Comando Vermelho (CV) and Primeiro Comando da Capital (PCC), considered the largest criminal groups in Brazil, have been designated as terrorist organizations by the U.S. government. The two groups have been involved in the use of digital currency as a money laundering tool for their drug trafficking activities in Brazil and around the world. Comando […]
The post DOJ Charges Google Engineer Over $1.2M Polymarket Insider Trading Scheme appeared on BitcoinEthereumNews.com.
TLDR: Google engineer Michele Spagnuolo allegedly used confidential data to profit $1.2M on Polymarket. Spagnuolo operated under the alias “AlphaRaccoon” and risked approximately $2.75M in total bets. The DOJ charged him with commodities fraud, wire fraud, and money laundering across three counts. Combined maximum sentencing across all three federal charges totals up to fifty years in prison. The U.S. Department of Justice has charged Michele Spagnuolo, a Google software engineer, with commodities fraud, wire fraud, and money laundering. Prosecutors allege he used confidential company data to place bets on Polymarket, a prediction market platform. Operating under the alias “AlphaRaccoon,” Spagnuolo allegedly generated over $1.2 million in profits between October and December 2025, risking approximately $2.75 million in total wagers tied to nonpublic Google information.
The post Latam Insights: The Global War on Crypto Laundering Heats up Across Mexico and Brazil appeared on BitcoinEthereumNews.com.
Key Takeaways Under Instruction 739, Brazil mandates CVM-registered independent audits to grant crypto licenses. Claudia Sheinbaum inked a €5B EU deal, allowing Mexico to coordinate global anti-laundering rules. Marco Rubio labeled CV and PCC as global terrorists, with FTO compliance penalties starting on June 5. New Rules for Crypto in Brazil: Central Bank Demands Strict Independent Audits for VASPs The Central Bank of Brazil has introduced yet another requirement to approve the operation of virtual asset service providers (VASPs) in the country. Under Normative Instruction No. 739, issued on Friday, the bank now requires VASPs to present an independent audit from an entity registered with the Brazilian Securities and Exchange Commission (CVM) to issue operational licenses. The audits, referred to as “reasonable assurance reports,” must contain data asses
The post FBI Seizes 127,000 Bitcoin in Global Scam Network Bust appeared on BitcoinEthereumNews.com.
FBI’s Operation Blackout seized over $8 billion and dismantled a global crypto scam network. Nearly 2,000 trafficked workers were freed as authorities shut down scam compounds worldwide. The FBI says crypto fraud networks increasingly combine scams, money laundering, and trafficking. The FBI has broken up a vast cryptocurrency fraud network that authorities say stole billions of dollars from victims around the world. The operation, which stretched across Asia, Africa, the Middle East and the United Arab Emirates, targeted criminal groups accused of running online investment and romance scams while forcing thousands of people to work in scam compounds. As part of the crackdown, U.S. investigators seized more than 127,000 bitcoin linked to Cambodian businessman Chen Zhi, chief executive of Prince Holding Group, according to a Fox News report. Officials described it as the largest cryptocu
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, Brazil adds audit requirements for VASPs, Mexico and the EU explore opportunities to target crypto money laundering at a global scale, and the US government declares Brazil’s gangs as global terrorist organizations. New […]
The post New Rules for Crypto in Brazil: Central Bank Demands Strict Independent Audits for VASPs appeared on BitcoinEthereumNews.com.
Key Takeaways Central Bank of Brazil issued Instruction 739, forcing VASPs to get independent audits to secure licenses. Audits must ensure that each VASP is prepared to combat and prevent crypto-linked crime. Following the $5B Hidden Flow case, Brazil’s new rules will next tighten oversight to avoid crypto laundering. Central Bank Of Brazil Moves to Add Audit Requirement for VASPs The Central Bank of Brazil has introduced yet another requirement to approve the operation of virtual asset service providers (VASPs) in the country. Under Normative Instruction No. 739, issued on Friday, the bank now requires VASPs to present an independent audit from an entity registered with the Brazilian Securities and Exchange Commission (CVM) to issue operational licenses. The audits, referred to as “reasonable assurance reports,” must contain data assessing the VASP’s
According to Normative Instruction No. 739, issued on Friday, VASPs will now need to undergo an audit by an approved third-party entity to obtain authorization to operate in Brazil. The requirement adds to an already stringent regulation, making the process of obtaining a license in Brazil more difficult. Central Bank Of Brazil Moves to Add […]
The post UK targets Russian sanctions evasion in digital asset sector appeared on BitcoinEthereumNews.com.
Homepage > News > Business > UK targets Russian sanctions evasion in digital asset sector The United Kingdom’s Foreign Secretary, Yvette Cooper, has announced new sanctions targeting digital currency in a bid to shut off “financial lifelines that sustain Putin’s war machine,” including adding digital asset exchange HTX to the country’s list of sanctioned entities over its support of Russia. On May 26, the U.K. Foreign Office revealed it would be ramping up measures against digital asset networks used to bypass Britain’s sanctions, in an effort to prevent Russia from exploiting the sector to circumvent the heavy economic sanctions placed on the country since its illegal invasion of Ukraine in February 2022. “If the Kremlin thinks it can evade our sanctions by hiding behind crypto networks and shadow financial systems, it is gravely mistaken,” Foreign Secretary Cooper said in a May
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