https://www.wsj.com/livecoverage/israel-hamas-war-biden/card/u-s-cites-hamas-in-broad-sanctions-against-foreign-crypto-mixers-i44QIsVOEPpkWf3ewqNT"The Biden administration is set Thursday to designate international “mixers,” cryptocurrency exchanges that provide customers anonymity, as money-laundering hubs that threaten national security. The designation, a form of sanction, will require special reporting for any financial transactions. The Treasury Department’s action, using one its most powerful weapons to combat illicit finance, represents a significant regulatory step meant to shape the future of the global financial system. “Today’s action underscores Treasury’s commitment to combating the exploitation of Convertible Virtual Currency mixing by a broad range of illicit actors, including state-affiliated cyber actors, cyber criminals, and terrorist groups,” said Wally Adeyemo, deputy Treasury secretary. “More broadly, the Treasury Department is aggressively combating illicit use of all aspects of the CVC ecosystem by terrorist groups, including Hamas and Palestinian Islamic Jihad.”" ___ The games are over. Now the owners of cryptomixers face a very serious charge, for which in the USA you can get a life sentence in a very harsh prison.
|
|
|
|
|
Investor protection is good, but it's too late. Investors' money has already been lost because cryptocurrency prices have fallen.
This is a civil lawsuit, and such courts can take a very long time and to understand the situation, the criminal investigation with the FTX exchange must end so that there are already undeniable facts in the civil trial in court.
|
|
|
|
I have read the news and I hope that if it is true as it is said in it that the Gemini Earn program: was marketed to customers as a safe and secure way to earn interest....
These kinds of crypto services were pitched as a “better form of savings account to replace your bank,” I hope they get the maximum penalty they can get. In the end, what the Winkelvoss have is greed, because with the amount of Bitcoins they have from the early years, they could have dedicated themselves to other projects that were not based on shitcoins to make money. The FTX exchange and its leaders have big problems, but it will be very difficult to prove this. This is a business and there are risks in it. These kinds of crypto services were pitched as a “better form of savings account to replace your bank,” says Cory Klippsten, CEO of bitcoin financial services firm Swan Bitcoin. “Whether you use that language or not, that’s how people understood these platforms.” But the Earn program, the New York attorney general alleges, was far more risky than the marketing let on. The complaint states that Gemini was aware from the program’s inception that loans handed out by Genesis were high-risk and concentrated among a small number of third parties—specifically Alameda Research, FTX’s sibling company, which at one point constituted 60 percent of the Genesis loan book. If any of Genesis’ large creditors were to default on their debt, Gemini customers stood to lose the funds they had invested.
I'm very low on the prospect of such trials, but it will be very interesting to watch because the evidence has not yet been published. Such a conspiracy is very difficult to prove in court. |
|
|
|
But at the same time, I do not understand why news sources that publish false information are exempt from legal accountability. There is supposed to be a regulatory framework for the activity of these institutions, on the basis of which they gain part of their legitimacy. The news currently circulating does not indicate at all that those sources can be held responsible in any way.
Is there really no law in the US that can hold them accountable for doing terrible journalistic work? My search related to fake news usually ends up with information about defamation lawsuits. I don't think people can sue news agencies for that if they are sharing misinformation not related to any person. CMIIW. I guess the only way to solve this is to stop relying on terrible journalistic websites or read at least three independent sources before you assume the information is legit. In an ideal world, Cointelegraph or other websites would die quickly after they share misinformation like this. They are not, but with a twist!
The problem is in proving they are at fault for that!
What is the name of the law that governs this? Sounds a bit similar to the defamation law above, but I'm not sure if we're referring to the same thiing or not. I am sure that fake news, which is printed based on a post from an unknown Twitter account, and slander are two different things. Since the news was about the SEC, their lawyers should file a lawsuit. But I think it will be impossible to prove losses on a crypto exchange due to some article. |
|
|
|
I am not sure about Finland, but in my country, every company is legally liable to keep the data for 7 years. Within these 7 years, any government authorities can seek information from the company and they are legally liable to provide such information to the government. So better check your local law what it says.
