Crypto

Maltese police join international crackdown on €700 million crypto-fraud network

The final actions in a sweeping international operation have successfully dismantled a large-scale cryptocurrency fraud and money laundering network that had laundered over EUR 700 million. Coordinated across multiple jurisdictions,…

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Malta’s financial regulator opposes push to centralise EU crypto supervision

Malta's financial watchdog is opposed to a push by other countries to give the European Union's securities regulator more powers to supervise crypto companies, a spokesperson said. On Monday, France,…

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France threatens to block crypto licence ‘passporting’ in EU regulatory fight

France has warned it may try to block some crypto firms licenced in other EU countries from operating domestically as part of a push to get oversight transferred to the…

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Binance to end support for USDC stablecoin on Tron blockchain network

Cryptocurrency exchange Binance said on Monday customers would no longer be able to deposit and withdraw the dollar-pegged stablecoin USDC using the Tron blockchain network. Stablecoins are digital tokens that…

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Bitcoin falls to $40,000, lowest level since bitcoin ETF launch

Bitcoin fell to a seven-week low on Monday, hovering below $40,000 for the first time since the launch of 11 spot bitcoin exchange-traded funds on Jan. 11. The world's largest…

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Bitcoin climbs above $45,000 for first time since April 2022

Bitcoin rose above $45,000 on Tuesday for the first time since April 2022 as the world's biggest and best-known cryptocurrency started 2024 with a bang buoyed by optimism around possible…

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EU loophole lets banks dodge ECB’s crypto supervision, needs fixing -Enria

EU rules to protect the financial system from risks stemming from cryptocurrencies contain a loophole that allows banks to circumvent some safeguards and should be fixed urgently, the European Central Bank's chief…

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Banking regulator proposes crypto disclosures from January 2025

Global banking regulators on Tuesday proposed a standardised format for major banks to disclose their holdings of cryptoassets from January 2025 to support "market discipline" by giving a complete picture…

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IMF and regulators set out roadmap to contain crypto risks

Global financial regulators and the International Monetary Fund on Thursday set out a roadmap to coordinate measures that stop cryptoassets from undermining macroeconomic and financial stability. Such risks are exacerbated…

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Mastercard, Binance to end crypto card partnership

Mastercard and crypto exchange Binance will end their four crypto card programmes in Argentina, Brazil, Colombia and Bahrain as of Sept. 22, a spokesperson for Mastercard said via email on…

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Instagram, YouTube, TikTok, Twitter target of EU crypto advertising complaint

By Foo Yun Chee BRUSSELS, June 8 (Reuters) - Meta Platforms' Instagram, Alphabet's YouTube, TikTok and Twitter could face regulatory action after European consumer group BEUC complained to the European…

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UK to curb crypto advertising with ‘cooling off’ periods, risk warnings

New crypto marketing rules to come into force on Oct. 8-FCA "Refer a friend" bonuses to be scrapped Crypto to carry clear risk warnings LONDON, June 8 (Reuters) - British…

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Watchdog proposes first set of global rules for crypto sector

International securities watchdog IOSCO on Tuesday proposed the first global approach to regulating cryptoasset markets, applying lessons from the collapse last year of FTX exchange that raised concerns over consumer…

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EU states approve world’s first comprehensive crypto rules

European Union states on Tuesday gave the final nod to the world's first comprehensive set of rules to regulate cryptoassets on Tuesday, piling pressure on countries such as Britain and…

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Crypto stocks fall after Binance halts bitcoin withdrawals for hours

May 8 (Reuters) - Shares of crypto currency- and blockchain-related companies fell in premarket trading on Monday after Binance halted its bitcoin withdrawals for several hours due to heavy volumes…

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Dubai crypto regulator awards first broker-dealer MVP operational license

DUBAI, May 1 (Reuters) - BitOasis, a Middle East-focused crypto exchange based in the United Arab Emirates, has received the first broker-dealer minimum viable product operational license from Dubai's crypto…

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US regulator sues top crypto exchange Binance, CEO

The world's biggest crypto exchange Binance and its CEO and founder Changpeng Zhao have been sued by the Commodity Futures Trading Commission (CFTC) for operating an "illegal" exchange and a…

