HMRC seizes NFTs for first time ever in £1.4m fraud bust
Her Majesty’s Revenue and Customs have revealed that have seized 3 non fungible tokens (NFTs) during an investigation into a fraud case worth £1.4m.
Do crypto assets pose a global threat to financial stability?
The Financial Stability Board (FSB) has claimed that the crypto assets market could pose a serious threat to financial stability if regulators fail to take action.
FBI establishes cryptocurrency unit
The FBI is setting up a cryptocurrency-focused unit that will look to work closely with the US Justice Department.
Moorwand unveils suite of compliance services
Moorwand, a payments solutions provider, offering BIN sponsorship and issuing services, has launched a suite of payments compliance services.
UK Regulators issue guidance on AI
The Bank of England and Financial Conduct Authority (FCA) have concluded a year-long investigation into the role of data, model risk and governance in the use of AI in financial services.
Why cryptocurrency is on the long road to compliance
As cryptocurrency continues its break-neck rise in popularity and usage, the calls by lawmakers and the financial industry for its greater regulation are getting louder and louder.
Crypto unicorn CoinDCX teams with Solidus Labs
India’s first crypto unicorn CoinDCX formed a strategic compliance partnership with crypto-native risk monitoring platform Solidus Labs.
US Justice Department performs $3.6bn cryptocurrency seizure
The US Department of Justice (DoJ) has undertaken a seizure of $3.6bn in cryptocurrency in what is being described as its largest-ever financial seizure.
MAS unveils assessment methodologies for responsible AI use in financial services
The Monetary Authority of Singapore (MAS) has released five whitepapers detailing assessment methodologies to help guide responsible use of AI in financial services.
Wormhole hack causes around $320m in stolen cryptocurrency
Blockchain bridge Wormhole has confirmed that around $320m worth of cryptocurrency has been stolen following a hack earlier this week.
