Crypto Companies Enable Money Laundering, Warns Incoming FCA chair – Regulation Coming Soon?
Ashley Alder, the incoming chair of the UK's Financial Conduct Authority (FCA), has expressed concern that some cryptocurrency companies may be "deliberately evasive" and may facilitate money laundering. During a virtual...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
During a virtual meeting, Alder told UK Treasury members on Wednesday that many crypto platforms create “massively untoward risk,” according to a report from Financial Times. ...
Read More: Crypto Companies Enable Money Laundering, Warns Incoming FCA chair – Regulation Coming Soon?
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
US Sanctions Eight Canadian Money Services Firms Over Iranian Crypto Transfer Allegations
TL;DR: The US Treasury has added eight Canada-based money services businesses to its sanctions list, alleging that they helped mov...
OKX Warns Users Off MEXC Transfers as US Moves to Cut Off the Exchange
OKX founder Star Xu told customers on Saturday to stop sending funds directly from MEXC after the US moved to cut the crypto excha...
Blumenthal Investigation Targets Binance, Tether and Trump Crypto Firms as Senate Sets January Deadline
U.S. Senator Richard Blumenthal, following his investigation, has given Binance, Tether, and two Trump crypto companies until Janu...
Bitcoin Price Drops Below $74,000 as Nvidia Probe and Regulation Fears Spark $1 Billion in Liquidations
Bitcoin Magazine Bitcoin Price Drops Below $74,000 as Nvidia Probe and Regulation Fears Spark $1 Billion in Liquidations Bitcoin p...
North Korea Turns DIY Meme Coins Into a Laundering Pipe for Stolen Binance Crypto, Elliptic Says
Crypto launderers working for North Korea are spinning up disposable meme coins of their own to shuttle funds taken from Binance,...
Tom Lee’s Bitmine Adds $20M in Ethereum, Seizing on Vitalik’s 'ETH Is Money' Declaration
The firm’s stash reached 6.07 million ETH—4.97% of supply and 99% of the way to its “Alchemy of 5%” goal—as chairman Tom Lee calle...