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Bitcoin Daily: Chinese Police Seize $15M, Luxury Cars In Crypto Scam Probe; CENTRE Blacklists Address, Freezes $100K Of Stablecoin At Request Of Law Enforcement

PYMNTS

Authorities in China have confiscated bitcoin, ether and tether worth more than $15 million and luxury cars from those who allegedly ran a purported cryptocurrency scheme, CoinDesk reported. It will also contemplate a block “to comply with a law, regulation or legal order from a duly recognized U.S. authorized authority, U.S.

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IRS Offers $625K For Help Cracking Cryptocurrency Secrecy

PYMNTS

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.

IRS 96
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UK grants law enforcement expanded powers over crypto assets

The Paypers

The UK Government has decided to implement new measures granting law enforcement agencies increased powers over cryptocurrency assets.

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How Financial Institutions Can Combat Business Email Compromise (BEC)

Fi911

Law enforcement coordination requires established relationships. International law enforcement partnerships become crucial for cross-border transfers. Cryptocurrency integration creates additional risks. The first 24 hours often decide whether funds can be recovered, making immediate action essential.

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Privacy coins face existential threat amid regulatory pinch

Payments Source

The subset of digital assets dubbed privacy coins, which have long delighted libertarians and frustrated law enforcement, are feeling the pinch of a step up in regulation.

Privacy 106
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The state of fraud in 2024: Key mid-year takeaways

The Payments Association

Criminals lure victims with promises of high returns, often using fake investment opportunities in areas like cryptocurrency, property, or gold. Collaboration with law enforcement and the Government The report stresses the importance of ongoing collaboration between financial institutions, regulators, and law enforcement.

Scams 88
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Fintechs to law enforcement: Let’s be partners, not adversaries

Payments Source

A new group aims to foster collaboration between fintechs and state and federal officials in the fight against crime — without hindering legitimate business innovation.