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DeFi KYC Money Laundering Regulations

Regulatory risks grow for DeFi as a ‘money laundering haven’

DeFi could fall under regulatory pressure if it is seen as a haven for money laundering. The rapid growth in decentralized finance and yield farming is likely to attract greater regulatory attention according to a recent report.A joint research paper by global management consulting firm BCG Platinion and Crypto.com has indicated that the rapid growth […]

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Cybersecurity Money Laundering North Korea Politics Regulation Sanctions United States

US Government Sanctions Two Chinese Nationals in Connection With Lazarus Group Hack

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 […]

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BitShares Blockchain cryptocurrency exchange Decentralized Exchange Dex Money Laundering Privacy

BitShares DEX Gateway CryptoBridge Implements Mandatory KYC for Users

CryptoBridge, a gateway for decentralized exchange BitShares, announces that as of this month its users will have to undergo mandatory identity checks. BitShares Decentralized Exchange (DEX) gateway CryptoBridge announced on Oct. 1 that it has implemented mandatory user Know Your Client (KYC) verification.European regulation is responsiblePer the announcement, the reason for the upcoming mandatory KYC […]