Suex Founder Loses Top Job Over US Sanctions, Major Exchange, Payment Provider Implicated

Suex Founder Loses Top Job Over US Sanctions, Major Exchange, Payment Provider ImplicatedThe scandal around sanctioned crypto broker Suex is growing in Russia where one of the co-founders of the OTC platform has been dismissed from his executive post at a bank. Meanwhile, an anti-drug organization has referred the case to the interior ministry and the central bank, asking authorities to investigate Suex’s connections with financial companies […]

Blacklisted Suex Addresses Received Over $900 Million in Crypto, Report Reveals

Blacklisted Suex Addresses Received Over $900 Million in Crypto, Report RevealsCryptocurrency addresses allegedly used by Russian exchange Suex, recently placed under U.S. sanctions, have received more than $934 million in crypto assets, blockchain analysis suggests. According to the Treasury Department, over 40% of the platform’s transactions involved criminal actors. A Suex co-founder has denied any illegal activity. Sanctioned Crypto Broker Suex Processed $370 Million of […]

Poland Confirms Arrest of Former Wex Exchange Executive in Warsaw

Poland Confirms Arrest of Former Wex Exchange Executive in WarsawReports of the detention of Dmitry Vasiliev, ex-head of the bankrupt cryptocurrency exchange Wex, have been confirmed by authorities in Poland. The former executive of the platform, allegedly involved in the theft of funds worth millions of dollars, faces possible extradition to Kazakhstan. Prosecutor’s Office Confirms Vasiliev Is in Custody in Poland Dmitry Vasiliev, who […]

Ex-Head оf Wex Crypto Exchange Reportedly Arrested in Poland, Faces Extradition to Kazakhstan

Ex-Head оf Wex Crypto Exchange Reportedly Arrested in Poland, Faces Extradition to KazakhstanDmitry Vasiliev, former chief executive of Russian cryptocurrency exchange Wex, has been detained in Warsaw, the Polish press reported. Vasiliev is wanted in Kazakhstan where he is accused of fraud related to the now defunct trading platform, successor of the infamous BTC-e exchange. Former Wex Executive in Polish Custody as Prosecutor’s Office Reviews Extradition Request […]

Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers

Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto ExchangersThe central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank of Russia Target Cryptocurrency Exchangers Russia’s central bank has […]

SIX Swiss Exchange Receives Regulatory Approval to Launch Digital Asset Bourse

SIX Swiss Exchange Receives Regulatory Approval to Launch Digital Asset BourseSwitzerland’s stock exchange SIX has won regulatory approval to launch its long-awaited bourse for digital assets. This authorization enables the exchange “to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities.” SIX Digital Exchange Greenlighted to Launch SIX Digital Exchange (SDX) announced Friday that […]

Crypto Exchange Binance Ceases Trading in Singapore Dollars to Comply With Regulations

Crypto Exchange Binance Ceases Trading in Singapore Dollars to Comply With RegulationCryptocurrency exchange Binance has announced that it will cease offering trading pairs and payment options in Singapore dollars to remain compliant with the country’s regulators. The announcement followed a notice issued by the Monetary Authority of Singapore (MAS) stating that Binance “may be in breach of the Payment Services Act.” Binance Complying With Singapore’s Regulations […]

Bithumb to Ban Foreign Traders Failing Mobile Phone Identification

Bithumb to Ban Foreign Traders Failing Mobile Phone IdentificationSouth Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb Prepares to Register Under New Rules Foreign nationals who do not […]