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The scale of cryptocurrency-enabled investment fraud operating from overseas scam centres has come into sharper focus after the U.S. Financial Crimes Enforcement Network identified approximately $12.7 billion in suspicious activity associated with digital asset investment scams. The analysis, based on 33,904 suspicious activity reports filed between September 2023 and January 2026, illustrates how fraud networks operating outside the United States have developed increasingly

Russia’s largest lender, Sberbank, is moving closer to launching loans secured by cryptocurrency and said on Friday that it is ready to work alongside the country’s central bank to help develop the regulatory framework required for such products, according to Reuters. The bank has already carried out an initial test of the model, having issued the country’s first bitcoin-backed loan in January to one of Russia’s largest bitcoin mining firms, IntelionData. Sberbank described t

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