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CRYPTOCURRENCY

South Korea May Reconsider Stance on Bitcoin ETFs
cryptocurrency

South Korea May Reconsider Stance on Bitcoin ETFs

South Korea's Presidential Office has urged the Financial Services Commission to reconsider its stance on Bitcoin ETFs, indicating a potential shift in the country's cryptocurrency regulation, following initial warnings against U.S.-based spot Bitcoin ETFs.

South Korea Tightens Regulations on Crypto Mixers Amid Money Laundering Concerns
cryptocurrency

South Korea Tightens Regulations on Crypto Mixers Amid Money Laundering Concerns

South Korea's Financial Intelligence Unit (FIU) is set to introduce new regulations targeting digital asset mixers, mirroring similar moves by the US. These measures aim to curb the use of crypto mixers for illegal money laundering.

US Government Removes Cryptocurrency AML Provisions from NDAA
cryptocurrency

US Government Removes Cryptocurrency AML Provisions from NDAA

The US government has removed two AML provisions relating to cryptocurrencies from the NDAA, indicating a cautious approach to crypto regulation and raising concerns about future AML measures.

$265M in BTC Withdrawn from Binance in 2018 Suspected of Money Laundering
cryptocurrency

$265M in BTC Withdrawn from Binance in 2018 Suspected of Money Laundering

A Bitcoin address, 1EU2pMence1UfifCco2UHJCdoqorAtpT7, has been accused of laundering $265 million through Bitcoin mixers. The transactions, which were all on-chain, have sparked debate among crypto enthusiasts.

Chainalysis Partners with US Regulators to Recover $30m from Ronin Loot
cryptocurrency

Chainalysis Partners with US Regulators to Recover $30m from Ronin Loot

Blockchain analytics and security service provider, Chainalysis has helped in the recovery of $30 million in funds stolen from the Ronin Bridge by the elite North Korean hacking outfit, Lazarus Group.

Use of Crypto Mixers Reaches ATH in 2022: Chainalysis Report
cryptocurrency

Use of Crypto Mixers Reaches ATH in 2022: Chainalysis Report

Blockchain analysis firm, Chainalysis has released a report on the doubled use of crypto mixers this year with illicit addresses responsible for about 10% of the total usage

Demand for Crypto Mixers Hits ATH, Illicit Address Activities Draws Majority
cryptocurrency

Demand for Crypto Mixers Hits ATH, Illicit Address Activities Draws Majority

The rising use of mixers in the crypto space should be a cause for concern because they are highly being utilized by cybercriminals and bad actors, according to Chainalysis.

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