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Cryptoverse: Hooked on growth, bitcoin investors turn to smart tokens

For investors living on the digital edge, bitcoin is starting to look a little old-fashioned. Hooked on high growth, some are turning away from the original cryptocurrency - designed as…

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Investors pull around $6 billion out of Binance’s stablecoin

Binance's stablecoin, Binance USD, has seen around $6 billion of outflows following a U.S. regulatory crackdown on the company that issues the token, according to market tracker CoinGecko. Paxos Trust…

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IMF says banning crypto should be an option

BENGALURU, Feb 25 (Reuters) - There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a…

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Cryptoverse: Is bitcoin out of the woods?

(Reuters) - Have bitcoin and ether finally turned a corner? It's looking that way, if crypto options traders are anything to go by. The volume of bitcoin options traded on Deribit, one…

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UK watchdog warns crypto firms to prepare for advertising rule change

LONDON, Feb 6 (Reuters) - Britain's financial watchdog warned crypto businesses on Monday to get ready for a rule change on advertising later in the year, warning that any breaches…

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New York’s financial regulator takes aim at firms co-mingling crypto funds

New York’s chief financial regulator is set to release new guidance on Monday dictating that companies separate customers' crypto assets from their own, after alleged co-mingling of funds at collapsed crypto exchange FTX and its affiliated…

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Crypto contagion deepens: Coinbase to slash nearly 1,000 jobs

Coinbase Global Inc said on Tuesday it will reduce its workforce by about 950 employees as part of a restructuring plan, in a third round of layoffs for the cryptocurrency…

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Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuit

The crypto industry's woes continued this week as plunging deposits, layoffs and a lawsuit added to the tumult of 2022, which was dominated by sinking prices and high-profile bankruptcies. The…

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Binance withdrawals hit $1.9 bln in 24 hours, data firm says

LONDON, Dec 13 (Reuters) - Binance has registered $1.9 billion of withdrawals in the past 24 hours, blockchain data firm Nansen said on Tuesday, as the world's biggest crypto exchange said it…

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Crypto lender BlockFi files for bankruptcy

ajor cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it said on Monday, the latest crypto casualty to follow the spectacular collapse of the…

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Two Estonian citizens arrested in $575 million cryptocurrency fraud, money laundering scheme

Two Estonian citizens were arrested in Tallinn, Estonia, on an 18-count indictment for their alleged involvement in a $575 million cryptocurrency fraud and money laundering conspiracy, the U.S. Justice Department…

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FTX bankruptcy filings in, French central bank wants quick regulation

Collapsed crypto exchange FTX outlined a "severe liquidity crisis" in official bankruptcy filings released on Tuesday, as regulators opened probes and called for the faster implementation of rules for the…

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FTX collapse being scrutinised by Bahamas investigators

Nov 13 (Reuters) - The collapse of FTX is the subject of scrutiny from investigators in the Bahamas, who are looking at whether any "criminal misconduct occurred," the Royal Bahamas Police said…

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Regulators propose first global rules before ‘crypto winter’ thaw

Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed on Tuesday in their first global rules as a "crypto winter" wiped $2 trillion off the…

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Lawyer of alleged crypto launderer urges Russia to discuss prisoner swap – letter

The lawyer of a Russian man accused of laundering more than $4 billion through the digital currency bitcoin urged Moscow on Monday to begin negotiations with the United States to…

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Singapore-based crypto lender Hodlnaut suspends withdrawals

Hodlnaut, a Singapore-based crypto currency lender and borrower, has suspended withdrawals, swaps and deposits, the company said on Monday, the latest sign of stress in the cryptocurrency industry. The crypto lender also said it would…

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Crypto lender Voyager files for bankruptcy

July 6 (Reuters) - Voyager Digital VOYG.TO said on Wednesday it had filed for bankruptcy, a week after the crypto lender suspended withdrawals, trading and deposits to its platform as it sought additional time…

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Singapore-based crypto lender Vauld suspends withdrawals

HONG KONG, July 4 (Reuters) - Singapore-based crypto lending and trading platform Vauld said on Monday it would suspend withdrawals and trading and seek new investors, the latest sign of stress in…

