WazirX Under Investigation by India’s Enforcement Directorate – BeInCrypto

Indian crypto exchange WazirX is under investigation by the country’s Enforcement Directorate (ED) for suspected violation of foreign exchange regulations.
The ED said the exchange’s suspected violation of the country’s Foreign Exchange Management Act involved transactions worth 27.

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UK Regulator Extends Registration Deadline as Companies Fail AML Test – BeInCrypto

The U.K.’s Financial Conduct Authority (FCA) is extending the deadline for its Temporary Registrations Regimes (TRR) until March 2022.
The TRR is intended for crypto asset firms that registered with the regulator before December 2020.

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CipherTrace Reports Decrease in Crypto Crime Since Beginning of the Year – BeInCrypto

CipherTrace’s latest report on cryptocurrency and blockchain security showed a marked fall in crypto crime through April of this year.
CipherTrace found that losses from cryptocurrency theft, hacks, or fraud have fallen considerably since January.

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ING Report Advocates Best of Both Worlds Approach to DeFi Integration – BeInCrypto

Despite a purported divide between traditional finance and decentralized finance (DeFi), both paradigms could benefit global finance through mutual cooperation, according to a white paper from ING.
The white paper begins by defining decentralized finance.

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AllianceBlock Partnership With GBG Seeks to Streamline DeFi KYC – BeInCrypto

Globally compliant decentralized capital market AllianceBlock and identity data intelligence specialist GBG have announced a strategic agreement, which seeks to facilitate KYC in decentralized finance (DeFi).

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Crypto Ransomware Epidemic Attracts Potential Financial Regulatory Clampdown – BeInCrypto

A panel consisting of government officials and crypto industry experts is expected to call for more aggressive regulation on bitcoin (BTC) and other cryptocurrencies. This is in light of the growing prevalence of ransomware attacks.

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Dirty Bitcoins: How to Conduct an Anti-Money Laundering Check on Your Crypto – BeInCrypto

Some researchers say that over 40% of all bitcoin (BTC) transactions are linked to crime. Owning “dirty” coins can get you in serious trouble, even if you didn’t participate in any illegal activity.

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As FCA Warns UK Crypto Investors, HSBC Halts Transfers – BeInCrypto

Citizens of the United Kingdom involved in cryptocurrency were hit with two doses of negative news today.

The Financial Conduct Authority (FCA) has issued a statement warning cryptocurrency investors that “they should be prepared to lose all their money.

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