CRYPTOCURRENCY LAUNDERING
What’s behind the bitcoin ATM crackdown? Rising crypto ATM fraud and growing risks are forcing strict 60-day shutdown orders across the U.S.
What’s behind the bitcoin ATM crackdown? Rising bitcoin ATM and crypto ATM fraud risks are driving strict 60-day shutdown orders across the U.S., reshaping how users access digital currency. Cities like Haverhill are acting fast as scams surge, targeting vulnerable users and causing significant financial losses. With weak regulation and irreversible transactions, crypto ATM networks are becoming high-risk entry points for fraud. Authorities are prioritizing consumer protection over convenience, pushing urgent bans and tighter rules. This crackdown signals a turning point for bitcoin ATM adoption, forcing the industry toward stronger security, transparency, and trust.
Jammu and Kashmir police busts international cyber fraud racket targetting victims in US, UK and Canada
Jammu and Kashmir police have dismantled a sophisticated international cyber fraud network in Srinagar. Seven individuals were arrested for targeting victims in the USA, UK, and Canada. The syndicate used fake online advertisements and psychological tactics. Money was laundered through digital and cryptocurrency channels. Investigations are ongoing to identify more suspects and victims.
ETtech In-depth: Banned in India, but it’s business as usual for offshore real money gaming firms
An ET investigation found accessing betting websites to be child’s play, without even the need of a VPN. But getting money out of them isn’t quite as easy. The sites provide Hindi, Marathi, Tamil, and Bengali interfaces, signalling a clear focus on users from tier II and tier III towns.
Crypto bill hits new impasse, raising doubts over its future
Crypto legislation faces an impasse as banks reject a White House compromise, casting doubt on its passage this year. President Trump criticized lenders for attempting to undermine the bill, which aims to clarify crypto regulations but is stalled by disagreements over stablecoin rewards and deposit flight concerns.
Tether says it has frozen $4.2 billion of its stablecoin over crime links
Tether, a major stablecoin issuer, has frozen approximately $4.2 billion of its crypto tokens. These tokens are linked to illicit activities, primarily over the last three years. This action comes as global authorities intensify efforts to combat crypto-related crime. Tether's ability to freeze tokens remotely aids law enforcement in these crackdowns.
MHA releases India’s first anti-terror and cybersecurity policy PRAHAAR to boost national security; know what it is
India has launched its National Counter-Terrorism Policy and Strategy, PRAHAAR. This comprehensive plan focuses on intelligence-led operations and multi-agency coordination. It aims to prevent terror attacks, ensure swift responses, and uphold human rights. The strategy also emphasizes international cooperation and building societal resilience against extremism. India's zero-tolerance policy against terrorism guides this proactive approach.
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Rs 640 crore cyber fraud: Supreme Court refuses anticipatory bail to CA in ED case
The Supreme Court has denied anticipatory bail to a chartered accountant involved in a Rs 640 crore cyber fraud money laundering investigation. The court upheld the Delhi High Court's decision, directing the accused to surrender within ten days. The high court noted an intricate money laundering network and the necessity of custodial interrogation.
Cryptocurrency in 2026: How Dubai’s regulatory model is shaping safer crypto investing
The crypto market is evolving beyond speculation. In 2025, it reached $4 trillion, highlighting a shift towards financial infrastructure. Regulation is strengthening, with Dubai leading as a progressive hub. Investors are advised to prioritize education, diversification, and responsible practices. This new era emphasizes structured growth and investor confidence in digital assets.
Operation Cyber Hawk 3.0: Over 500 apprehended in Delhi Police's cyber crackdown
Operation Cyber Hawk 3.0 targets organised cyber fraud networks operating across multiple digital platforms. The action involves advanced technical analysis, real-time intelligence inputs, financial trail tracking and coordinated field operations to identify and dismantle cybercrime syndicates.
Rs 640 crore cyber fraud: Delhi HC refuses anticipatory bail to two CAs in ED case
The Delhi High Court denied pre-arrest bail to two chartered accountants involved in a massive Rs 640 crore cyber fraud. The court cited an intricate money laundering network and the need for custodial interrogation. The accused allegedly crafted a complex scheme to move illegally obtained funds. The investigation also looks into potential involvement of bank officials and destruction of evidence.
Crypto money-laundering hit $82 billion in 2025, researchers say
Money launderers received at least $82 billion in cryptocurrencies last year, up sharply from $10 billion in 2020, driven in part by fast growth among Chinese-speaking groups, blockchain researchers said on Tuesday.
