India Repatriates 100 Tonnes of Gold From UK, Aims to Move More
According to local media reports, the Reserve Bank of India has repatriated 100 tonnes of gold that was held in the vaults of the Bank of England. The operation, carried…
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British-Chinese Woman Sentenced to 6 Years for Laundering Bitcoin in $6B Scam
In a high-profile case involving a massive cryptocurrency fraud, a British-Chinese woman, Jian Wen, has been sentenced to six years and eight months in prison for her role in laundering…
UK Sentences Woman to Prison for Laundering Bitcoin After Police Seize 61K BTC
A woman has been sentenced to nearly seven years in prison for laundering bitcoin tied to a £5 billion fraud in China. Authorities seized over 61,000 bitcoin during their investigation,…
FCA Targets Meme Coin ‘Finfluencers’ with New Guidelines on Promotions
The Financial Conduct Authority (FCA) in the UK has declared its intention to address meme-based marketing for financial products by releasing guidelines for financial services firms and social media influencers.…
UK Woman Found Guilty of Laundering Bitcoin Tied to $6 Billion China Fraud
Jian Wen, a former takeaway worker residing in north London, was found guilty of one count of money laundering after she was found with Bitcoin worth over $2.5 billion (£2…
UK May Introduce Stablecoin and Staking Regulations in 6 Months: Report
According to Bloomberg, the British government is expediting the approval of new regulations for stablecoins and crypto asset staking services, aiming to have these rules passed by lawmakers within the…
FCA Sounds Alarm on Crypto Promotions: 450 Alerts Issued in 3 Months
The Financial Conduct Authority (FCA) has issued 450 warnings to companies unlawfully promoting cryptocurrency assets from October 8, 2023, to December 31, 2023. The regulatory agency is currently collaborating with…
Kraken Reportedly Implements New Verification Measures for UK Users’ Self-Custodial Wallets
Kraken has reportedly implemented a requirement for its users in the United Kingdom to verify their self-custodial wallets. According to a few recent posts, Kraken has commenced the implementation of…
UK Authorities Strike Back: 43 Fraudulent Web Domains Blocked in Cybercrime Crackdown
Phishing attacks have wreaked havoc in the crypto industry. In a recent move to combat cyber fraud, the National Fraud Intelligence Bureau (NFIB) in the United Kingdom announced the blocking…
Sanctioned Russian Banker Dumps £15m Worth of Shares in UK Crypto Company
Mikhail Klyukin, a Russian banker sanctioned by the White House in March 2022, sold more than £15m in shares of UK-based cryptocurrency firm Copper Technologies. The firm, chaired by former…