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Latvia and Lithuania, two Baltic nations, have decided to tighten their cryptocurrency regulations. The main goal? Preventing money laundering. They are not the first nations in the region to do that – Estonia recently adapted a stricter AML regulation after Russia invaded Ukraine, since...

Cryptocurrency worth some 102 million US dollars has been seized by the US Secret Service – that was revealed by David M. Smith, who is a senior official with the United States Secret Service. He revealed that information during an interview with CNBC. Mr. Smith is the 28th Assistant Director of...

The Bank of Iran has revealed plans to set up its own digital currency, also known as CBDC and they have dubbed it the “crypto-rial”. The bank sent a notice to local banks and credit agencies about a number of impending regulations connected to the CBDC. Apparently certain frameworks are being...

Cryptocurrency popularity surged in the past year, and with them surged the fraudulent laundering of cryptocurrencies. In 2021 said laundering was worth some 8.6 billion US dollars, which is over 30% more than the sum for 2020, which was 6 billion US dollars. According to a recent report, cyber...

The United Kingdom financial regulator, the Financial Conduct Authority (FCA) announced that it is expanding the duration of its temporary licensing regime for some cryptocurrency entities beyond the deadline which was going to expire at the end of March. This temporary licensing regime was...

The Ronin Network was hacked and lost a whopping 615 million US dollars. The perpetrators made off with that sum in a relatively short time, committing one of the largest crypto heists in history, maybe even the largest cryptocurrency heist in history. The Ronin Network was apparently hacked on...

Thailand’s financial regulator, the Securities and Exchange Commission (SEC) announced that it is planning on banning the use of cryptos for the purchase of goods and services from April 1st. This decision was made after consultations between SEC and the Bank of Thailand (BOT) on the necessity...

The European Supervisory Authorities (ESAs) issued a warning to the public about the risks involved in cryptocurrency assets. According to the warning, many such assets are highly speculative and consumers “face the very real possibility of losing all their invested money if they buy these...

Dubai is introducing its very own cryptocurrency regulator which will be overseeing the use and trade of various crypto assets within its jurisdiction. The new regulator is called Dubai Virtual Assets Regulatory Authority, it is formed under the Dubai Virtual Asset Regulation Law and it will be...

The United Kingdom has implemented new rules aimed at dealing with cryptocurrency fraud. According to a speech by the Head of Civil Justice in The Court System of England and Wales, Sir Geoffrey Vos, t the Civil Justice Council (CJC) will be updating its provisions and legislations to make it...

According to recent reports, the US cryptocurrency exchange Binance had to suspend its activities in Israel, at least temporarily, after a request from the local regulator Capital Markets Authority (CMA) to provide nformation about its licenses as well as about the essence of the services it...

Back in 2016, Bitfinex, which at the time was one of the most famous crypto exchanges in the world, got hack and the hackers made off with billions of US dollars. Recently, however, the US Department of Justice revealed that they had recuperated some 3.6 billion US dollars of the stolen money...

Despite recent reports that Russia is gearing up to ban cryptocurrencies, it turns out that the situation is not so bleak after all. In fact, it turns out that the government and The Bank of Russia actually reached an agreement to recognize BTC as a foreign currencies and not a digital asset and...

According to initial reports, attackers exploiting deficiencies in the Wormhole Network’s Ethereum – Solana bi-directional bridge apparently stole some 93,750 Ether. At the current prices that makes about 250 million US dollars. However, according to other sources some 120,000 ETH were syphoned...

The US authorities are preparing to release an executive order about cryptocurrencies that will deal with major issues, such government-wide strategy, digital currencies opportunities, and cryptocurrency risks. For now the details about the order are unclear, but according to latest reports...

The Russian Central Bank – which is also the country’s chief financial regulator – has proposed a ban on the use and mining of cryptocurrencies. According to this recent report, the reasons behind this proposal are concerns about the overall financial stability, people’s safety, and monetary...

According to a new report, 2021 was the year with the most illicit cryptocurrency transactions so far. A dubious new record was set, as some 14 billion USD in cryptos have been received by off-the-grid crypto wallets. In comparison, back in 2020 that number was 7.8 billion USD. That said, the...

Some of the biggest cryptocurrency exchanges in India got raided by tax authorities recently, because the agency suspected them of tax evasion. Some of the exchanges in question are CoinDCX, CoinSwitch Kuber, Unocoin and BuyUCoin. According to local media, the alleged tax evasion from Mumbai...

More than 30 million US dollars have apparently been stolen from he decentralized finance (DeFi) protocol Grim Finance. The theft was a result of hackers exploiting a vulnerability in the platform. The company announced an “advanced hack” on Twitter, where hackers exploited the platform’s vault...

Russia, which has long been pretty unwelcoming to cryptos, has plans to fully ban them. This became clear from recent official reports by Reuters, who cited two different anonymous sources connected to the country’s financial regulator. According to these reports, the main motivation behind the...