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FINTECH
Kenya’s Bitcoin Boom Faces Regulatory Crossroads Amid ATM Expansion
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
2 days ago2 min read
Kenya’s Bitcoin Boom Faces Regulatory Crossroads Amid ATM Expansion
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
Crypto Market Wipeout Deepens as Bitcoin Sinks to Seven-Month Low
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’s AML Overhaul Recasts Global Expectations for Crypto Crime Prevention
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
Illicit Crypto Networks Persist Despite Penalties, ICIJ Probe Reveals
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
Federal Indictment Details How Crypto ATM Operator Allegedly Built a Multilayer Laundering Pipeline
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
UK Woman Sentenced to 11 Years for Running Billion-Dollar Cryptocurrency Laundering Network
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
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