Search Results for "crypto crimes"
European Union Parliament Considers Petition for Crypto Fraud Victims Fund
European Union Parliament is considering a petition from a consortium of individuals and companies to establish a restitution fund for victims of crypto-fraud.
JP Morgan Chase Approves Major Crypto Exchange Clients Coinbase and Gemini
JPMorgan Chase, the largest bank in the United States, has set the ball rolling by accepting crypto exchanges Gemini and Coinbase as banking customers. This is a sign that Bitcoin and other cryptocurrencies are being embraced in the American financial landscape and Wall Street. The bank gave Coinbase and Gemini accounts the green light in April, and transactions are just kick-starting. Reportedly, JPMorgan Chase is offering cash-management services to the exchanges, as well as dealing with dollar-based transactions for their US-based clients.
Ripple’s Lobbying Efforts in 2020 to Improve Crypto Regulation May Have Been in Vain
Ripple ran the cryptocurrency industry’s most expensive lobbying program in 2020, appealing to legislators to reconsider how crypto was regulated.
Stellar Lumens: FinCEN Regulatory Proposal May Have “Far-Reaching Consequences for Blockchain and Crypto”
Much like many in the blockchain and cryptocurrency industry, Stellar Lumens has taken up FinCEN on its request for comment for its proposed crypto rule.
Bitcoin Ransoms Doubled in 2019, New Report Warns Investors
Crypsis Group, a crypto forensics firm, noted in a recently released security report that crypto-ransoms, such as those involving Bitcoin, rose almost 200 percent for last year, compared to 2018.
FinCEN's Proposed Crypto Rule Does Not “Follow Proper Procedure”- Coinbase CEO
Coinbase CEO Brian Armstrong criticized the FinCEN's proposed regulatory procedure for cryptocurrencies, calling it ill-advised.
FinCEN Warns Social Media Companies Involved in Crypto to be Vigilant Regarding Illicit Transactions
The Financial Crimes Enforcement Network (FinCEN) has urged social media and messaging companies that are working with on cryptocurrencies to be vigilant about illegal transactions.