan and regional heavyweights South Africa and Nigeria on the grey list, with digital assets among the FATF’s concerns.
Changpeng Zhao will find out his prison term on April 30 following the decision of the judge to delay his sentencing in connection with Binance's involvement in terror activities.
The EBA's amended AML guidelines, the second landmark law passed after MiCA, will apply from December 30, 2024, with an aim to help digital asset firms identify risks and adjust their mitigation.
The amended rules will apply to VASPs, banks, and designated non-financial businesses and professions while seeking to clarify the definition of digital assets and their use as a payment alternative.
Sen. Elizabeth Warren continues to wage war against 'crypto' bad actors, sending letters to controversial entities in the space tied to alleged financing terrorism, a move decried by these exchanges.
Responding to Adeyemo, Rep. Tom Emmer accuses the U.S. Treasury of having a savior complex while reiterating his opposition against a CBDC, claiming it would only serve as a "surveillance tool."
On November 29, CoinGeek was contacted by Tron representatives regarding an article detailing the latest Reuters report on terror groups having shifted their blockchain-based financing activities from BTC to Tron.
As the U.S. untangles digital asset scandals and brings 'crypto' crooks to justice, the Treasury Department is looking to enhance its power to further crack down on illicit activity in the space.
Binance attempts to stay afloat with the appointment of its new CEO after CZ stepped down following a guilty plea on charges tied to sanctions violations and breaching the Bank Secrecy Act.
As charges are being mulled, U.S. politicians argue that while 'crypto' remains a small part of the overall financing, terrorists now know how they can leverage this to spread their ideology.
Binance downplays reports of customer accounts linked to terror groups, but figures unveiled in a new report say otherwise, with Israel probing around 200 more suspected accounts.
