Chinese Fentanyl Labs Sell Opioid Precursors Overseas for Cryptocurrencies, Reveals Elliptic
According to analytics company Elliptic, more than 90 Chinese chemical laboratories that make the opioid analgesic fentanyl sell it in bulk overseas, accepting payment in bitcoin and stabelcoin USDT. Elliptic researchers analyzed some of the cryptocurrency addresses with ...
Pakistan Announces Plans to Completely Ban Cryptocurrencies
Powers have called this asset class "common fraud." The country is not willing to risk FATF "white" status for a questionable market Pakistan was removed from the "gray list" of rogue states in October 2022 The Standing Committee on Finance met Tuesda ...
Binance Responds to Reuters’ Claims of Terrorist Ties
The management of the cryptocurrency exchange Binance commented on a recent article by Reuters news agency about the Israeli authorities blocking 190 accounts of the exchange with ties to terrorists. Reuters recently published an article citing a document by Israel's Nation ...
Hong Kong Legislative Council Announces New Licensing System for Virtual Asset Providers
These are based on suggestions from market participants The authorities have received 150 appeals on the issue The Hong Kong Legislative Council will restart the crypto-trading market starting June 1. They have adopted a new licensing system (VASP) for virtual as ...
EU lawmakers approve limit on crypto transactions for unverified users in fight against money laundering
MEPs have taken a significant step towards combating money laundering, terrorist financing, and sanctions evasion by approving a cap of 1,000 euros on unverified user crypto transactions. The European Parliament issued a press release stating that the new bill establishes a "single set of rules" ...