Honestly, I have never received an email from LBC to delete my data. I am wondering if anyone else has received it?
When a company operates, it is obliged to comply with the laws of the country, but what happens after the company closes? By law, there is a period when tax inspectors check the company before closing. And then who is obliged to store this data? I think in any country you can come up with a way to bypass any laws or minimize fines. |
|
|
|
Схема отжима бабла шарашками QIWI/ЮМАНИ:
1) В ЮМАНИ или КИВИ создается "Отдел мониторинга операций"
2) Сотрудники этого отдела регистрируются в качестве обменника на bestchange под названием "Super Xchange"
3) Нарабатываются отзывы, ставятся выгодные комиссии
4) Совершает обмен какой-нибудь хомяк из РФ, делая вывод крипты и покупая QIWI/ЮМАНИ рубли в хонейпоте "Super Xchange"
5) хонейпот "Super Xchange" делает обмен, выдавая хомяку рубли за его крипту
6) Сотрудники "Отдел мониторинга операций" фиксируют хомяка, точно зная что он выводит крипту, дают сигнал отделу безопасности QIWI/ЮМАНИ блокировать его кошелек
7) PROFIT. QIWI/ЮМАНИ при бабках, а хомяк - с носом и требованием ФЗ 115 предъявить документы
Эра расцвета электронных кошельков прошла. Сейчас эти кошельки не то что было раньше. Раньше эти кошельки были прикольной модной вещью, а сейчас эти КИВИ И ЮМАНИ - полулегальные структуры крышующиеся силовиками РФ. Менты все подмяли под себя
Зачем хомяков кидать, если на них можно зарабатывать, меняя крипту?  достаточно создать "отдел обменных операций" и зарабатывать миллионы, давая гарантию что не блокнут. На бестчендж так просто и главное без гаранта не пройдешь. |
|
|
|
https://www.wired.com/story/crypto-gemini-genesis-dcg-sued-billion-dollar-fraud/"IN THE STATE of New York, where Sam Bankman-Fried, founder of fallen crypto exchange FTX, is standing trial for fraud, the attorney general has accused a further three high-profile crypto businesses of lying to their customers. Crypto exchange Gemini, run by the Winklevoss twins, Cameron and Tyler, as well as crypto lender Genesis and its parent company, Digital Currency Group, have been charged with causing a combined $1.1 billion in losses for hundreds of thousands of investors." __ Also a very interesting saga in the continuation of the story with the FTX exchange. I am sure that the Gemini management understood what clowns were running the FTX exchange and Alameda, but nevertheless gave them money.
|
|
|
|
Thank you all again for your congratulations. I was very pleased!
It is not an easy adventure to record such a great achievement in the forum. I have spend but a little time here but I have seen the importance of existing in a forum where people with loads of resourceful information dwells. I strongly believe you are one of those who have made laudable inputs as your time speaks volume. Congratulations zasad@ I don't think this is a difficult task. The hardest thing for me was earning the first few hundred merits, but then it became much easier. The more useful content you publish, the more merit you will receive. To do this, you need to choose a direction that interests you, study it and share the information received, and not try to be an expert in everything. |
|
|
|
From what I understand, these rules apply to companies that are EU-based. So does this mean companies that are not EU-based can just ignore it, or will the government force them to either stop people from using their services or force them to do KYC too? Based on how the SEC handles their lawsuit against Binance etc, I suppose the second one is more likely.
It would be quite funny if those DEXes suddenly started implementing KYC because they have a legal entity behind their website, which means they are not decentralized at all.
I have long said that all major DEXes will soon introduce the KYC procedure, and then it will become a standard. KYC hook for Uniswap v4 stirs community controversy https://cointelegraph.com/news/kyc-hook-uniswap-v4-stirs-community-controversyRead information about Travel Rule and the FATF rules to which many countries are subject. All major crypto projects in Asian countries, like exchanges and services, are already trying to implement these rules, because without them, legal business will be impossible. |
|
|
|
That's fine! When common people is expected by the tax man to disclose their cripto earnings, why not banks! I mean everything should be transparent as the regulators say. The simplest conclusion that follows from this is that cryptocurrency is not a scam and it will be used in the future.
