Tag: financial crime

Crypto's Compliance Conundrum Insufficient FATF Adoption Masks Rising Illicit Activity

Crypto's Compliance Conundrum Insufficient FATF Adoption Masks Rising Illicit Activity

• Regulation

Global efforts to combat money laundering and illicit activities in the cryptocurrency space face significant hurdles due to the insufficient adoption of the Financial Action Task Force (FATF) Travel Rule. The Travel Rule came into effect in 2019. It mandates that Virtual Asset Service Providers (VASPs) like cryptocurrency exchanges collect...

Secret Service Busts Pig Butchering Site: $4.5M Stolen!

Secret Service Busts Pig Butchering Site: $4.5M Stolen!

• Facts

The U.S. Secret Service recently took down a sophisticated "pig butchering" scam operation, recovering a staggering $4.5 million in stolen funds. Particularly in light of this bust, we want to emphasize the growing peril of these scams. They use romance, investment fraud, and psychological manipulation to swindle unsuspecting victims out...

Further Reading

Japan's "New Capitalism 2025" Plan Signals Regulatory Embrace of Bitcoin and Web3

Japan is strategically positioning itself as a global leader in digital innovation with its updated "New Capitalism 2025" plan, released on April 13. Taken together, this plan represents a major regulatory turning point event toward welcoming Bitcoin and Web3 technologies. The initiative aims to leverage digital assets to solve social...

Senate Republicans Forge Ahead on Crypto Market Structure Framework

Republican senators working on a new framework for digital assets legislation, riding the positive bipartisan wave in the Senate as of late. This announcement follows the Senate’s passage of a bill to regulate stablecoins last week. It was passing with overwhelming bipartisan support.Senators Tim Scott, Cynthia Lummis, Thom Tillis, and...

Trump Jr. at KBW2025: Web3's Mainstream Moment?

Donald Trump Jr.’s scheduled keynote address at KBW2025 is raising eyebrows and inspiring intense discussion across the Web3 ecosystem. He’s just a high-profile guy shaking things up in the crypto world. His presence further exemplifies the increasing importance of blockchain technology and its potential to revolutionize the traditional economy. Does...

Civitas Goes Immutable: Faster, Cheaper, and Gas-Free Trading!

Civitas is making a massive leap into the future of blockchain gaming, so join us! As an official partner of Immutable’s, our competitive game officially migrated from Ethereum to the Immutable zkEVM. This change will transform the Civitas experience for players all over the world. This new transition brings with...

Kazakhstan's Solana Zone: Web3 Oasis or Regulatory Mirage?

Kazakhstan is taking an ambitious step in the global Web3 race with its new Solana Economic Zone (SEZ). The SEZ is a controlled experimentation space. It seeks to establish a fertile environment for real-world crypto adoption and incubate new Web3 projects. The initiative is intended to mirror the success of...

MiCA Fuels Crypto Migration as US Regulatory Uncertainty Persists

The European Union’s Markets in Crypto-Assets (MiCA) regulation is quickly altering the global cryptocurrency playing field. With its promise of clarity and a unified regulatory framework, MiCA is attracting major crypto platforms and investors, while the United States grapples with regulatory ambiguity. This change is causing a huge exodus of...

MiCA's Masterstroke: Europe Steals Crypto's US Crown?

The state of global cryptocurrency regulation is quickly evolving. Europe is emerging as a global leader, inspired by the new Markets in Crypto-Assets (MiCA) framework. According to Marcin Kowalczyk, an international blockchain regulatory analyst, MiCA’s all-encompassing approach is luring crypto businesses and investments to Europe. This is in sharp contrast...

NFT Sales Dip? Bitcoin & Solana NFTs Buck the Trend!

While the NFT market has been subject to historic booms and equally dramatic busts, new statistics show an unexpected turn. Overall NFT market sales are down, but Bitcoin and Solana NFTs are surging, with Ethereum-based NFT sales on the decline. DeliciousNFT.com is here to break down what's happening and what...