Crypto Crackdown Intensifies: Canada Revokes 47 Licenses
Canada’s financial watchdog fined crypto platform Cryptomus $126 million last October after the company allegedly failed to flag suspicious transactions on 1,068 separate occasions in a single month. Related Reading: Crypto Power Move: Bitmine Ramps Up Ethereum Buys To 4.6M ETH A month before that, crypto exchange KuCoin was handed a $14 million penalty for […]
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South Korea’s tax authority is spending roughly $2 million to build an artificial intelligence system that hunts down unreported cryptocurrency income — even as lawmakers push to eliminate the very tax that system would help enforce. Related Reading: Crypto Crackdown Intensifies: Canada Revokes 47 Licenses A Bill To Kill The Crypto Tax The People Power […]
Scammers have already hit more than 700 crypto wallets — some holding over a million dollars in stablecoins — with a phishing scheme disguised as a federal law enforcement action. Related Reading: Crypto Crackdown Intensifies: Canada Revokes 47 Licenses A Scam Built On Fear The operation targets users of the Tron blockchain. Criminals mint a […]
A blockchain analytics firm found that nearly 90% of money processed by a UK-registered crypto exchange in 2024 was connected to Iran’s most powerful military organization. Related Reading: Crypto Crackdown Intensifies: Canada Revokes 47 Licenses A Billion Dollars And A Fake Boss TRM Labs, which tracks cryptocurrency flows, reported that Zedxion Exchange and a related […]
Over 1,000 cryptocurrency firms’ licenses have been revoked in Estonia this year as the country tightens the oversight of the crypto industry amid heightened money-laundering concerns. 1,000+ Crypto Firms Lost Their Licenses This Year The Estonian Ministry of Finance revealed Friday that the country’s Financial Intelligence Unit (FIU) has revoked more than 1,000 crypto companies’ licenses this year. Estonia, once a Mecca for cryptocurrency entrepreneurs, started worrying about the money-laundering risks in the crypto sector last year. The announcement follows the meeting....
Sunacrip, the Venezuelan cryptocurrency watchdog, has suspended the operating licenses of two exchanges for lack of compliance with current regulations. The announcement was made by Joselit Ramirez, superintendent of Sunacrip, who also mentioned the exchanges that are approved by the institution, leaving some big names like Binance off of the list.
Sunacrip Tightens Compliance Requirements For Exchanges In Venezuela
Sunacrip, the institution in charge of the regulation of all things crypto in Venezuela, has announced it has revoked the trading licenses of two exchange platforms....