Cryptocurrency

romania-bans-polymarket-over-illegal-cryptocurrency-betting-activities

Romania Bans Polymarket Over Illegal Cryptocurrency Betting Activities

 The HALLO ECHO
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Reading Time: < 1 minute   Romania’s National Office for Gambling (ONJN) has officially blacklisted Polymarket, a prominent prediction market that allows users to bet on future events, citing its operation as an unlicensed gambling platform. The decision comes amid heightened concerns over crypto-based betting during recent election cycles, where Polymarket reportedly saw trading volumes…

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AUSTRAC Cracks Down on Cryptolink for Late Reporting

 The HALLO ECHO
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Reading Time: 2 minutes AUSTRAC has issued Cryptolink an infringement notice of $56,340 and accepted a court-enforceable undertaking that addresses the company’s AML/CTF deficiencies. The action follows AUSTRAC’s Crypto Taskforce identifying late reporting of large cash transactions and weaknesses in the company’s money laundering and terrorism financing risk assessments. AUSTRAC CEO Brendan Thomas said the…

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Payhound Selects Chainalysis’ Crypto Compliance Solution for Regulatory and Operational Safety

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Reading Time: < 1 minute   Fintech crypto company Payhound has selected Chainalysis, the blockchain data platform, to safeguard operations from exposure to malicious activity and uphold strict compliance standards. With a strong commitment to combating illicit activities and a regulatory obligation to safeguard its customers, Payhound has chosen Chainalysis as part of its compliance…

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Singapore Gambling Regulatory Authority to Crack Down on Use of Crypto Assets

 The HALLO ECHO
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  Singapore’s new gambling regulator, the Gambling Regulatory Authority (GRA), announced it has no plans to legalise the use of cryptocurrency within its land-based gaming industry as it continues to explore the use of crypto across video game and social gaming platforms. In what appears to be a continuation of Singapore’s general opposition to the…

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Turkish Authorities Seize Crypto Worth $40M in Gambling Raid

 The HALLO ECHO
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  As part of their investigation into an unlawful gambling network, Turkish officials have confiscated $40 million worth of cryptocurrencies. When it comes to gambling, Turkey is quite strict. The government outlawed casinos in 1998. And since 2006, all forms of internet gambling have been illegal, with the exception of a single state-run service. The…

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Brazilian Senate Approves Cryptocurrency Law Project

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  Brazil’s Senate has passed a cryptocurrency law project that seeks to give more clarity and protect users from different cryptocurrency-related scams that have happened in the country. The project will now advance to the Chamber of Deputies, which will be responsible for debating and approving or rejecting this new project. The project was elaborated…

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