Hong Kong Police Forms New Work Group To Fight Against Illegal Trading Activities | Bitcoinist.com

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crypto exchanges, Hong Kong Police, Illegal Trading, JPEX, Legislation, Securities and Futures Commission SFC

Hong Kong’s Securities and Futures Commission (SFC) has allied with the Police to establish a group to monitor and investigate crypto exchange-related crimes. This development comes amid scandals involving the Dubai-based JPEX exchange, a leading Hong Kong crypto industry player. The SFC revealed its latest move in an October 4 announcement, noting that it formed […]

Crypto Clients In China Targeted As Singapore Expands Money Laundering Probe | Bitcoinist.com

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crypto crackdown, Crypto News, Crypto regulation, Crypto Singapore, MAS, Money Laundering

The fight against crypto-related money laundering continues as Singaporean Authorities probe suspected channels. According to a September 21 Bloomberg report, Singapore banks have extended ongoing money laundering investigations to clients of Chinese origin. Amid the probe, they have frozen and seized $1.8 million in crypto assets, cash, and properties since August. Singaporean Banks Heighten Scrutiny […]

G20 To Establish Unified Crypto Regulation, Urges Countries To Share Information | Bitcoinist.com

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CARF, Crypto regulation, Crypto Regulations, G20 presidency, G20 Summit, Information exchange

Due to the ever-changing nature of cryptocurrency technology, it has always been subject to regulatory amendments around the globe. The G20, a group of 20 developed economies, has opted for a unified approach to design a comprehensive crypto rule book to address this issue.  In the G20 summit held in New Delhi, leaders from around […]

US Senator Applauds Bitcoin Mining’s Role In Bolstering The Economy And Grid | Bitcoinist.com

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Bitcoin Mining, Ted Cruz, Texas crypto mining, Texas Senator, US Senator

In an interview with Forbes, Texas Senator Ted Cruz voiced support for Bitcoin mining and affirmed that mining operations benefit the Texas economy and grid. Cruz admired the decentralized nature of cryptocurrency technology and talked about the financial freedom achieved through the uncontrollable nature of Bitcoin.  The senator highlighted the distinctive quality of Texas during […]