Indian cryptocurrency exchange Mudrex won a court order telling the country’s Ministry of Communication to take down as many as 38 websites that were exploiting the company’s name to carry out scams.
Since 2019, the cash-to-crypto industry—which is dominated by crypto ATMs—has processed at least $160 million in illicit volumes, according to a new study by blockchain analytics firm TRM Labs.
Banks that transact on permissionless blockchains face multiple risks, including money laundering and terrorism financing, the Basel Committee on Banking Supervision said.
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 29 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The head of the popular social-media and messaging platform was arrested on Saturday as part of an investigation into money laundering, drug trafficking, child pornography and non-cooperation with law enforcement crimes.