The Australian Federal Police has set up a dedicated unit for tracing and seizing cryptocurrency linked to criminal activity, operating as part of its Criminal Assets Confiscation Taskforce (CACT). The national manager of the CACT, Stefan Jerga, told the Australian Financial Review that the taskforce felt a standalone team was necessary to tackle the growing use of crypto by criminals,…
Following a wave of scandals, Boris Johnson stepped down from the British premiership today and figuratively handed the keys to number 10 Downing Street to his former Foreign Secretary Liz Truss. Truss officially takes office tomorrow, having beaten former Chancellor of the Exchequer Rishi Sunak in the leadership race. While she hasn’t said much about crypto, her general beliefs about…
Russia is close to pushing legislation for the use of cryptocurrency in international trade.In current conditions “it is impossible to do without cross-border settlements in cryptocurrency,” the Bank of Russia and Ministry of Finance have reportedly agreed.The necessary regulatory framework will still need to be introduced. The Bank of Russia and the country’s Ministry of Finance have reconsidered their positions…
The United Kingdom Office of Financial Sanctions Implementation (OFSI) of Her Majesty’s Treasury ruled that cryptocurrency exchanges must report any suspected cryptocurrencies that may be used to evade Russian sanctions. In an August announcement, the OFSI stated that exchanges must report the suspected breach to the agency and freeze the assets or face criminal charges or financial penalties. The sanctions…
The parent company of Latin American exchange Mercado Bitcoin, 2TM, has announced a second round of layoffs as companies continue cutting back amid crypto winter. According to Bitcoin Portal, a Brazilian cryptocurrency publication also owned by 2TM, the company let go of 15% of its employees due to continued “adversity in the economy.” The publication stated that it “regrets the…
