FATF warns offshore crypto firms create money laundering and sanctions gaps

A new FATF report says crypto exchanges operating offshore can create gaps in AML enforcement, making it harder for regulators to track illicit activity.

A new FATF report says crypto exchanges operating offshore can create gaps in AML enforcement, making it harder for regulators to track illicit activity.

CFTC Chair Michael Selig has said that the agency has authority over prediction markets like Kalshi and Polymarket and warned it will defend that jurisdiction in court if challenged.

Bonk.fun warned users not to use its site after attackers hijacked the domain and pushed a fake wallet-draining prompt.

The US banking giant seeks trademark protection for βWFUSD,β covering crypto trading, payments, staking software and blockchain-based financial services.

US prosecutors moved to forfeit $3.44 million in USDt allegedly tied to a crypto investment scam that tricked victims into sending Ether to wallets controlled by fraudsters.

Nasdaq-listed Brera plans to rebrand as Solmate, wind down two soccer teams and propose a 10-for-1 reverse stock split as it pivots toward Solana.

Michael Selig said blockchain-powered prediction markets could improve price discovery and public information, even as several US states challenge the platforms in court.