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Tag Archives: Cryptorelated

Thai Money Laundering Watchdog Looks to Tackle Crypto-Related Crimes

Thailand’s Anti-Money Laundering Office (AMLO) is considering creating its own digital wallet to investigate crypto-related cybercrime, local news outlet The Nation wrote Monday, September 3. The matter was discussed at a local seminar cryptocurrency crime within the current legal system. According to Witthaya Neetitham, secretary for AMLO, the regulator wants to adapt to the new technology by making it possibly ...

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China Extends Crypto-Related Promotion Ban Beyond the Capital

China’s anti-crypto onslaught continues, as a prohibition against commercial venues from hosting crypto-related events has been extended to Guangzhou Development District, local media outlet Jiemian reports August 29. Guangzhou Development District is a special economic zone in southern China, close to Hong Kong. The district’s Financial Development Bureau reportedly issued a notice of the new ban August 24, warning of ...

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42% of Top 50 Universities Offer at Least One Crypto-Related Class

A recent study by the U.S. crypto exchange Coinbase has shown that 42 percent of the world’s top 50 universities have at least one class on cryptocurrencies or blockchain. The results of the study were published on Coinbase’s official blog Tuesday, August 28. The research was jointly conducted by Coinbase and survey company Qriously. Together they interviewed 675 U.S. college ...

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‘Operation Cryptosweep’ Results in 200 Crypto-Related Investigations

The North American Securities Administrators Association (NASAA) announced today, August 28, that its ongoing initiative “Operation Cryptosweep” has resulted in over 200 investigations of Initial Coin Offerings (ICOs) and crypto-related investment products. State and provincial securities regulators in the U.S. and Canada launched probes into potentially fraudulent crypto investment programs as part of the NASAA’s “Operation Cryptosweep” in May. The ...

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China Prohibits Crypto-Related Promotion in Beijing’s Chaoyang District

China is prohibiting all commercial venues from hosting any cryptocurrency-related events in Beijing’s Chaoyang district, local news outlet The Paper reported August 22. Official notice issued by local financial and social risk prevention and control authorities. Source: The Paper Many reportedly believe the ban, first covered by a local news app known as Jwview, could be extended to other districts ...

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FinCEN Receives More Than 1,500 Crypto-Related Complaints Every Month

The US Financial Crimes Enforcement Network receives over 1,500 suspicious activity reports (SARs) related to cryptocurrencies, the agency’s director has revealed. The majority of them come from money service businesses (MSBs), stakeholders in the digital currency industry and other financial institutions. The director also noted that the agency has been working with other government agencies such as the IRS and ...

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$2.5 Million Losses in Crypto-Related Scams Reported This Summer

British police have warned the public about fraudulent investment schemes involving cryptocurrencies, the volume of which has led to 2 million pounds ($2.55 million) worth of losses this summer, according to an announcement published August 10. In the announcement, the police cite statistics prepared by the Action Fraud national reporting center for fraud and cyber crime, which shows that in ...

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Researchers Reveal Network of 15K Crypto-Related Scam Bots on Twitter

New research published today, Aug. 6, has shed light on the infamous phenomenon of cryptocurrency-related Twitter accounts advertising fake “giveaways,” revealing a network of at least 15,000 scam bots. The analysis of Twitter bots, which continue to aggravate and even fool unsuspecting users, came from cybersecurity company Duo Security. The project involved a huge tranche of 88 million Twitter accounts, ...

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Internal Affairs Minister Denies Involvement in Crypto-Related Gov’t Investigation

Japan’s Internal affairs minister Seiko Noda has denied her involvement in a government investigation into the operation of a non-registered cryptocurrency exchange, local news outlet the Asahi Shimbun reported July 19. In January, the Financial Services Agency (FSA) reportedly suspected a Tokyo-based company of violating the law by operating a non-registered cryptocurrency exchange. The FSA requested a written response to ...

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Donald Trump’s US Government to Focus More On Crypto-Related Fraud

A new task force created by Donald Trump seeks to further investigate “cyber fraud” and “digital currency fraud,” as per an executive order from the U.S. President and his administration. Trump Looking at Crypto The announcement, made today, looks to place digital currencies amongst more traditional crimes like money laundering and fraudulent investment schemes targeting the elderly as a focus ...

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