Central Bank of Ireland Fines Coinbase €21.4 Million Over AML and CFT Failures

The Central Bank of Ireland has imposed a €21,464,734 fine on Coinbase Europe Limited for failing to meet its Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) obligations between 2021 and 2025. According to the regulator, Coinbase’s systems showed deficiencies in customer due diligence and significant delays in suspicious transaction reporting. Authorities emphasized…

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EU Unveils 19th Sanctions Package: Crypto Service Providers in the Crosshairs

The European Union (EU) has announced its 19th sanctions package, introducing tougher measures aimed at preventing the circumvention of financial restrictions. For the first time, crypto service providers are explicitly included among the targeted entities. EU officials cited “growing evidence” that digital assets are being used to bypass sanctions, emphasizing the need for stricter oversight…

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Europe Cracks Down on $700 Million Crypto Scam Network

A continent-wide crackdown has taken down a fake crypto investment network worth around $700 million, authorities confirmed this week. The joint operation, coordinated by Europol and Interpol, led to dozens of arrests and asset seizures across multiple European countries. Investigations revealed that fraudulent platforms lured thousands of investors with promises of unrealistically high returns. Officials…

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Trump Administration Signals Softer Stance on Crypto: “End of Biden’s War on Digital Assets?”

Recent signals from President Donald Trump’s administration suggest a softer stance toward the cryptocurrency industry, marking a potential shift from the strict regulatory approach under President Biden. Officials hinted that the so-called “war on crypto” may be coming to an end, as the new administration explores policies aimed at innovation and capital growth in the…

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Bitcoin as the Answer to National Debt”: U.S. Lawmaker Proposes Strategic BTC Reserve

U.S. Congress member Cynthia Lummis has proposed creating a “strategic Bitcoin reserve” as a potential solution to America’s growing national debt crisis. Lummis emphasized Bitcoin’s role as “digital gold” and a hedge against inflation, urging Washington to adopt innovative strategies for long-term fiscal stability. While economists describe the idea as “radical yet worth debating,” others…

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