Category: CRYPTOCURRENCIES

Hong Kong Security Crackdown Leads To Record Capital Outflows— Residents Reportedly Used Cryptocurrencies To Move Funds

The Canadian anti-money laundering agency, Fintrac, says it recorded official capital inflows originating from Hong Kong that totaled more than $34 billion in the past year. The outflows, which are…

African Migrants Are Turning To Cryptocurrency Platforms For ‘Low-Fee Remittances’

As central banks on the African continent fight to keep cryptocurrencies from going mainstream, many more migrant workers are increasingly turning to money-sending platforms that use cryptocurrencies when moving funds…

Russian Anti-Money Laundering Body Will Monitor Crypto To Fiat Transactions, Says Official

Herman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat. Neglyad made this…