Australian regulator moves to curtail criminal use of cryptocurrency
The Australian transaction reports and analysis centre (AUSTRAC) said its findings showed cryptocurrency was increasingly being exploited for money laundering, scams and money mule activities.
How crypto helps Latin America's drug cartels do business
Drug cartels and crime gangs in Latin America have taken up virtual currencies to launder money, receive payments and sell drugs on the darknet because law enforcement authorities are finding it harder to detect the deals, researchers and officials say.
ED investigating several cryptocurrency-related crimes; proceeds worth Rs 953 crore seized: FM
Proceeds amounting to Rs 953.70 crore from criminal activities involving cryptocurrencies have been seized, frozen or attached under the provisions of Prevention of Money Laundering Act, 2002 (PMLA) and Foreign Exchange Management Act, 1999 (FEMA), finance minister Nirmala Sitharaman said in Parliament on Monday.
India's money laundering rules to apply to crypto trade, states govt notification
Extending India's money laundering rules to cryptocurrencies will give authorities greater authority in monitoring the transfer of these assets beyond the country's borders.
India's money laundering rules to apply to crypto trade, says govt notification
The exchange between virtual digital assets and fiat currencies, the exchange between one or more forms of virtual digital assets and the transfer of digital assets will be covered under money laundering laws, the notification said.
Japan updates six laws to fight money laundering through cryptocurrencies. Details here
A cabinet resolution to amend six foreign exchange laws closely followed a government proposal to enact new remittance regulations, both of which are intended to strengthen anti-money-laundering (AML) regulations for cryptocurrency.
WazirX episode reveals darker side of crypto: Govt sources
At the G20 Ministerial Symposium on Tax and Development in Bali, she had suggested that G20 should examine the feasibility of bringing non-financial assets like crypto into the ambit of automatic exchange of information among nations to check tax evasion.
ED investigating 7 cases of cryptocurrency usage in money laundering, attaches Rs 135 crore
Law enforcement agencies have flagged usage of cryptocurrency by cybercriminals and cases investigated by the ED under the Prevention of Money Laundering Act (PMLA)reveals that the accused have laundered proceeds of crime (PoC) through the virtual currency, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha.
Digital tax fine but what about crypto money laundering via Dark Web?
Bitcoin and other cryptocurrencies have become the de-facto currency on the Dark Web.
North Korean hackers stole $400 mn in crypto in 2021: Chainalysis
Pyongyang is under multiple international sanctions over its atomic bomb and ballistic missile developments but analysts say the North has also built up its cyber capabilities with an army of thousands of well-trained hackers who extract finances to fund the state's weapons programs.
Cryptocurrency exchanges start blocking accounts after government raises red flags
WazirX, one of the largest exchanges in India, blocked about 1,500 accounts between April and September
Pakistan moves to bring cryptocurrency boom out of the dark
Pakistan has seen a boom in trading and mining cryptocurrency, with interest proliferating in thousands of views of related videos on social media and transactions on online exchanges.
British police seize record $408 million haul of cryptocurrency
London police said on Tuesday they had seized 180 million pounds of an undisclosed cryptocurrency less than three weeks after making a 114 million pound haul on June 24 as part of a money laundering investigation.
British police seize 'record' haul of cryptocurrency
The Metropolitan Police on Friday said they arrested a 39-year-old woman on suspicion of money laundering after detectives seized the digital currency, which they believe was being used to transfer proceeds of crime.
China arrests over 1,100 suspects in crackdown on crypto-related money laundering
The arrests came as authorities in China step up their crackdown on cryptocurrency trading. Last month, three industry bodies banned crypto-related financial and payment services, and the State Council, China's cabinet, vowed to clamp down on bitcoin mining and trading.
Cryptocurrency firms not meeting anti-money laundering rules, UK regulator says
The cryptocurrency sector has been plagued through its 12-year life by lax standards on money laundering and other illicit activities.
Govt weighs imposing 18% GST on bitcoin trade
The government is weighing a proposal to impose 18% goods and services tax (GST) on bitcoin transactions, estimated to be around Rs 40,000 crore annually.
Need to ease norms for fintech sector in India, says a lawyer
While regulations are critical to ensure that fintech solutions are not used for money laundering or terror financing, banning new technologies will prove to be counter productive, advocate Pratibha Jain said at the World Economic Forum in Davos.
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