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Meta opens Llama AI model up to US military

[Nov 5 5:10 AM] Meta said sharing open-sourcing AI tech within the US and with its allies will play a role in helping it preserve the “technological edge” over China and other competitors.

FATF Urges India to Strengthen Virtual Asset Regulation

[Sep 21 1:30 AM] India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised…

Binance CEO Teng Rejects Allegations the Exchange Froze All Palestinians' Funds

[Aug 28 3:56 PM] The crypto exchange complies with anti-money laundering legislation, he said.

French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation

[Aug 6 1:30 AM] The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This…

New Senate Bill Empowers US Secret Service to Combat Digital Asset Cybercrimes

[Aug 5 12:30 AM] U.S. senators have introduced legislation to empower the Secret Service to combat cybercrimes involving digital assets. This legislation addresses the growing use of cryptocurrencies for illicit activities and mandates the Government Accountability…

Crypto Use in Terror Financing Rises, but Is Still Relatively Small: Singapore

[Jul 26 6:06 AM] Singapore's government noted an increasing use of cryptocurrencies in terror financing, even though it acknowledges that cash and other informal value transfer systems remain the predominant means for financial transactions.

Fewer Than 30% of Jurisdictions Globally Have Started Regulating Crypto: FATF Chief

[Mar 28 3:24 AM] Globally, less than 30% of jurisdictions have started regulating the crypto sector as of June 2023, the Financial Action Task Force (FATF) President T. Raja Kumar told CoinDesk in an interview from Singapore.

Treasury Official Confirms Crypto Isn’t a Popular Tool for Terrorists — Says They ‘Prefer Traditional Products’

[Feb 15 8:00 PM] U.S. Department of the Treasury’s Under Secretary Brian E. Nelson has confirmed that terrorists’ use of crypto remains a small fraction of more established mechanisms to move money. He also admitted that “digital assets were not even a…

U.S. Treasury Debunks Narrative That Hamas Relied on Crypto to Fund Terrorism

[Feb 14 2:56 PM] Just after Hamas' terrorist attacks in Israel last year, crypto took blame for helping fund such brutal killing. While the prominent media reports were later bashed by cryptocurrency experts, the U.S. Department of the Treasury's top official on…

Crypto for Advisors: Bitcoin Myth Busting

[Dec 28, 2023 10:45 AM] Kunal Bhasin, co-leader of KPMG Canada’s crypto asset and blockchain practice, debunks many of the bitcoin myths in the final Crypto for Advisors issue of the year.

Spanish Police Crack Down On Crypto-Based ISIS Funding Operation

[Dec 18, 2023 10:00 PM] Spanish police successfully dismantled a network involved in financing ISIS through crypto transactions, resulting in the arrest of five individuals over the weekend. The operation, part of a two-and-a-half-year investigation, targeted individuals…

Bipartisan Anti-Crypto Terror Financing Bill Heads to U.S. Senate

[Dec 8, 2023 3:05 AM] Legislation will crack down on terrorist organizations like Hamas by applying sanctions to foreign parties that facilitate financial transactions with terrorists.

Hamas, Hezbollah Now Prefer Tron to Bitcoin: Reuters

[Nov 27, 2023 7:06 AM] Almost two-thirds of Israel's Tron seizures were in 2023, including 39 from wallets Israel said in June were owned by Lebanon's Hezbollah and 26 in July from Hamas ally Palestinian Islamic Jihad.

Discredited Crypto Terrorist Funding Figures Gain Fresh Life in House Hearing

[Nov 2, 2023 1:29 PM] Despite a raging online debate discrediting the scale of crypto support for terrorist groups, the story continues to resonate in important places. Most recently on Thursday, the ranking Democrat at a hearing in the U.S. House of Representatives…

Media Reported Hamas Got Millions Via Crypto, but the Data Provider They Cited Says It Was Misconstrued

[Oct 26, 2023 8:04 AM] After Hamas' deadly attacks in Israel, media reports linked the terrorist group with tens of millions in crypto donations, but that data was misinterpreted and hugely exaggerated, according to the blockchain analytical firm that was cited.

Israel Freezes 100 Binance Accounts Over Suspected Hamas Links: FT

[Oct 17, 2023 2:11 AM] Authorities requested information on some 200 other crypto accounts, the FT said, citing people familiar with the matter.

Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban

[Jul 20, 2023 3:30 PM] In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized…

US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto

[Apr 6, 2023 1:30 PM] The U.S. Treasury has released a 42-page report assessing the risks of decentralized finance (defi). The report states that specific nation-state adversaries, cybercriminals, ransomware attackers, thieves, and scammers are using defi to…

US regulator to seek feedback on DeFi's impact on financial crime

[Dec 8, 2022 12:30 AM] A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.