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Bitcoin falls below $19,000, further shaking crypto markets

(Reuters) - Bitcoin dropped 6.1% to $18,866.77 at 2004 GMT on Thursday, putting the biggest and best-known cryptocurrency down $1,226.41 from its previous close and down 60.9% from the year's high of $48,234 on March 28.…

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Binance scores Cristiano Ronaldo as partner for NFT push

Binance, the world's biggest cryptocurrency exchange by trading volumes, said on Thursday it has signed a partnership with Cristiano Ronaldo for the promotion of non-fungible tokens (NFTs). As part of…

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Crypto’s latest meltdown leaves punters bruised and bewildered

For Jeremy Fong, U.S. crypto lender Celsius was an ideal place to stash his digital currency holdings - and earn some spending money from its double-digit interest rates along the way. "I…

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Binance U.S. exchange sued by crypto investor over stablecoin collapse

Binance U.S. and its CEO were sued on Monday by a U.S. investor who alleges the cryptocurrency exchange falsely marketed Terra USD as a safe asset ahead of the so-called…

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How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers

In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of…

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Crypto assets are ‘worth nothing,’ says ECB’s Christine Lagarde

European Central Bank President Christine Lagarde is making no bones about her feelings toward the value of crypto assets — namely, there isn't any. "I have said all along the…

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Panama passes bill to permit use of crypto assets

PANAMA CITY, (Reuters) - Lawmakers in Panama's National Assembly approved a bill to regulate the use and commercialization of crypto assets in the Central American country renowned as a hub of offshore…

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India’s crypto exchanges block deposits via state-backed system, stir alarm

NEW DELHI, April 13 (Reuters) - Big Indian crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the purchase of cryptocurrency using a widely-used state-backed transfer system, spurring users to…

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EU targets crypto wallets in latest round of Russia sanctions

LONDON, April 8 (Reuters) - The European Union on Friday targeted crypto wallets, banks, currencies and trusts in its fifth package of sanctions on Russia in a bid to close potential loopholes…

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Crypto exchange Binance among investors to bail out victims of $615 mln heist

LONDON, April 6 (Reuters) - Crypto exchange Binance is leading investors' contribution to a bailout of victims of a $615 million digital coin theft, the company targeted in the heist said on…

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Indonesia to impose VAT, income tax on crypto assets from May

JAKARTA, April 1 (Reuters) - Indonesia plans to charge value-added tax (VAT) on crypto asset transactions and an income tax on capital gains from such investments at 0.1% each, starting from May…

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EU lawmakers set to tighten up on crypto transfers

LONDON, March 31 (Reuters) - European Union lawmakers were set on Thursday to back tougher safeguards for transfers of bitcoin and other cryptocurrencies, in the latest sign that regulators are tightening up…

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Global regulators monitor crypto use in Ukraine war

LONDON, March 21 (Reuters) - Global financial regulators are closely scrutinising the use of cryptoassets during the war in Ukraine after concerns they could be used to evade Western sanctions on Russia.…

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Crypto assets are helping illegal activity, BoE’s Bailey says

Bank of England Governor Andrew Bailey said that the rise of crypto assets was helping illegal activity. "I'm afraid that the advent of digital means of payment, and in particular…

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Swedish watchdog says to investigate crypto trading firms

STOCKHOLM, Oct 21 (Reuters) - Sweden's Financial Supervisory Authority (FSA) said it would investigate how firms which trade crypto-currencies implement regulations aimed at preventing money laundering and the financing of…

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U.S. probes possible insider trading at Binance – Bloomberg News

Sept 17 (Reuters) - U.S. officials are examining possible insider trading and market manipulation at Binance, Bloomberg News reported on Friday, potentially adding more heat to the cryptocurrency exchange that…

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Midday Dispatch – Corporate and Financial News

Donald Trump has launched a stinging attack on cryptocurrencies, including Facebook’s proposed Libra coin, and warned that the social media network might be subject to full banking regulation if it…

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European Police smash massive online trading scam

Police from across Europe have smashed a massive online trading scam. A key suspect of the €100 million scam has been arrested in Bulgaria. German investigators worked with law enforcement…

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