1 / 1 Relevant items tagged with #Fiu

Posts

Binance Helps Indonesian Authorities Recover Funds in Crypto Fraud Bust

[Sep 25 2:30 AM] Crypto exchanges Binance and Tokocrypto collaborated with Indonesian law enforcement to crack down on a crypto scam, seizing $200,000 in stolen assets. “During the investigation, multiple individuals involved in managing the accounts that…

India’s FIU Considers Approving More Offshore Crypto Exchanges

[Sep 6 1:30 AM] India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with…

German Authority Seizes 13 Unauthorized Crypto ATMs

[Aug 21 11:30 PM] Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal…

Bybit receives VASP, card operator registration in Argentina

[Aug 16 5:39 PM] Bybit’s registration as a virtual asset service provider was made possible by a law passed in July.

Binance Hit With $87 Million Tax Bill in India

[Aug 6 3:16 PM] Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such…

WazirX launches bounty program to recover stolen assets

[Jul 20 5:05 AM] The exchange remains focused on addressing the impact on customer funds and ensuring the security and integrity of their platform.

Indian Authority Fines Crypto Exchange Binance $2.25 Million for AML Violations

[Jun 20 4:15 PM] India’s Financial Intelligence Unit has fined crypto exchange Binance $2.25 million (₹18.8 crore) for non-compliance with anti-money laundering (AML) regulations. Binance’s return to India is seen as challenging, especially after the…

South Korea Mulls Issuing Crypto Mixing Regulations to Curb Money Laundering

[Jan 17 12:30 AM] Financial authorities are preparing to issue cryptocurrency mixing-specific regulations in South Korea to stop criminal groups from using these tools to launder funds obtained illegally. The Korean authorities are discussing whether to allow…

Nearly 400 Crypto Firms Lose Their Estonian Licenses Under New Rules

[May 11, 2023 5:30 AM] The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses…