Search Results for: Money laundering
Russian Police seize 22 Cryptocurrency ATMs
September 4th, 2018
Russian police have recently seized cryptocurrency ATM machines under orders from the country’s central bank. According to local publication RBC, the ATM developer impacted by the seizure plans to appeal the action, and has incurred economic damage and costs ...
Rakuten e-commerce giant buys a bitcoin exchange
September 3rd, 2018
Rakuten, Inc., the largest e-commerce site in Japan and among the world’s largest by sales, announced that it decided to acquire everybody’s bitcoin Inc. (hereinafter “everybody’s bitcoin”) through its subsidiary, Rakuten Card Co., Ltd. The acquisition is based on ...
The EU is taking another look at regulating crypto
August 30th, 2018
Cryptocurrency traders and issuers of virtual currencies are in for a fresh round of scrutiny from European politicians. Finance ministers from the European Union’s 28 member states will discuss a host of challenges posed by the growing popularity of ...
EU prepares crackdown on ‘citizenship for sale’
August 14th, 2018
Brussels is preparing to crack down on EU governments, including Malta and Cyprus, that award citizenship to rich people from outside the bloc, as concerns mount about so-called dirty money from Russia. Vera Jourova, the EU’s commissioner for justice, ...
Financial regulators consult on creation of a Global Financial Innovation Network
August 8th, 2018
The Financial Conduct Authority (FCA) has, in collaboration with 11 financial regulators and related organisations, announced the creation of the Global Financial Innovation Network (GFIN), building on the FCA’s proposal earlier this year to create a ‘global sandbox’. The ...
Virtual currencies spark real concern about national security threat
July 31st, 2018
U.S. government officials are increasingly worried about the potential national security threat posed by the rise of cryptocurrencies. In the past week, the Department of Justice, congressional lawmakers and even Federal Reserve Chairman Jerome Powell have voiced concern about ...
The top 3 trends in forex trading of 2018
July 30th, 2018
We are almost halfway done with the third quarter of 2018, but there have already been a lot of local and global events that have impacted the foreign exchange market during the first half of the year. The ongoing ...
FSB: crypto-assets do not pose a material risk to global financial stability at this time
July 18th, 2018
The Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, published a report delivered to the G20 Finance Ministers and Central Bank Governors on the work of the FSB and standard-setting bodies ...
Woman who once bought bitcoins for $300,000 cash in paper bags sent to prison
July 17th, 2018
A woman who for years went by the name “Bitcoin Maven” on localbitcoins.com—a peer-to-peer website for buying and selling anonymous bitcoins in person—was sentenced Monday to 366 days in federal prison, three years of supervised release, and a $20,000 ...
International fight against tax fraud steps up a gear
July 5th, 2018
The UK, Canada, the Netherlands, the United States and Australia have launched an international tax and anti-money laundering team. The Joint Chiefs of Global Tax Enforcement (J5) body will build on existing international cooperation by sharing intelligence and expertise, ...
