The Swedish Police Authority, along with the Financial Intelligence Unit (FIU), has labelled cryptocurrency exchanges as "professional money launderers (PMLs)" following an investigation into services offered by unregulated and illegal operators. The FIU claimed these crypto exchanges are tied to criminal organisations, and they help facilitate the systematic laundering of ...
Australian regulators are reportedly drafting new legislation that will mandate cryptocurrency exchanges to obtain financial services licences, with updated regulatory guidance set to be released within the next two months. Alan Kirkland, a commissioner at the Australian Securities and Investments Commission (ASIC), announced the regulator's plans during the AFR Crypto ...
Brazilian authorities have reportedly launched a major crackdown on a multi-billion-dollar cryptocurrency-based money laundering operation spanning several cities, including São Paulo, Fortaleza, and Brasília. The operation, which has laundered billions of dollars, is at the centre of "Operation Niflheim," an effort led by the Federal Revenue Service and Federal Police. ...
Bitget announced on Thursday that it has partnered with Spain's La Liga, becoming the official cryptocurrency partner of the football league. Revealed during Token2049 in Singapore, the collaboration marks Bitget's expansion into the sports market across Eastern and Southeast Asia, as well as Latin America. The multi-million dollar deal brings ...
SIX Group, operator of the Swiss stock exchange, is reportedly exploring the creation of a new crypto trading platform in Europe to compete with major players like Binance, OKX, and Coinbase. According to the Financial Times, Bjørn Sibbern, global head of exchanges at SIX Group, confirmed the company's interest in ...
Singapore's DBS Bank has revealed plans to launch over-the-counter cryptocurrency options trading and structured notes for qualified institutional investors and accredited wealth clients beginning in Q4 2024. Currently, the bank enables clients to trade cryptocurrencies and security tokens through its platform, DBS Digital Exchange. With the new initiative, clients will ...
The Russian government has established a focus group under an experimental legal framework to explore the use of cryptocurrency for foreign trade payments, according to a report by local media outlet Vedomosti on September 17, 2024. The focus group includes representatives from the Russian Chamber of Commerce and Industry, the ...
The Hong Kong government is preparing to issue its first policy statement on the use of artificial intelligence (AI) in the financial sector. The region's Financial Services and Treasury Bureau (FSTB) is currently drafting a framework focused on the ethical application of AI within financial markets, according to a new ...
Indian authorities are investigating a crypto trading app called "Datameer," accused of defrauding over 700 individuals of INR 10 million (approximately $119,000), according to a local report. Sadar’s superintendent of Police and Cyber Wing head, Pankaj Kumar Rasgania, reportedly stated that the app launched in April 2024 and operated for ...
Bybit has obtained a provisional licence in Dubai two years after establishing its headquarters there. The crypto exchange, which is the second-largest by derivatives volume, noted in a recent press release that it has received a non-operational licence from the Virtual Asset Regulatory Authority (VARA). The provisional license allows Bybit ...
