Latest News for: Offshore crypto exchange

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Court Hands Down Three-Year Sentence to Engineer in Nirvana Hacking Case

Cryptopolitan 13 Apr 2024
... earnings from the Solana blockchain to the Ethereum blockchain, converting the stolen profit into Monero, using offshore crypto exchanges, and using crypto mixing services such as Samourai Whirlpool.
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Committee on Banking, Housing, and Urban Affairs hears claims of stablecoin abuse

CryptoNewsZ 10 Apr 2024
The second proposal pitched an expansion so that authorities can cover the gap between the current system and entities that are involved in virtual asset service providers plus crypto exchanges.
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Coinbase Chief Legal Officer Calls on Congress to Pass Stablecoin Legislation

Coinspeaker 09 Apr 2024
Coinbase has been actively advocating for the regulation of the crypto market in the United States ... Adeyemo also called for expanding regulatory coverage to include virtual asset service providers (VASPs) and crypto exchanges.
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Russia’s Garantex $20B Crypto Inflow Under Probe By US and UK Authorities

CoinGape 28 Mar 2024
Unfortunately, Russia devised several backdoor alternatives including offshore oil transfers, technology exchanges via third countries, and encrypted crypto transactions.
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I was a first-time homebuyer and got scammed out of $167,000 of my life savings

Business Insider 23 Mar 2024
Pat Lawlor said he unknowingly wired criminals his six-figure downpayment ... It has been edited for length and clarity ... Let's do it!" ... His reply ... The police traced the money to an offshore crypto exchange, but it was already too late.The aftermath ... We are.
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KuCoin becomes India’s first FIU-compliant global crypto exchange

Cryptopolitan 22 Mar 2024
To be considered compliant, the FIU said that crypto exchanges must register as “Reporting Entities” with the FIU, a step that many offshore exchanges like KuCoin have neglected, thus ...
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Bitcoin Leveraged Bets Surge Amid Strong Demand for Bitcoin Futures ETFs

CoinGape 13 Mar 2024
Conversely, offshore entities frequently turn to ... Funding rates for Bitcoin perpetual futures, a critical gauge for leverage in the crypto market, remain notably high across major offshore exchanges.
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US Spot Bitcoin ETFs Coming to India From Crypto Investment Platform: Report

CryptoPotato 11 Mar 2024
spot Bitcoin exchange-traded ... The move comes amid India’s latest government action to tighten offshore crypto exchanges regulation ... Other exchanges that were shut down included OKX and Kucoin.
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Hong Kong Prepares Sweeping Rules to Foil Stealthy Crypto Purchases

Hindustan Times 27 Feb 2024
There are numerous crypto exchanges and apps based offshore that users can easily access without oversight from the government.” ... (Updates the 12th paragraph with the latest number of crypto-exchange license applicants.).
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The rise of crypto fraud in India

Cryptopolitan 18 Feb 2024
To counteract this, the government has increased its surveillance of illegal crypto trading activities and issued show cause notices to nine offshore bitcoin exchanges for violating India’s anti-money ...
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Crypto Scams Rise in India as Another Consulting Executive Faces Fraud

CoinGape 17 Feb 2024
Crypto scams in India have risen significantly in the past couple of years ... Additionally, nine offshore bitcoin exchanges previously had received a show cause notice from the Financial Intelligence Unit (FIU).
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Blockchain Group Declares ‘War’ – US Senator’s Anti-Crypto Bill Endangers National Security

Bitcoinist 15 Feb 2024
Foreign criminals could easily shift their activities to unregulated offshore exchanges, rendering DAAMLA largely ineffective in achieving its intended goals ... Blockchain Forces Mobilize Against Anti-Crypto Legislation.
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Balancing Act: The Debate Over Crypto Regulation and U.S. Innovation

Cryptopolitan 13 Feb 2024
The association posits that the increased regulatory burden would not only hamper the operations of domestic crypto firms but also push the majority of digital asset activities to less regulated offshore exchanges.
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Binance In Talks With The Indian Government To Resume Operation In India

Bitcoin World 08 Feb 2024
The world’s largest crypto exchange, Binance, is in talks with the Indian government to restore citizens’ access to the Binance mobile application and website ... Earlier, the government blocked nine offshore crypto platforms’ websites and mobile apps.
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India Maintains Controversial Crypto Tax Policy in Election Year

Bitcoin World 02 Feb 2024
While the government has not reduced the tax in the past two years, it recently took action against offshore crypto exchanges, which in turn brought crypto activity back to Indian exchanges.
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