beFITTER (FIU) news

Nepal to fight crypto fraud with public awareness, transaction monitoring

Nepal Issues Alert on Growing Crypto Fraud Cases

The FIU also noted a surge in fraudulent crypto investment schemes targeting Nepali citizens through social media and online ads.

Nepal Aims to Fight Rising Crypto Use in Money Laundering by Transaction Monitoring

The FIU revealed that fraudsters frequently exploit cryptocurrencies to transfer illicit funds across borders.

South Korean Crypto Exchanges Will Be Able to Block Transactions Without Warning

Nepal combats cryptocurrency fraud through public awareness and transaction monitoring

Spot Bitcoin ETFs See $1.67B Weekly Inflows Amid Bitcoin’s Record Rally

South Korea’s Crypto Exchanges Gain Power to Freeze Transactions

South Korean crypto exchanges can now suspend transactions promptly without prior notice. The new amendment to the Virtual Asset User Protection Act aims to confront hacking, money laundering, and fraud. Upbit faces increased scrutiny over allegations of breaching Know-Your-Customer regulations.

Authorities Bust $232M Crypto Scam in South Korea, Arrest 215 Suspects

A massive $232 million cryptocurrency scam in South Korea led to 215 arrests, including a YouTuber who fled the country.

South Korea sees 21% increase in crypto investors in 2024

South Korea’s Crypto Investor Base Increased by 21% in 2024 H1: Report

Approximately 67% of investors hold crypto worth less than 500,000 won, while only 0.03% have holdings exceeding 1 billion won.

Liminal Says WazirX Still has Rs 420 Cr with Them Despite Bitter Fallout

WazirX transferred Rs 606 crores of User Funds to unregistered Chinese exchange

Industry insiders say WazirX is having trouble finding a reputed exchange serve as a third party service provider, after the loss of reputation of the management post the Rs 2000 crore hack.

Indonesia Extends Deadline for Crypto Exchange Licenses

Indonesia has extended the deadline for crypto exchanges to obtain a Physical Crypto Asset Traders (PFAK) license until late November 2024.

Binance Helps Delhi Police Bust A Solar Scam, Seizing $100,000 In Crypto

Delhi High Court Launches Investigation into WazirX Hack of ₹2,000 Crores

Delhi High Court issues notices to FIU and ED regarding WazirX Hack

The Delhi High Court has allowed WazirX users to approach civil court in India to seek back their funds stuck with the exchange.

Central and Southern Asia emerges as leader in global crypto adoption

Share link:In this post: The CSAO region has about 35% representation in the top 20 global crypto adoption index. India leads the world in grassroots crypto adoption. Indonesia and Singapore’s crypto markets have grown incredibly in the last year.

Delhi High Court Seeks Clarification from ED and FIU on WazirX Hack

Argentina’s Financial Unit Conducts First Oversight of a Bitcoin Exchange Under New Regulations

Binance Helps Delhi Police Bust Crypto Scam in India

This Week In Crypto Asia: WazirX Faces Government Scrutiny Following $235 Million Crypto Heist

Indian Govt Officials Grill WazirX over Rs 2000 crore hack

As of now, very few tangible leads have emerged to substantiate this claim.

Indian Govt. Officials Probe Crypto Exchange WazirX’s $234M Hack: Report

FIU has contacted some crypto industry stakeholders.

Government Agencies Probe Into WazirX’s $234M Crypto Hack

Indian government agencies probe WazirX over $235 crypto heist

Share link:In this post: Indian officials from the FIU, IB, and CERT-In met with WazirX founders following a $235 million hack. WazirX is cooperating with authorities by sharing transaction logs and blockchain addresses. Zettai Pte is in discussions with 11 exchanges for support.

Kosovo receives guidance from Council of Europe on crypto crime tracing

Binance Aids India’s Enforcement Directorate in Busting $47.6M Fiewin Gaming Scam

The scam involved luring victims into online betting and gaming.

South Korea financial regulator approves new virtual asset service providers for the first time in a year

Kosovo Teams Up with Council of Europe for Three-Day Crypto Workshop 

Swedish Police Label Crypto Exchanges ‘Professional Money Launderers’ in Crackdown

Sweden has also been targeting tax evasion within its Bitcoin mining community.