Search Results for: Foreign

China Alerts on Foreign Mapping Firms Using Crypto Rewards for Sensitive Data Collection

The Chinese Ministry of State Security (MSS) issued a warning on February 20, 2024, about certain foreign mapping companies engaging in activities that potentially compromise national security. According to Zaobao, these companies incentivize individuals within China to collect sensitive geographical data through the use of specialized equipment and “check-in” activities on maps, in exchange for crypto … Continue reading China Alerts on Foreign Mapping Firms Using Crypto Rewards for Sensitive Data Collection

Binance Executive Nadeem Arjarwalla Traced to Kenya After Escape from Nigerian Custody

Nadeem Arjarwalla, a senior official of Binance, escaped from detention in Nigeria, and the Nigerian authorities was able to track him down in Kenya . Arjarwalla is charged with participating in operations that caused major disruptions in the Nigerian naira exchange rate market . Arjarwalla’s cover was exposed after he arrived in Kenya, and the … Continue reading Binance Executive Nadeem Arjarwalla Traced to Kenya After Escape from Nigerian Custody

Facebook Libra: The Latest Crypto Used in Illegal Financial Activities?

“With the evolution of virtual currencies and new marketplaces, nefarious actors are continuously adapting to find new ways to engage in illegal financial activity.” said U.S. Representatives Emanuel Cleaver, during the briefing with Financial Crimes Enforcement Network (FinCEN) on 27 June. The discussion with FinCEN focused on the use of AI and ML technology to … Continue reading Facebook Libra: The Latest Crypto Used in Illegal Financial Activities?

Exclusive: Lack of Interdisciplinarity – Culprit for FinTech Talent Shortage

Exclusive interview with Prof. Aris Stouraitis: Part 1 In FinTech, the talent shortage is always a pain point in Hong Kong. It is our pleasure to discuss with Professor Aris Stouraitis, Department Head of Finance & Decision Sciences at Hong Kong Baptist University, to share with us the culprit of FinTech talent shortage. He also … Continue reading Exclusive: Lack of Interdisciplinarity – Culprit for FinTech Talent Shortage

Fighting for Monetary and Financial Freedom

If we want to understand why blockchain will disrupt and uproot our current monetary and financial system, we need to understand the following: the history of currency; what is a currency; why currency exists; and the relationship between currency and wealth. Then we look at three key aspects (money form, money issuance, and the flow … Continue reading Fighting for Monetary and Financial Freedom

UN Investigates North Korea on Cyberattacks Funding WMD

The U.N. experts are currently investigating 35 cases in 17 countries where North Koreas were using cyberattacks to raise money for the military objective.    They are calling for sanctions against ships that are providing gasoline and diesel to the country as a precaution for the money raised to be used for weapons of mass destruction … Continue reading UN Investigates North Korea on Cyberattacks Funding WMD

Bitcoin Access in East Africa Boosted by Paxful

Paxful is a key worldwide peer-to-peer platform dealing with Bitcoin. Part of Paxful’s intentions is scaling up Bitcoin access in Kenya as well as other parts of East Africa. This is in line with the institution’s goal of propelling economic inclusivity to the neglected persons in Africa.  Since 2015, this company has been instrumental in … Continue reading Bitcoin Access in East Africa Boosted by Paxful

Beware of an Overseas Crypto Scam, Thai Regulator Stipulates

The Thai Securities and Exchange Commission (SEC) has unraveled the latest crypto scam whereby potential investors are coerced into functioning with overseas companies. According to the Bangkok Post, the Thai regulator is knowledgeable about various illegitimate companies taking part in the purported scam identified as FX trading corporation. Notably, this entity does not have any … Continue reading Beware of an Overseas Crypto Scam, Thai Regulator Stipulates

Whatsapp is Close to Launching Digital Payments in Indonesia

Whatsapp, the Facebook-owned messaging platform has been engaging in preliminary talks with multiple Fintech establishments to launch digital payments in Indonesia.     The digital payment system by Whatsapp could become the second country globally where it will be launched, as reported by Reuters. Facebook’s dealings with digital wallets could become a template for Whatsapp to adopt in other emerging markets … Continue reading Whatsapp is Close to Launching Digital Payments in Indonesia

Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines

The Central Bank of Brazil has adopted the classification of cryptocurrencies being sold or purchased under the International Monetary Fund (IMF) guidelines.      According to the announcement from the Brazil Central Bank, IMF guidelines will now be followed. Cryptocurrencies will be classified as non-financial products and will be classified as goods on its balance sheet.      The external sector … Continue reading Brazil Central Bank Moves to Follow IMF Crypto Classification Guidelines

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