G7 Leaders Ask Russia to Urgently Identify Those Who Abuse Cryptocurrency in ...
The G7 leaders have called on Russia to urgently “identify, disrupt, and hold to account” ransomware hackers and those abusing cryptocurrency to launder ransoms. “We reiterate our interest in stable and predictable relations with Russia, and will continue to engage where there are areas of mutual interest,” the G7 leaders said. G7 Nations Ask Russia to Identify and Disrupt Ransomware Hackers Abusing Cryptocurrencies The leaders of the G7 countries met in Cornwall, England, on June 11-13. Among a long list of topics they discussed was ransomware attacks involving....
Related News
The central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank of Russia Target Cryptocurrency Exchangers Russia’s central bank has issued a set of criteria that banks can use to identify cards and e-wallets used by companies operating in the shadow economy, Forklog reported. According to the monetary authority, these include not only illegal forex....
U.S. government agencies are urgently working together on a joint regulatory framework for cryptocurrencies, Federal Reserve Vice Chair of Supervision Randal Quarles has confirmed. “We along with the OCC and the FDIC are engaged right now in what we are calling a sprint in seeking to pull together views on” crypto regulation. US Agencies Collaborating on Joint Regulatory Framework for Cryptocurrencies Federal Reserve Vice Chair of Supervision Randal Quarles talked about regulators’ efforts on cryptocurrency supervision on Tuesday, Reuters reported. Answering a question....
A globally consistent crypto regulatory framework is urgently needed to allow banks to handle crypto assets on behalf of large customers, said a JPMorgan executive. “We need a globally consistent regulatory framework. It’s important that we get to a solution as quickly as possible.” Global Regulatory Framework Urgently Needed to Allow Banks to Offer Crypto Exposure to Clients, Says JPMorgan Debbie Toennies, managing director and head of Regulatory Affairs at global investment bank JPMorgan Chase & Co., talked about global cryptocurrency regulation applicable to banks....
As the attack on Ukraine by Russia commenced as expected in the early hours Thursday, US and world leaders scurried to denounce Russia, warning of harsh consequences for its actions. Russian troops launched their predicted onslaught on Ukraine, ignoring international condemnation and sanctions and warning other countries that any effort at interference would result in […]
The growing popularity of cryptocurrencies has placed Russia among the leaders in adoption. But while it is yet to reach the top of the ranking, the country already has a “disproportionate share” of global activity related to some forms of crime involving cryptocurrency, according to a new study by Chainalysis.
Three Quarters of Ransomware Revenue Traceable to Russia, Researchers Say
Individuals and groups based in the Russian Federation, which is in the top 20 of the Global Crypto Adoption Index by Chainalysis, can be linked to some $400 million in....