CryptoNews

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

A federal grand jury in Miami has charged nine individuals with laundering U.S. drug proceeds into cryptocurrency for Mexican and Colombian cartels, utilizing “a network of black market cryptocurrency launderers and unlicensed money transmitters,” according to the U.S. Department of Justice. From 2020 to 2023, defendants allegedly coordinated cash pickups from U.S. drug sales, converting funds…
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CryptoNews

Binance Warns of Fake Tokens Exploiting Its Name

Cryptocurrency exchange Binance warned its community on Monday about a surge in fraudulent tokens falsely claiming affiliation with the platform, spreading across social media. The company emphasized that these tokens are neither endorsed nor authorized by Binance, potentially exposing users to scams and financial harm. “Please remember to verify information through our official channels. Be…
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CryptoNews

13 Regions Face Crypto Mining Ban Under Russia's New Energy Policies

Russia’s governmental commission on electricity development approved cryptocurrency mining restrictions on Monday, set to take effect on Dec. 1 with subsequent enforcement covering Nov. 15 to March 15 annually through 2031. Deputy Energy Minister Yevgeny Grabchak confirmed the decision, which targets 13 regions, including Irkutsk, Buryatia, and Transbaikal, excluding Moscow. The extended…
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CryptoNews

UK Crypto Rules Poised to Shift as Trump's US Policy Gains Momentum

The UK government reportedly plans to unveil new UK cryptocurrency regulations this month, aiming to bolster the UK’s cryptocurrency regulations position as a global crypto hub amid increasing competition from the U.S., where recent policy shifts under Donald Trump favor the industry. The UK Treasury’s proposed legislation will cover stablecoins and seek a specific exemption for staking…
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