illicit

The risks of money laundering and other related crimes have prompted Singaporean authorities to ban the use of cryptocurrencies for gambling. Singapore Parliament The US Senate has passed amendments to the Casino Control Act,…

Australia's financial regulator has expressed concern over the surge in the use of digital currency to facilitate illicit transactions. According to the 2024 National Money Laundering Risk Assessment by the Australian Transaction Reports…

Blockchain technology and artificial intelligence can be used to combat illicit activities, said Olanipekun Olukoyede, Chairman of the Nigerian Economic and Financial Crimes Commission. The stakes are high for Africa, with the continent…

Written by Elizabeth HowcroftLONDON (Reuters) - The world's largest stablecoin has stepped up monitoring of how its tokens are used in the broader cryptocurrency and payments markets in a bid to combat illicit financing, Tether said in…

While Tether (USDT), the world’s leading stablecoin, has been pivotal in facilitating transactions across the blockchain space, a recent analysis by blockchain analytics firm TRM Labs sheds light on a less desirable aspect of…

Manufacturing Dairy board impounds Sh36m illicit milk powder Friday January 12 2024 Worryingly, the Dairy Board seized a large consignment of corn starch bags, powder mixing equipment and packaging materials at the facility,…

Circle has publicly refuted allegations of improper banking relationships and financing of illicit activities in a detailed response to concerns raised by Senators Elizabeth Warren and Sherrod Brown. The Nov. 30 letter, crafted by Circle’s…

The landscape of cryptocurrency is evolving rapidly, with innovative networks like Tron gaining traction for their efficiency and cost-effectiveness. However, a concerning trend has emerged as these platforms become unwitting channels for…

© Reuters. FILE PHOTO: Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Chris Prentice, David…

U.S. President Joe Biden and China’s Xi Jinping emerged Wednesday from their first face-to-face meeting in a year vowing to stabilize their fraught relationship and showcasing modest agreements to combat illegal fentanyl and re-establish…