Tag: Crypto Exchanges

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Germany Shuts Down 47 Crypto Exchanges for Illegal Activities

In a major crypto crackdown, Germany has shut down 47 crypto exchanges allegedly for carrying out illegal activities including money laundering. The decision was taken by the German Attorney General’s Office Frankfurt am Main and the country’s Federal Criminal Police Office(BKA). The Frankfurt am Main Public Prosecutor’s Office and the Federal Criminal Police Office (BKA) have successfully […]
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FIU Steps Up AML and CFT Compliance for Crypto Exchanges in India

Indian authorities are actively working to bring all cryptocurrency exchanges operating in India under stringent Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) guidelines to enhance compliance and oversight in the burgeoning digital asset market. The Indian government’s Financial Intelligence Unit (FIU) has recently granted Binance and KuCoin, two major offshore cryptocurrency exchanges, the […]
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Nigeria fined Binance $10 billion while investigating crypto exchanges

The Nigerian government has imposed a substantial fine of $10 billion on Binance as part of its efforts to stabilize the country’s local currency. Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, disclosed this fine in an interview with the BBC, as reported by Premium Times on Friday. According to Onanuga, […]
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