DOJ charges KuCoin and founders for AML violations, alleging unlicensed money transmitting business. Legal scrutiny triggers market decline in KCS token value.
EdmundA report by Bitrace reveals money laundering's effect on stablecoin prices, particularly USDT, outlining two distinct scenarios - "upward" and "downward." Tether collaborates with the FBI, while U.S. law seeks to protect digital asset users.
Huang BoTaiwanese cryptocurrency exchange Bitgin is currently under investigation for alleged money laundering activities. The focus of the inquiry revolves around the arrest of Yuting Zhang, the company's Chief Operating Officer, implicated in the "Eighty-Eight Guild Hall" money laundering case.
JasperOne of the founders has been arrested, while the other one remains at large.
ClementAn emerging compromise may subject those who govern decentralized autonomous organizations to extra requirements.
CoindeskJapanese regulators are set to introduce new remittance laws that will bar criminal entities from using crypto exchanges to launder money.
FinboldChinese law enforcement broke up a money laundering operation that used the digital yuan and involved 200 million yen.
BeincryptoBeincryptoBinance wrote that media allegations were fabricated by interested parties to “mislead the public.”
CointelegraphBinance wrote that the allegations made by the media outlet are created by interested parties to “mislead the general public.”
Cointelegraph