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The Korea Customs Service has successfully dismantled a major criminal network that laundered 148.9 billion won through unauthorized digital asset transfers, authorities confirmed. Investigations revealed that three Chinese nationals orchestrated the elaborate scheme by exploiting domestic bank accounts and international cryptocurrency platforms between September 2021 and June of the previous year. The suspects have been referred to the prosecution for serious violations of t

Nigeria has embarked on a sweeping overhaul of how digital assets are monitored, embedding national identification numbers directly into crypto systems to strip away the anonymity that once protected bad actors. The push arrives alongside the Nigeria Tax Administration Act 2025, which compels every virtual-asset transaction to be tied to a verified, real-world identity. By synchronizing its domestic rules with the global crypto-asset reporting framework, the government intend

The global server market surged to an unprecedented $112.4 billion in revenue in the third quarter of 2025, marking a new record, according to figures from the International Data Corporation’s (IDC) Worldwide Quarterly Server Tracker.   The quarter delivered another period of robust expansion, with total vendor revenue climbing 61 per cent year-on-year compared with the same quarter in 2024. Growth was driven by strong demand across both traditional and accelerated server seg

Indian authorities have successfully brought 49 virtual digital asset service providers into the country’s formal financial reporting system during the ongoing fiscal year, marking a decisive step in tightening oversight of the cryptocurrency sector. This development follows an intensive compliance drive led by the Financial Intelligence Unit, aimed at ensuring that all crypto-related platforms function within the framework of existing transparency and anti–money laundering l

Hong Kong’s Financial Services and the Treasury Bureau, together with the Securities and Futures Commission, have concluded consultations on the introduction of new licensing regimes for virtual asset dealers and custodians, confirming that operating such businesses without a licence will constitute a criminal offence. Under the proposed framework, unlicensed activity will be punishable by a fine of HK$5 million and up to seven years’ imprisonment, marking a major expansion o

South Korea has established a high-level task force aimed at overhauling the nation’s financial transaction regulations and reinforcing the domestic framework against illicit capital flows. Authorities confirmed that entities failing to comply with reporting obligations under current legal statutes may face administrative fines of up to 100 million won for non-compliance. Officials stated that the initiative directly responds to the growing complexity of transborder financial

Lawmakers in the UK Parliament are calling on the country’s central bank to rethink its proposed regulatory approach to digital settlement assets, arguing that the current strategy could undermine Britain’s competitiveness in the fast-growing financial technology sector.   The intervention follows consultations in which regulators suggested imposing strict limits on how much digital currency individuals and businesses would be permitted to hold within the domestic market. Mem

As many in the market anticipated, cryptocurrency brokerage Coinbase Global (NASDAQ: COIN) confirmed on Wednesday that it is moving into prediction markets through a partnership with Kalshi. Speculation around Coinbase’s plans to offer prediction-style contracts has circulated for months and gathered pace last week ahead of an event held earlier today. Event contracts now form part of a wider strategic push by the company, which also includes tokenized equities, aimed at broa

Poland’s ongoing failure to implement a comprehensive legal regime for digital assets aligned with the European Union’s Markets in Crypto-Assets (MiCA) regulation has created a mounting anti-money-laundering threat, one intensified by the recent presidential veto of the enabling legislation. With this decision, Poland now stands as the lone EU member state without a MiCA-compliant framework, a position that has prompted sharp warnings from political leaders about the country’

The Financial Conduct Authority (FCA) has unveiled a new slate of growth initiatives for 2026, with a major focus on enabling UK-issued stablecoins to deliver quicker and more convenient payment options. As part of this effort, the regulator plans to open its sandbox to allow firms to test stablecoin issuance in a controlled environment, promoting both safe experimentation and forward-looking policymaking. In a letter addressed to the Prime Minister, the FCA noted that nearly

A wide-ranging fraud network built around sham crypto investment platforms and extensive money-laundering channels has been brought down following a sweeping Europol intervention, shutting off an ecosystem that had channelled more than EUR 700 million through counterfeit trading dashboards and complex cross-border blockchain movements. Coordinated raids across Europe exposed the full architecture of the operation, showing how digital anonymity, fabricated interfaces, and orga

Growing unease in the United Kingdom has focused on whether political donations made through digital assets could conceal the true financial source behind contributions. Officials argue that the country’s political finance rules must be updated to confront vulnerabilities that did not exist when the current framework was drafted. Scrutiny intensified after a major political party began accepting digital tokens from supporters early in 2025, triggering debate over transparency

Speaking in Rome on November 28, 2025 at the UIF Bocconi Workshop on economic crime, Paolo Angelini, Deputy Director General of the Bank of Italy, delivered a detailed examination of how rapid shifts in digital finance are transforming the mechanics of illicit money movement, creating operational blind spots that European authorities are struggling to close. He argued that the accelerating adoption of digital tools by criminals has outpaced the regulatory frameworks meant to

NICE Actimize’s move to seek a buyer marks a major shift within the financial crime technology sector, drawing renewed scrutiny toward how valuation expectations correspond with long-term performance indicators. The division is exploring strategic alternatives during a phase defined by uneven financial results, tighter capital conditions, and an evolving set of corporate priorities. This process reinforces how historical profitability, contributions to group performance, and

Nairobi’s bustling streets are now echoing with more than just the rhythm of daily life; they resonate with the hum of Bitcoin adoption, as “Bankless Bitcoin” ATMs appear in popular shopping centers. These machines represent more than a technological advance—they are a lifeline for many, enabling cash-to-crypto conversion in spaces traditionally dominated by conventional banking. Yet, beneath this surge in accessibility lies a stark reality: regulatory uncertainty threatens t

The cryptocurrency market’s dramatic downturn accelerated on Wednesday, with Bitcoin sliding to a seven-month low and pushing total losses across digital assets beyond the $1 trillion mark.   The world’s largest cryptocurrency dropped to $88,522, inflicting fresh pain on investors ranging from retail traders buying the dip to institutional digital asset firms whose valuations have been rapidly eroding.   A modest rebound followed after Nvidia delivered strong earnings, easing

Binance is redefining global assumptions about crypto crime controls after newly released figures showed a steep decline in illicit activity moving through the exchange. What many once considered an improbable shift has now positioned Binance as a leading case study in large-scale AML transformation, having pushed criminal exposure to levels rarely observed across digital trading platforms. The findings have generated significant global attention because the exchange handles

A new wave of reporting by the International Consortium of Investigative Journalists (ICIJ) indicates that bad actors have been able to channel vast sums of cryptocurrency through exchanges, brokers, and off-ramp services, with similar laundering behaviors recurring even as several platforms operated under U.S. sanctions, plea agreements, or the oversight of court-appointed monitors. ICIJ’s project, titled “The Coin Laundry,” highlights a widening gap between the data permane

A newly unsealed federal indictment lays out an intricate money laundering conspiracy that used cryptocurrency ATMs, cash deposits, and fast digital-asset transfers to move illicit proceeds across borders under the guise of legitimate business operations. At the center of the case is Firas Isa and his Chicago-based company, Virtual Assets LLC—known commercially as Crypto Dispensers—presented by prosecutors as a clear example of how crypto-enabled laundering can be embedded in

A 47-year-old woman in the United Kingdom has been sentenced to 11 years in prison after authorities uncovered her role in controlling a vast cryptocurrency laundering operation tied to an international investment fraud. Investigators found that she attempted to convert billions in digital assets into luxury properties, jewelry, and cash, using complex schemes to disguise the true source of the funds. According to law enforcement, the woman spent several years amassing large