Tag: illicit
$649B stablecoin transfers linked to illicit activity in 2024: Report
Cryptocurrency compliance firm Bitrace found that $649 billion worth of stablecoins flowed through addresses classified as high-risk in 2024, accordin [...]
EU could fine Elon Musk’s X $1B over illicit content, disinformation
European Union regulators are reportedly mulling a $1 billion fine against Elon Musk’s X, taking into account revenue from his other ventures, includi [...]
Decentralization clashes with illicit activity
THORChain has been called a money laundering protocol — a label no decentralized finance (DeFi) project wants unless it’s prepared to have regulators [...]
Decentralization clashes with illicit activity
THORChain has been called a money laundering protocol — a label no decentralized finance (DeFi) project wants unless it’s prepared to have regulators [...]
Decentralization clashes with illicit activity
THORChain has been called a money laundering protocol — a label no decentralized finance (DeFi) project wants unless it’s prepared to have regulators [...]
Russian-Speaking Groups Responsible for Majority of Crypto Ransomware Attacks, Illicit Drug Sales in 2023: TRM Labs
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U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate
The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a gove [...]
U.S. Treasury Says It Wants to Better Money Laundering Regulations Around Crypto, Other Illicit Finance
The U.S. Treasury Department wants to continue beefing up anti-money laundering and counter-terrorist financing efforts around digital assets, as part [...]
Crypto Does Not Have an Illicit Finance Problem, Bad Actors Do
While Senators weigh the merits of Adeyemo’s important testimony, they should also weigh the consequences of more than five years of U.S. policy inact [...]
TRM Labs Says Illicit Funds in Crypto Shrank 9% in 2023; Criminals Still Handled $34B
Illicit activity in the cryptocurrency ecosystem appears to have reduced, with the total illicit funds shrinking by 9% in 2023 compared to 2022, even [...]
UN Alleges Major Tether Role in Illicit Activity in East Asia, Stablecoin Issuer Hits Back
The report by the UN Office on Drugs and Crime (UNODC) said that “Online gambling platforms, and especially those that are operating illegally, have e [...]
Report Finds Less Illicit Crypto Activity in Nations With Full Licensing Regimes in 2023: TRM Labs
TRM Labs' analysis was published in a report Monday that reviewed 2023 global crypto policy in 21 jurisdictions which represent 70% of global crypto e [...]
Circle denies claims of illicit financing and ties to Justin Sun
USDC stablecoin issuer Circle has denied claims of illicit financing and ties to Tron founder Justin Sun, according to an open letter accessed from Ci [...]
US Justice Department seizes 9M USDT amid $225M illicit funds frozen by Tether
The United States Department of Justice announced it had seized roughly $9 million worth of Tether (USDT) following the stablecoin issuer freezing fun [...]
U.S. FSC to discuss illicit activity in crypto at upcoming hearing
The United States Financial Services Committee (FSC) has scheduled a Nov. 15 hearing for a deep dive into the illicit activities in the cryptocurrency [...]