8 Chinese Firms Exposed in High-Stakes Crypto Laundering Operation
Indictments reveal how eight Chinese firms used cryptocurrency to obscure profits from illegal chemical sales. US Indicts Chinese Firms Using Cryptocurrency in Illicit Trade The U.S. Department of Justice (DOJ) has unsealed indictments against eight China-based chemical companies and employees for their alleged involvement in trafficking fentanyl precursor chemicals and laundering money through cryptocurrency. Filed […] Powered by...
BRICS Isn’t Anti-West but Won’t Tolerate Western Currency Domination, Russian Official Says
BRICS has condemned Western economic dominance and currency control tactics, accusing the West of using reserve currencies as “weapons” to maintain its monopoly. BRICS Says No to Western Monopoly, Criticizes Currency Control Strategies Russia’s Deputy Foreign Minister and BRICS Sherpa Sergey Ryabkov has clarified that the BRICS alliance is not intended as an anti-Western bloc […] Powered by...
Feds Target Businessman in Alleged Web of Secret Crypto Deals
The U.S. has accused a businessman of running an unlicensed cryptocurrency operation that allegedly enabled secretive “off-the-books” transactions. Unlicensed Crypto Transactions: Businessman Christopher Scanlon Indicted on Federal Charges Christopher James Scanlon, a Florida-based businessman, faces federal charges for allegedly operating an unlicensed cryptocurrency and fiat currency transmitting business, the U.S. Department of...
BRICS Payment System a SWIFT Substitute? Network to Implement Digital Assets and Financial Messages
The Russian Finance Minister offered insight into the inner workings of the new BRICS payment system at the recent summit held in Kazan. Anton Siluanov stated that the modern system will take digital financial assets into account and will be able to deliver financial messages. BRICS Proposed Payment System Might Use Digital Assets as Currencies […] Powered by...
Korea to Regulate Crypto Cross-Border Trade Next Year
On Friday, South Korea’s finance ministry announced plans to regulate cross-border transactions of virtual assets, including cryptocurrency, starting in the second half of 2025. The new regulations will mandate that businesses engaged in cross-border virtual asset trade register with authorities and submit monthly transaction reports to the Bank of Korea. The move follows significant concerns […] Powered by...
