US Treasury targets NFTs for potential high-value art money laundering

US Treasury targets NFTs for potential high-value art money laundering

The U.S. Department of the Treasury released a study on the high-value art market, highlighting the potential in the nonfungible tokens (NFT) space to conduct illicit money laundering or terror financing operations.... Read more »
Binance Turkey fined 8M lira for non-compliance against money laundering

Binance Turkey fined 8M lira for non-compliance against money laundering

The Financial Crimes Investigation Board (MASAK) has fined Binance Turkey 8 million lira (nearly $750,000) after the crypto exchange failed the financial watchdog’s audit for monitoring Anti-Money Laundering (AML) compliance.  The Financial... Read more »
WonderFi and Animal Capital to Launch "Money Goals"

WonderFi and Animal Capital to Launch “Money Goals”

Vancouver, British Columbia – December 7, 2021 – WonderFi Technologies Inc. (NEO: WNDR)(OTC:WONDF)(the “Company” or “WonderFi”) today announced the launch of “Money Goals”, a financial literacy initiative in partnership with Animal Capital... Read more »
3 reasons why DeFi users are bullish on Abracadabra, Magic Internet Money and SPELL

3 reasons why DeFi users are bullish on Abracadabra, Magic Internet Money and SPELL

Stablecoins and their use in decentralized finance (DeFi) have played a key role in the 2021 cryptocurrency bull market because allow investors to participate in the ever-growing number of protocols that offer... Read more »
China Reports First CBDC Money Laundering Case

China Reports First CBDC Money Laundering Case

Key Takeaways Chinese officials have cracked down on a criminal group connected to a money laundering charge. The group scammed a person for 200,000 yuan (about $32,000) and used a digital yuan... Read more »