Money

German authorities recently seized nearly 250,000 euros and 13 crypto ATMs during a nationwide crackdown on unlicensed cryptocurrency machines. The operation, led by the Federal Financial Supervisory Authority (BaFin), aimed to strengthen regulatory oversight in Germany’s rapidly expanding crypto sector. On August 20, officials targeted 35 locations where crypto ATMs were allegedly operating without proper
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The Indian government is gearing up to implement comprehensive regulations for the cryptocurrency sector, as reported by local media on August 22. This move signifies a significant step towards establishing a regulatory framework for digital currencies in the country. The upcoming plan involves releasing a consultation paper in the coming weeks to gather feedback from
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German authorities recently carried out a coordinated nationwide operation aimed at curbing unlicensed activities within the country’s rapidly expanding crypto market. The operation, spearheaded by the Federal Financial Supervisory Authority (BaFin), resulted in the confiscation of $28 million in cash and 13 crypto ATMs. This action underscores Germany’s commitment to mitigating the risks associated with
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In a recent announcement, Binance, the leading cryptocurrency exchange in terms of trading volume, revealed that it successfully prevented over $2.4 billion in potential user losses from scams and frauds in the first seven months of 2024. The exchange reported that a significant portion of these averted losses, approximately $1.1 billion, were related to withdrawals
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Recently, liquidators representing Three Arrows Capital (3AC) have taken legal action against TerraForm Labs, a bankrupt digital assets company co-founded by Do Kwon. The liquidators are alleging that TerraForm Labs engaged in market manipulation, specifically affecting the prices of Luna and TerraUSD. This alleged manipulation resulted in inflated prices for these tokens, which ultimately led
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Crypto exchange Gemini co-founder Tyler Winklevoss’ recent comments regarding the “reset” of Vice President Kamala Harris’ stance on cryptocurrencies have stirred up quite a controversy in the industry. Winklevoss labeled Harris’ actions as a “scam” in a post on Friday, accusing the Federal Reserve of tightening its grip on the crypto sector. While his concerns
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The recent regulatory action taken by the US Federal Reserve against Customers Bank has raised concerns within the crypto community. The Fed found that the bank violated various financial regulations, including the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations due to its involvement with digital assets. As a
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