Friday, November 22, 2024
Home > Lax

Crypto scammers abuse ‘lax’ UK company laws to fool victims: Report

The United Kingdom is host to at least 168 companies accused of running fraudulent crypto or foreign exchange (forex) scams according to an independent analysis.A Jan. 29 joint investigation by media firms the Bureau of Investigative Journalism and the Observer suggested organized crime groups are using the U.K. as their

Read More

BitMEX Accelerates Mandatory ID Verification After Charges of Lax Anti-Money Laundering Controls

BitMEX, which has been charged by the U.S. government and a regulator with facilitating unregistered trading, has accelerated its mandate for all customers to verify their identities by Nov. 5, three months earlier than its original deadline of early February.Stronger identity verification requirements is an industry trend, said Ben Radclyffe,

Read More