Thailand’s SEC wants tighter reins on stablecoins, proposing a 5 million baht daily cap on transfers to and from external wallets, while exempting some regulated transfers. The move targets AML and cybercrime concerns, but it also adds fresh friction for legit users and firms.
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Malone Lam has pleaded guilty in a massive Bitcoin theft and laundering case centered on roughly $240 million in stolen BTC. The case highlights how crypto crime often hinges on sloppy laundering, not magic anonymity, and why the blockchain keeps receipts.
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AUSTRAC is tightening the screws on crypto and remittance operators that fail basic AML reporting, with crypto ATMs and cash-heavy rails in the crosshairs. The crackdown targets abuse and scam networks, but it also raises the usual tension: stronger consumer protection versus heavier pressure on legitimate businesses.
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FinCEN says roughly $12.7 billion in suspicious crypto flows are tied to Southeast Asia scam centers running pig butchering, romance baiting, and fake investment schemes. The warning isn’t a final theft tally, but it shows how industrialized crypto fraud has become.
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The U.S. and UK are joining forces to crack down on crypto scam centers and investment fraud networks that have siphoned billions from victims worldwide. The push targets the compounds, laundering routes, and infrastructure behind these industrial-scale cons, with law enforcement aiming to cut them off at the source.
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Binance is once again under the compliance microscope after an unverified report alleged links to an Iranian money-moving network tied to illegal gambling and sanctions evasion. The claim is serious, but the missing evidence matters just as much.
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Brazilian Federal Police have raided an alleged transnational drug and money laundering network said to have moved 6.5 tons of cocaine and hidden up to R$1 billion through shell firms, luxury assets, real estate and crypto brokers. The case shows crypto is a tool for criminals — not the whole crime.
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Japan has arrested a suspect in a Prince Group-linked crypto fraud probe allegedly tied to $15B in dirty money, underscoring crypto’s dark side: scams, laundering, and borderless crime. Bitcoin isn’t the scam — scammers just love the rails.
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Ireland has launched a 30-point financial crime plan that puts illicit crypto transfers squarely in the crosshairs, boosting tracing, freezing, and confiscation powers while tightening pressure on exchanges and investigators.
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Canada is weighing tighter rules for crypto ATMs as regulators link the kiosks to scams, fraud, and money laundering. The machines have become a lightning rod because they make it easy to turn cash into Bitcoin fast — which is handy for legitimate users, and just as handy for scammers. Canada is considering a crackdown […]
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