Yes that is interesting, this mean that we as users need to keep bitcoin and other alt-coints out of any CEX and Bank. Just to not give them more power This is not really on the users. But it is more on the banks to disclose how much cryptocurrency assets they are holding as their investment. That is very fair! In Russia, in almost any banking application you can open a brokerage account in 1 click and trade shares and other assets, and all taxes from each transaction are taken by the broker and submitted reports to the tax office. A citizen has no obstacles to trade. In Europe and the USA, I heard that a trader fills out complex forms for reporting to the tax authorities. In Russia, these forms are filled out by the broker for free. And banks will only be happy if the number of assets for trading in cryptocurrencies increases, but people will trade “air” because real assets belong to the bank. Look at the statistics. People understand that cryptocurrencies that are stored on custodial services do not belong to them, but they still use exchanges, banks and other custodial services for storage. I'm not talking about trading, I'm talking specifically about storage. People find it difficult or have no time to buy a hardware wallet for $50. |
|
|
|
Yeah, it's true that fake news can slip through the cracks sometimes, even on reputable sites. I kinda think a lot of times it's not some evil plan but more they just dropped the ball on checking facts. But in this case I'd say Cointelegraph should take the heat. They've been around forever and are one of the OGs in the industry so they gotta know spreading fake stuff like this can hurt. Whether they meant it or not, it happened and that's got consequences and people can lose money if they trade based on bad info. Cointelegraph should've been way more careful here, regardless of why it happened.
I agree that mistakes can be made as we are all human but Cointelegraph has history of low quality articles and they can not say they are innocent by spreading low quality, unverified news that cause FUD on the market. Many people will lose money partially because of news from Cointelelgraph. It's worse if those news are originally from Cointelegraph. They can not say they are irresponsible for all those consequences from news released on their website that is big enough to make massive effects in cryptocurrency market. People (investors and traders) are responsible for their capital management and surely mainly responsible for their profit or loss but as said Cointelegraph partially has their responsibility. I have another theory about this. At the time of publication of the fake news, there were market statistics that the number of longs on exchanges was higher than the number of shorts. But this turned out to be untrue. When the number of shorts became high and it became profitable for the manipulator to take away margin positions, the price flew sharply upward on the fake news. I'm sure it would have happened anyway. Previously, the manipulator bought coins cheaply and made money on pumps; now the manipulator makes money by liquidating margin positions. According to analysts, the losses amounted to about 0.5 Billion dollars. |
|
|
|
Если бы регулярно отлетали в блок - то для менял это было бы нерентабельно и все перестали бы использовать эти ЭПС. А так сморите-ка бодренько торги идут на бестчанж через QIWI ЮМАНИ ВЕБМАНИ будто их там никто и не блочат.
У меня за все время (+10 лет) использования киви в блок отлетело 3 аккаунта из 100 (ну может 4), много это или мало? Для обменников вообще все акки - расходники. Если через акки ходит не лютая грязь, то и средства удается вернуть. Так что не вижу никаких проблемы, ибо эти риски должны учитываться любым нормальным обменником. У обмеников процентов 5 карт в блоках стабильно, при условии что они разделяют карты на прием и отправку. |
|
|
|
|
Thank you all again for your congratulations. I was very pleased!
|
|
|
|
|
Меня киви блочили из за такой же грязи.
Я не знаю зачем ты кидал с киви на яндекс, но скорее всего виноват обменник, который тебе прислал 4 платежа. Если ты за раз не менял больше 320 долларов.
Пока рабочая схема, это кэш ин в тинькове и никаких переводов с карты частным лицам, кроме мелочи.
