The Indian ED arrested four individuals in a $47.6 million Fiewin scam, aided by Binance’s FIU. Binance and Tokocrypto helped Indonesian authorities disrupt a pig butchering scam, seizing $200,000 in fraudulent funds. The Indian Enforcement Directorate (ED) has arrested four individuals in connection with a massive $47.6 million scam involving the Fiewin app. It lured…
Crypto exchanges Binance and Tokocrypto collaborated with Indonesian law enforcement to crack down on a crypto scam, seizing $200,000 in stolen assets. “During the investigation, multiple individuals involved in managing the accounts that received the stolen funds were arrested,” Binance stated. Binance and Tokocrypto Help Bust Major Crypto Fraud in Indonesia Crypto exchange Binance announced…
September 7, 2024 at 10:30 PM GST updated: September 7, 2024 at 09:07 PM 2 mins read News FIU-India plans to approve two offshore crypto exchanges by the end of 2025 after reviewing their compliance with AML laws. Binance faced a $2 million fine before regaining access to India’s market, highlighting the FIU’s strict enforcement…
India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial…
Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German law, trading currencies, including cryptocurrencies, without proper authorization is illegal, with violators facing up to five…