In a development aimed at combating crypto-related crime, law enforcement agencies in the UK have been granted enhanced powers to seize cryptocurrency assets more easily. With the implementation of new rules that came into effect today (26 April), authorities will no longer be required to await an arrest before confiscating crypto holdings. The UK Home
The British government is reportedly readying legislation for stablecoins and crypto staking, exchange and custody. “We are now working at pace to deliver the legislation to put our final proposals for our regime in place,” said Economic Secretary Bim Afolami, whose comments Monday (April 15) at the Innovate Finance Global Summit were reported by CoinDesk. “Once it goes
Cryptocurrency is increasingly becoming a safe haven for “malign actors” such as terror groups. That’s according to testimony Tuesday (April 9) by U.S. Treasury Deputy Secretary Wally Adeyemo, who spoke before the Senate Banking Committee. “Our problem is that actors are increasingly finding ways to hide their identities and move resources using virtual currency,” Adeyemo
As of last June, most of the world’s governments hadn’t begun regulating the cryptocurrency sector. That’s according to a new report by the Financial Action Task Force (FATF), whose president told CoinDesk Thursday (March 28) that this low level of response — with under 30% of the world’s jurisdictions regulating crypto — requires a “call to
The EU has introduced a new directive that outlaws transactions using anonymous, privately managed crypto wallets for any transaction value. A European Parliament representative revealed that the directive received approval from the majority of the EU Parliament’s leadership committee on Thursday. This latest regulation, aimed at combating money laundering, sets limits on cash transactions and
(Photo by Lokman Vural Elibol/Anadolu via Getty Images) Anadolu via Getty Images 2023 was quite a turbulent year for the digital asset industry, with the ongoing saga of FTX, Silicon Valley Bank collapse, massive fines and penalty of Binance, among others. The corner seems to be turning and 2024 is kicking off with great momentum