Cryptocurrency Analysis and News Portal
NFT wash trading is a problem for investors, the global community, collectors and traders because these participants use less liquid nonfungible tokens to manipulate the price of an asset. Due diligence has become more difficult as investors have been forced to rely on measurable statistics, making wrong investment decisions.
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CryptoX has not been able to confirm when the oracle integration went live. Either way, it only affects Tornado Cash’s front-end, meaning savvy users can still interact with the smart contracts powering the decentralized service. The primary wallet hasn’t attempted to move funds through Tornado Cash since that tweet, but
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The UIAF, which is the Colombian money laundering watchdog, has postponed the date on which exchanges and individuals must start reporting their transactions to the organization. The institution will now open a consulting period in which companies and individuals can present their thoughts regarding the proposed regulation, which might be
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Modern know-your-customer, anti-money laundering regulations are ineffective; crypto represents a better option to address this problem. Source
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She says she “admires” the innovative mindset of people active in the market – and even cites members of her own family who follow it. But equally, she said, some misuse anonymous payments to finance crimes, citing drugs, prostitution, child pornography and terrorism. Source
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But they come in the week that the EU prepares to end the possibility for anonymous crypto payments altogether. The European Parliament is due to vote Thursday on how to extend existing money laundering controls to crypto payments. An existing threshold of 1,000 euros ($1,100 U.S.) under which a payer’s
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In a statement, the Manhattan DA alleged that between January 2018 and August 2021, the 42-year-old Spieker converted over $2.3 million into Bitcoin, and separately, more than $380,000 of Bitcoin into U.S. dollars, via "a rotating set of accomplices" who opened bank and crypto exchange accounts to enable the laundering
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Freis, who ran the Treasury’s Financial Crimes Enforcement Network (FinCEN) under former Presidents George W. Bush and Barack Obama, will advise MoonPay’s executives and compliance officials as the startup further establishes its systems for allowing people to buy and sell cryptocurrencies using a range of payment methods such as credit
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The Argentinian anti-money laundering regulator is reportedly working to force cryptocurrency firms to report their movements and take AML measures on Argentinian soil. The regulation for this purpose might be ready for approval this year, according to local media. This could be the consequence of the recent requirement approved in
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The EU is setting up an anti-money laundering watchdog, and leaders want it to have strict oversight of crypto firms. Original Source
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