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Spanish Law Enforcement Arrests 35 Suspects for Bank Fraud, BTC Money Laundering

Spanish law enforcement arrested 35 people for allegedly counterfeiting banking cards and laundering the proceeds through bitcoin (BTC), local media La Verdad reports on June 14.Per the report, the organization obtained over €600,000 ($674,000) and laundered over €1 million ($1.2 million) using bitcoin. Furthermore, the Command of Alicante reportedly

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Traditional Exchanges Pull Back From Reg A+ IPOs Due to Fraud Concerns

Traditional exchanges are holding off on Reg A+ initial public offerings (IPOs) following problematic offerings like that of purported cryptocurrency firm Longfin Corp., the Wall Street Journal (WSJ) reported on June 10.Earlier in June, the United States Securities and Exchange Commission’s (SEC) filed fraud charges against Longfin. The SEC

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Hong Kong’s Securities Regulator Calls for Crypto Regulation to Confront Fraud

The Securities and Futures Commission (SFC) of Hong Kong has expressed concern over the lack of regulation for dealing with fraud in the crypto space, local news agency The Standard reports May 30.SFC enforcement chief Thomas Atkinson has recently pointed out problems associated with the existing regulatory uncertainty over

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Shell-Shocked HitBTC Users Shout ‘Fraud’ in Response to Severe KYC

By CCN: HitBTC users are being asked to provide excessive detail about the derivation of their funds, according to multiple sources. Even Bitcoin developer Luke-Jr was forced to undergo KYC in order to withdraw funds. The famous small-blocker reportedly had chosen the exchange for its perceived lack of know-your-customer compliance.High-Profile

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Mark Mobius Supports Bitcoin (BTC) After Previously Calling Cryptocurrency A “Fraud”

One of the most recognizable figures in investing has had a change of heart in his opinion towards Bitcoin and cryptocurrency. Mark Mobius, cofounder of Mobius Capital Partners, recently spoke in a Bloomberg podcast where he claimed that Bitcoin will be “alive and well” into the future. Despite his current

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US Crypto Scammers’ Linked to Bitfinex, Tether in Shadow Banking Fraud

By CCN.com: The U.S. Justice Department has nabbed one of two crypto fraudsters accused of a shadow banks scheme that entailed the processing of hundreds of millions of dollars of unregulated transactions on behalf of several cryptocurrency exchanges.On the surface, these seem like the run-of-the-mill bad actor arrests. However, chatter

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