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CFTC Launches Action against U.K. Firm for Laundering More than 22,800 Bitcoin (BTC)

According to a report by Finance Feeds published on June 18, 2019, the U.S. Commodity Futures Trading Commission (CFTC) has filed a complaint against a U.K.-based firm named Control-Finance Ltd. and its sole Director Benjamin Reynolds. The regulator reported that they stole more 22,800 bitcoin (approx. $147 million) from customers by

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US CFTC Brings Action Against $147 Million Bitcoin Investment Scheme

The United States Commodity Futures Trading Commission (CFTC) launched action against a reportedly fraudulent $147 million bitcoin (BTC) scheme, fintech news outlet FinanceFeeds reports June 18.On June 17, the regulator reportedly filed a complaint with the New York Southern District Court against now-defunct United Kingdom-based entity Control-Finance Ltd, which

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G20 passes guidelines for Financial Action Task Force on Money Laundering for cryptocurrencies

A meeting of G20 Finance Ministers and Central Bank Governors has passed a resolution to apply recently amended FATF (Financial Action Task Force on Money Laundering) guidelines to cryptocurrencies. “We reaffirm our commitment to applying the recently amended FATF standards to virtual assets and related providers for AML and CFT,” says

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UN Secretariat Signs Agreement with Nonprofit to Reward Climate Action With Crypto

A climate change initiative of the United Nations signed a Memorandum of Understanding (MoU) with nonprofit organization W-Foundation to collaborate on climate action, according to a press release shared with Cointelegraph on May 16.In accordance with the new MoU, the Secretariat of the UN Framework Convention on Climate Change

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FinCEN Takes First Enforcement Action Against P2P Cryptocurrency Exchanger

The United States Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty for a California resident accused of wilfully violating money transmission laws in his work as a peer-to-peer exchanger of virtual currencies. The news was announced in an official FinCEN news release on April 18.FinCEN —

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