Money Laundering Crypto Currency

The Directorate of Enforcement (ED) has frozen Bitcoins equivalent to worth Rs. 12.83 crore under the provisions of the Prevention of Money Laundering Act (PMLA) after an investigation being conducted against a man named Aamir Khan and others relating to the mobile gaming application — E-nuggets.

The US Department of the Treasury has announced sanctions against the virtual currency mixer Tornado Cash, which it claims has helped launder more than $455 million (roughly Rs. 3,618 crore) for the Lazarus Group, a hacking organisation associated with the North Korean government.

The Bank of Spain has registered the local unit of the world's largest crypto exchange Binance as a virtual currency platform with procedures in place against money laundering and financing of terrorism.

The Office of the Comptroller of the Currency on Thursday said flagship crypto bank Anchorage Digital Bank National Association violated rules for monitoring for suspicious activity and preventing money laundering.

Enforcement Directorate (ED) on Tuesday said it has arrested an accused in connection with its money laundering probe against a Kerala-based businessman, who is alleged to have cheated more than 900 investors to the tune of Rs 1,200 crore in lieu of providing crypto currency to them.

The Kerala police on Monday said they have busted a racket involved in money-laundering through cryptocurrency deals and arrested four people.

In a statement, the RBI has said that the particular order on crypto currencies is no longer valid as it had been set aside by the Supreme Court.

Holding, selling, or dealing in cryptocurrencies such as Bitcoin could soon land you in jail for 10 years.

The Directorate of Enforcement (ED) has frozen Bitcoins equivalent to worth Rs. 12.83 crore under the provisions of the Prevention of Money Laundering Act (PMLA) after an investigation being conducted against a man named Aamir Khan and others relating to the mobile gaming application — E-nuggets.

The US Department of the Treasury has announced sanctions against the virtual currency mixer Tornado Cash, which it claims has helped launder more than $455 million (roughly Rs. 3,618 crore) for the Lazarus Group, a hacking organisation associated with the North Korean government.

The Bank of Spain has registered the local unit of the world's largest crypto exchange Binance as a virtual currency platform with procedures in place against money laundering and financing of terrorism.

The Office of the Comptroller of the Currency on Thursday said flagship crypto bank Anchorage Digital Bank National Association violated rules for monitoring for suspicious activity and preventing money laundering.

Enforcement Directorate (ED) on Tuesday said it has arrested an accused in connection with its money laundering probe against a Kerala-based businessman, who is alleged to have cheated more than 900 investors to the tune of Rs 1,200 crore in lieu of providing crypto currency to them.

The Kerala police on Monday said they have busted a racket involved in money-laundering through cryptocurrency deals and arrested four people.

In a statement, the RBI has said that the particular order on crypto currencies is no longer valid as it had been set aside by the Supreme Court.

Holding, selling, or dealing in cryptocurrencies such as Bitcoin could soon land you in jail for 10 years.