According to local media, the use of cryptocurrency for illicit purposes has skyrocketed in Brazil, with criminal groups leveraging it for money laundering purposes. The number reached 71 million reais (nearly $14 million) of 505 billion reais ($100 billion) that circulated in Brazil in 2025. Brazil Registers Large Rise In Illegal Cryptocurrency Seizures Brazil, one […]
The post Latam Insights: Coinbase Co-Founder Eyes Venezuela as Grupo Salinas Embraces Stablecoins appeared on BitcoinEthereumNews.com.
Key Takeaways Worth $2.6B, Coinbase’s Fred Ersham met officials to explore investments in Venezuela’s financial revival. Mexico’s Grupo Salinas tapped Anchorage Digital to next use a stablecoin system for cross-border flows. Over $1.7B in illicit flows, Brazil fined Banco Topazio, and enforced a 2-year crypto trading ban. Coinbase Co-Founder Meets with US and Venezuelan Officials in Major Investment Push Fred Ersham, co-founder of U.S.-based cryptocurrency exchange Coinbase and Paradigm, a venture capital firm, has traveled to Venezuela several times and has been meeting with government officials, including interim president Delcy Rodriguez and U.S. Interior Secretary Doug Burgum, according to Bloomberg. Ersham, with a net worth of $2.6 billion, would be interested in investing in several sectors of the Venezuelan economy, including fintech and payments
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Coinbase co-founder Fred Ersham considers investing in Venezuela, Grupo Salinas partners with Anchorage Digital, and Brazil bans a bank from conducting foreign crypto trades. Coinbase Co-Founder Meets with US and Venezuelan Officials in […]
The post CLARITY Act Clears Committee, But Money Laundering Question Hovers Over Crypto appeared on BitcoinEthereumNews.com.
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Last year, there was a 162% year-over-year increase in illicit crypto flows driven by a 694% jump in value received by sanctioned entities. ‘;
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The institution issued a ban on Banco Topazio’s ability to conduct foreign purchases and sales of cryptocurrency assets for two years after detecting irregularities in the due diligence processes for these operations. Additionally, the institution was fined $3.2 million. Central Bank of Brazil Bans Banco Topazio From Conducting Crypto Trading Operations As banks enter the […]
Tether freezes $213M in USDT linked to Gurhan Kiziloz following Brazilian court ruling. Tether has frozen more than $213 million linked to Gurhan Kiziloz and 48 USDT accounts associated with his company following a Brazilian court ruling tied to gambling…
AI's integration into money laundering operations significantly amplifies the scale and complexity of financial crimes, challenging regulatory frameworks.
The post Australian watchdog warns of AI’s role in escalating money laundering appeared first on Crypto Briefing.
The post DOJ indicts 19-year-old Canadian and Miami co-conspirator in $13 million crypto fraud scheme appeared on BitcoinEthereumNews.com.
A federal grand jury in Miami has charged a 19-year-old Canadian national and his partner for running a cryptocurrency fraud and money laundering operation that stole more than $13 million from their victims. The charges were announced yesterday, May 11, after a lengthy investigation into their operations. According to the DOJ press release, one of the accused, Trenton Richard David Johnston, allegedly impersonated customer support representatives from major search engines and crypto companies to gain access to victims’ digital wallets and accounts. After gaining access, Johnston and unnamed co-conspirators transferred their assets to personal accounts. Canadian on expired visa implicated in $13M crypto scam The indictment named Johnston alongside 28-year-old Brandon Michael Tardibone, a resident of Miami. Prosecutors accused Tardibone of knowingly