Но блокнуть могут любую карту, поэтому карты для крипты должны быть отдельными и нужно быть готовым потерять эти деньги.
|
|
|
|
|
Prediction 2: $33 333
bech32 address: 33Wj1vAV1u1yXmtcdaeLpuxTxKRK6dtyGY
|
|
|
|
https://beincrypto.com/singapore-launch-crypto-task-force/Singapore Launches Dedicated Task Forces to Fight Tech and Crypto Crimes "Singapore's attorney general's office has established two task forces and deployed 20 prosecutors to combat rising crypto crimes. The task forces will aid authorities in tracking and seizing crypto assets and tackle the growing threat from technology-assisted crime. The city states's Deputy Chief Prosecutor emphasizes the importance of cross-border cooperation in tackling crypto and technology crimes." original https://www.zaobao.com.sg/news/singapore/story20231017-1443667
|
|
|
|
https://www.msn.com/en-us/money/markets/eu-regulator-warns-of-opaque-crypto-firms-as-it-seeks-to-close-mica-loopholes/ar-AA1ilXr2EU Regulator Warns of ‘Opaque’ Crypto Firms as It Seeks to Close MiCA Loopholes "European Union regulators on Tuesday warned that “complex and opaque” global crypto companies could try to exploit differences among member states, saying that some may try to operate from overseas via EU-based shells even after its landmark Markets in Crypto Assets regulation (MiCA) takes effect. The European Securities and Markets Authority (ESMA) on Tuesday told major global crypto firms to start preparing for MiCA now, even as national regulators race to design the procedures that will let exchanges and wallet providers gain a coveted crypto license. MiCA license rules take effect in December 2024, but companies can continue operating without a full license until July 2026 if they are registered under an existing, lighter-touch national money laundering regimes – as has been done by the likes of Binance in France and Coinbase in the Netherlands." ___ I have already written that MiCA does not heavily regulate cryptocurrencies and NFT tokens, but it regulates stablecoins very well and there are mechanisms for banning the use of stablecoins if it threatens the economies of European countries.
|
|
|
|
https://www.reuters.com/business/finance/basel-proposes-crypto-disclosures-by-banks-january-2025-2023-10-17/"Global banking regulators on Tuesday proposed a standardised format for major banks to disclose their holdings of cryptoassets from January 2025 to support "market discipline" by giving a complete picture to investors. The Basel Committee of banking regulators from the world's main financial centres agreed new rules last December on how much capital banks should hold to cover different types of cryptoassets. On Tuesday, they set out for public consultation how the holdings should be disclosed to investors. "Under the proposals, banks would be required to disclose qualitative information on their activities related to cryptoassets and quantitative information on exposures to cryptoassets and the related capital and liquidity requirements," the Basel Committee said in a statement. Banks would also be required to provide details of the accounting classifications of their exposures to cryptoassets and crypto liabilities, it said. The public consultation ends on Jan. 31, 2024." ___ The simplest conclusion that follows from this is that cryptocurrency is not a scam and it will be used in the future. But if the global banking regulator gets down to business, then supervision of cryptocurrency will be serious in all countries, regardless of politics, relationships, etc.
|
|
|
|
We can't know for sure if it was planned but I am inclined to think not, as it is not uncommon for fake news to slip through, sometimes in a whole range of media, propagated by a news agency. In this case it's a botched Cointelegraph, which as said is not characterized by an extreme quality of content, so the hypothesis that seems more likely to me is that they simply slipped in the fake news.
The bad thing is that there were many short-term traders who lost money with it.
This may be a coincidence, but in such a market it is very difficult to believe it. Traders are the same gambling addicts who very often use trading leverage for trading and it is from them that market manipulators make money. Before accepting a spot ETF, manipulators must take as many bitcoins as possible from the market, and the more such cases, the faster the spot ETF will be accepted. |
|
|
|
How so? Now I won't buy a Ferrari with bitcoins?  You will be able to. Just like you can buy a house with Bitcoin. But those purchases are already KYC in and of themselves, no matter if you pay with Fiat, Bitcoin or potatoes. Your name and identity/passport/social security number will be registered, along with other data. The European legislation wants to control Bitcoin transactions in the same way as it controls banking transactions, and only P2P with non-custodial wallets will escape. This was a rhetorical question , but I think that many will not be able to do this. Expensive purchases are always controlled by the tax authorities, and in Europe this system works perfectly. After such a purchase, tax inspectors will send many questions about income. Well, with a house, I think it’s even more difficult if you use an escrow account in a bank. |
|
|
|
|
Show Posts
