Cryptocurrency Analysis and News Portal
“This is to ensure that our law enforcement agencies, including counter-terrorism policing, have all the necessary powers to effectively seize, freeze and forfeit crypto assets that could be or have been used for terrorist purposes," a spokesperson for the Home Office said in an email to CryptoX. Source
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The amount transferred by three Islamic extremists is estimated at around 280,000 euros, one news outlet reported. Source
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Under these rules, known colloquially as the travel rule, conventional bank transfers need to identify parties involved in any transaction over 1,000 euros, with suspicious transactions passed on to the authorities. But lawmakers are leaning towards abolishing that lower threshold for crypto transactions because large digital payments can easily be
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Companies issuing digital assets, or providing fiat on-ramps and crypto trading services would have to notify Kazakhstan’s Ministry of Digital Development, Innovation and Aerospace Industry when they launch their services or shut them down, Sputnik said. Source
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Cryptocurrencies used for illicit purposes are a “growing problem,” Treasury Secretary Janet Yellen said Wednesday. “I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance terrorism,” she said
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The French Ministry of Finance unveiled sweeping know-your-customer (KYC) requirements on all cryptocurrency companies operating in and servicing the country on Wednesday, a move that could ultimately strip the French crypto space of any semblance of anonymity.All virtual asset service providers must immediately begin checking their customers’ identities, verifying “beneficial
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May 6, the Libra Association announced the appointment of Obama’s former under secretary for terrorism as its first CEO.Stuart Levey served as an under secretary for terrorism under the administrations of George W. Bush and Barack Obama, focusing on the enforcement of all U.S. anti-money laundering and counter terrorist financing
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The UK’s Financial Conduct Authority (FCA) now supervises companies and business working with crypto for anti-money laundering (AML) and counter terrorism finance (CTF) compliance.In an announcement released on January 10th, the financial regulator said that it will supervise whether businesses dealing with cryptocurrencies and blockchain in the UK are complying
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Peter Dutton, Home Affairs Minister of Australia, warns the public that cryptocurrency is being used by terrorists who are exploiting it for transactions and funding of their heinous agendas. He further added that sine the transactions of digital currencies are anonymous, it is allowing them to go unnoticed under the
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The German Federal Ministry of Finance has expressed concerns about rising use of privacy tokens due to their association with criminal activities and difficulties in tracking them.Published on Oct. 19, the ministry’s “First Money Laundering and Terrorist Financing National Risk Assessment” for 2018-2019 provided analysis aimed at the identification
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