Indian authorities have reportedly arrested four individuals accused of running a fraudulent cryptocurrency trading platform that conned victims out of more than $90,000. According to a local media report, the scammers deceived investors by posing as representatives of a fictitious crypto trading platform called GBE Crypto Trading Company. The name ...
Russia's central bank is considering proposing a legal amendment to create a new class of investors labelled "qualified investors," who would be allowed to trade cryptocurrencies. In an interview published today, Monday, August 26, 2024, in the Russian state newspaper Izvestia, Alexey Guznov, the state secretary and deputy governor of ...
Ireland's national police force, An Garda Síochána, has issued a stark warning about the rising tide of cryptocurrency-related investment fraud in the country. According to the Irish Independent, the country's National Police Force claimed that 44% of all recorded investment fraud cases in Ireland between January 2020 and August 2024 ...
Several prominent cryptocurrency organizations, including Joba Network, BaseGPT, and Matrix AI, have strongly supported the crypto community's efforts to ensure that their voices will be heard and felt in the upcoming 2024 US presidential election. Crypto’s voice is being heard loud and clear — Joba Network (@JobaNetwork) August 22, 2024 ...
Hong Kong's ambitions to become a crypto hub are facing challenges. Over a dozen exchanges grapple with regulatory concerns, making it difficult to secure full licenses. According to a Bloomberg report citing insiders, cryptocurrency exchanges in Hong Kong are having difficulties obtaining full licences despite the city's efforts to establish ...
Binance will dedicate at least 20% of its new hires to compliance efforts, CEO Richard Teng stated in a recent interview with Bloomberg. The crypto exchange is reportedly preparing to expand its workforce by 1,000 employees this year. According the CEO, they will grow their compliance team to 700 employees ...
State Street Corporation, a major U.S. banking institution, has formed a strategic partnership with Taurus SA, a leading provider of digital asset infrastructure, to enhance its digital asset capabilities. This partnership is expected to strengthen State Street Bank and Trust Company's Digital Asset Solutions platform by developing a comprehensive model ...
The U.S. government, already one of the largest Bitcoin holders globally with over 200,000 coins, may soon significantly increase its holdings. A new bill introduced by Senator Cynthia Lummis (R-Wyo.) proposes creating a strategic Bitcoin reserve to reinforce the dollar's status as the world's reserve currency. US Govt Bitcoin Holdings. ...
China’s highest court and public prosecution agency have, for the first time, acknowledged crypto transactions in their updated interpretation of the country’s anti-money laundering laws. At a joint press conference on August 19, representatives from the Supreme People’s Court and the Supreme People’s Procuratorate reportedly unveiled updated interpretations of China’s ...
The former CEO of the now-defunct Kansas-based Heartland Tri-State Bank, Shan Hanes, has been sentenced to 24 years in prison for his role in a large-scale cryptocurrency fraud scheme. Hanes, who hails from Elkhart, Kansas, pleaded guilty to one count of embezzlement, admitting to misappropriating tens of millions of dollars ...
