Scammers prefer banking customers over crypto investors in Ireland: Report
To date, Irish authorities managed to recover approximately 4 million euros of the 20 million euros lost in banking scams since January 2023.
To date, Irish authorities managed to recover approximately 4 million euros of the 20 million euros lost in banking scams since January 2023.
The $5-billion estimation is based on three major seizures linked to the Bitfinex hack and Silk Road, meaning the actual holdings could be much larger.
Australian crypto exchanges have largely praised the Treasury’s latest proposal to place crypto exchanges under the existing financial services license regime, though some worry it could put the crypto industry into a TradFi-shaped box.
Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license.
According to Odaily: Reacting to the rising fraudulent incidences within the financial sector, the Hong Kong Monetary Authority (HKMA) has taken a proactive approach. The regulator noted that it received 954 bank-associated fraud complaints within the first nine months of 2021, significantly outpacing the total of 555 cases filed in the previous year. In the wake of these reportings, the HKMA issued a notice to banks yesterday, mandating the allocation of ample resources and specialized personnel to ensure the implementation of crucial cooperative measures targeting fraud prevention. These measures span three key areas: information sharing, transaction monitoring, and customer warnings. In the coming two months, HKMA plans to integrate warnings within the Faster Payment System (FPS), designed to alert users to the possibilities of transferring funds to precarious accounts. This move underscores HKMA's commitment to bolstering sector-wide security and protecting customers' financial assets.
The Australian Treasury’s newly released consultation paper will require crypto exchanges to apply for financial services licence from the local financial regulator.
A hook that enables Know Your Customer verification on Uniswap v4 pools is fueling debates about DeFi’s future.
The bill will mandate cryptocurrency firms to adhere to licensing requirements, maintain financial records and provide regulators with the authority to conduct audits.
Coinbase chief legal officer Paul Grewal has once again called for a mandamus to compel the SEC to respond to the firm’s crypto rulemaking petition.
A 75-minute recording obtained by Cointelegraph shows the exact moment former Alameda Research CEO Caroline Ellison told employees about their use of FTX customer deposits.