Crypto played little part in Hamas terror financing — US Treasury
Palestinian militant groups, including Hamas, still prefer “traditional products and services,” says U.S. Treasury official Brian Nelson.
Palestinian militant groups, including Hamas, still prefer “traditional products and services,” says U.S. Treasury official Brian Nelson.
The crypto custody and trading platform was cleared for a $150 million shelf offering just a week after declaring its ability to continue as a “going concern.”
The European Court of Human Rights argued there were other ways to monitor encrypted communications that wouldn’t open innocent users up to danger.
According to PANews, the Japanese Financial Services Agency (FSA) is urging the country's financial institutions to strengthen their monitoring of illegal transfers to cryptocurrency exchange providers. The Japanese National Police Agency's analysis concluded that the damage caused by fraud related to illegal remittances is primarily due to the use of cryptocurrency transfers. The FSA encourages financial institutions to further enhance user protection based on risk. Specifically, the FSA suggests that 'if the sender's name is different from the account name, financial institutions should stop transferring to cryptocurrency asset exchange service providers.'
According to Cointelegraph: Adam Colin Todd, CEO of the Digitex Futures exchange, has been indicted by the United States Attorney’s Office for the Southern District of Florida for violating the Bank Secrecy Act (BSA). The indictment, issued on February 12, accuses Todd specifically of failing to establish and implement an adequate Anti-Money Laundering (AML) program, including the necessary Know Your Customer (KYC) program. According to the accusation, Todd operated an unregistered futures platform from January 2018 to April 2022 and willfully neglected to set up required AML measures. Because of this failure, it's suspected that the platform was open to misuse for money laundering and other illicit activities. The indictment further notes that Todd publicly refused to implement KYC policies for Digitex Futures, which could result in a sentence of up to five years if convicted. The Federal Bureau of Investigation (FBI) Miami investigated the case, led by Assistant U.S. Attorney Trevor Jones. Todd's violation of the BSA, a crucial law in combating financial crimes, is considered a serious offense. The Act compels financial institutions to retain records and report certain transactions to the Financial Crimes Enforcement Network (FinCEN). This latest charge against Todd follows a prior fine of $16 million imposed by U.S. federal court in mid-2021, for Todd's failure to register the futures exchange with the U.S. Commodity Futures Trading Commission (CFTC). In addition to this violation, the CFTC also accused Digitex of manipulating the price of its native DGTX token. Consequently, Todd and four companies under his control were banned from trading in any CFTC-regulated markets and required to pay a $3,912,220 disgorgement and an $11,736,660 civil monetary penalty.
Filings suggested that Genesis Global Holdco held roughly $1.6 billion worth of shares of Grayscale Bitcoin Trust, Grayscale Ethereum Trust and Grayscale Ethereum Classic Trust.
Citi partnered with other traditional financial institutions to simulate operations. More development is needed.
Former Representative Sean Patrick Maloney reportedly sent a letter to Senator Elizabeth Warren claiming he would recuse himself from crypto-related policy decisions at the OECD.
Security Alliance was spearheaded by the head of Paradigm security and offers good hackers the chance to work with companies according to preset rules.
An unofficial tally reportedly showed Prabowo Subianto and Gibran Rakabuming Raka winning Indonesia’s presidential ticket with roughly 58% of the vote.