Sunday, July 25

Crypto Regulation

crypto, Crypto Regulation, cryptocurrency crime, Hong Kong, hong kong crypto, Markets, MI Exclusive, Money Laundering, Tether

Hong Kong police arrest four over alleged $155 million Tether money laundering scheme

Regulators are paying close attention to the crypto world. Cesc Maymo/Getty Images Hong Kong authorities arrested four men over an alleged $155 million money laundering scheme, according to reports. The men, aged between 24 and 33, had made transactions in Tether on a trading platform, officials said. Cryptocurrencies have long been used in crime, as they can provide anonymity and be hard to trace. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Hong Kong customs authorities have arrested four people in connection with a suspected $155 million money laundering scheme using the cryptocurrency Tether.According to reports in Bloomberg and local media, four men aged between 24 and 33 were arrested in an operation called "Coin Breaker."Hong Kong customs offic...
Bitcoin, bitcoin regulation, China bitcoin, Crypto Regulation, Cryptocurrency Regulation, Markets, MI Exclusive, SEC, Weekend BI UK

Tighter regulation will boost cryptocurrencies by tackling’unholy’ activity, a finance law professor says

Regulation will boost crypto by weeding out "unholy" criminal activity, a law professor has said. Emilios Avgouleas said tougher rules may be bad for crypto prices in the short run, however. China is among the states cracking down on bitcoin, while the US's SEC is taking a close interest. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Tighter regulation of cryptocurrencies will benefit the industry in the long run by tackling "unholy" criminal activity and making digital tokens more legitimate, a finance law professor has said.Yet, regulations may hit the value of cryptocurrencies such as bitcoin in the s...
Crypto Regulation, decentralized finance, DeFi, DeFi regulation, Markets, MI Exclusive, Mike Novogratz

Crypto billionaire Mike Novogratz says DeFi networks need to tighten their security before regulators come knocking

LoadingSomething is loading. Cryptocurrency billionaire Mike Novogratz has said decentralized finance, or DeFi, networks need to tighten their security and "play by the rules" if the industry is to thrive, and that regulators are increasingly focused on the space.Novogratz on Wednesday tweeted some advice for DeFi networks, saying: "Invest in a compliance layer now or pay the piper ...