US policymakers target ex-govt staff joining crypto industry Qoute Coin
New York City: The United States lawmakers have introduced legislation designed to stop former government officials from joining the crypto or blockchain industries. The United States Justice Department has unsealed an indictment accusing a North Korean man of running a global money laundering operation through cryptocurrency exchanges. The U.S. Department of Justice (DOJ) announced Thursday that it has charged a Russian national with conspiring to launder $19.5 million worth of cryptocurrencies on behalf of two Russian-based hackers. A report released by the U.S.-based private intelligence firm Recorded Future warned that Chinese state-sponsored threat groups are increasingly using Wasabi wallet to conduct illicit activities.
US lawmakers have introduced legislation designed to stop former government officials from joining the crypto or blockchain industries.
The legislation, dubbed the “Crypto Executive Order Act” by its sponsors, would bar any former government official from joining the crypto or blockchain industries within 180 days of leaving office.
It also states that no one with knowledge of how federal agencies operate should work on a blockchain project without first getting approval from Congress and the Office of Government Ethics (OGE).
The goal is to prevent corruption and conflicts of interest between those working in government and those who have left it behind for greener pastures. It also aims at preventing misuse of insider information for personal gain.
The United States Justice Department has unsealed an indictment accusing a North Korean man of running a global money laundering operation through cryptocurrency exchanges.
The United States Justice Department has unsealed an indictment accusing a North Korean man of running a global money laundering operation through cryptocurrency exchanges.
The DOJ has charged one of North Korea’s leading cryptocurrency exchanges and its owner with money laundering, according to court documents that were unsealed on Monday.
According to the documents, Kim Yong-Hyun worked at Binance as director of marketing from 2013 until 2016 before leaving for an unnamed “other country.” He then returned in 2017 as CEO until his arrest last month by federal authorities who are now investigating him on suspicion of crimes related to money laundering.
The U.S. Department of Justice (DOJ) announced Thursday that it has charged a Russian national with conspiring to launder $19.5 million worth of cryptocurrencies on behalf of two Russian-based hackers.
The U.S. Department of Justice (DOJ) announced Thursday that it has charged a Russian national with conspiring to launder $19.5 million worth of cryptocurrencies on behalf of two Russian-based hackers.
The criminal complaint alleges that Alexander Vinnik, also known as Sunny King and The Pirate, helped conceal more than $75 million in illicit proceeds generated by the hacks on three companies: BTC-e, Mt Gox and Bitfinex. It further alleges Vinnik used his access to their systems to move funds from the victims into his personal accounts at Bitcoin wallets he controlled or was associated with other wallets owned by him or another person named in the indictment who used similar methods for moving illicit funds out of Russia through multiple exchanges around the world.
The DOJ said Vinnik allegedly laundered most of these funds through transactions at Binance and Poloniex before moving them into other cryptocurrency exchanges such as Kraken and ShapeShift where they could be converted back into fiat currencies like USD via wire transfers or direct conversion using credit cards issued by Visa/Mastercard companies — both common ways criminals launder money today due simply because neither banks nor law enforcement authorities want anything related directly tied back directly tied back directly tied back directly tied back directly tied back.
A report released by the U.S.-based private intelligence firm Recorded Future warned that Chinese state-sponsored threat groups are increasingly using Wasabi wallet to conduct illicit activities.
Wasabi wallet is a privacy-focused wallet that was created by the developers of the Monero blockchain to help users remain anonymous while storing funds. However, it’s not open source, so it’s difficult to verify what it does.
The report released by Recorded Future warned that Chinese state-sponsored threat groups are increasingly using Wasabi wallet to conduct illicit activities. The report also states that other threats groups have used this service as well, including North Korean hackers and Iranian hackers.
The White House has notified Congress that it plans to sell Taiwan $1.8 billion in weapons, according to Reuters, which cited three sources familiar with the proposed transaction.
The White House has notified Congress that it plans to sell Taiwan $1.8 billion in weapons, according to Reuters, which cited three sources familiar with the proposed transaction.
The package includes more than 100 military aircraft and helicopters, as well as other equipment such as radar systems and communication devices. It’s expected to be announced publicly soon and would mark a sharp increase from previous sales between the United States and Taiwan that have involved less expensive items such as spare parts or ammunition for older systems deployed by US forces around Asia during the Cold War era (1947–1991).
The move comes amid growing tensions between Washington and Beijing over trade issues like technology theft, intellectual property theft and forced technology transfer by Chinese companies who want access to US markets but aren’t able compete fairly against American firms on their own terms due largely because they’re required by law not just within China itself but also within its borders too!
It looks like this could be the beginning of tensions between the United States and China heating up again after they cooled down during the trade war negotiations.
It looks like this could be the beginning of tensions between the United States and China heating up again after they cooled down during the trade war negotiations.
The White House has notified Congress that it plans to sell Taiwan $1.8 billion in weapons for its military. This is part of an effort to bolster relations between Taiwan, which considers itself a sovereign nation but is not recognized by other countries as such, and its allies since China has been increasing pressure on them economically over their support for independence movements on the island nation’s offshore islands known as Kinmen or Matsu (the latter being used by Beijing as leverage against Taipei).
Conclusion
The U.S. government’s decision to sell Taiwan $1.8 billion worth of weapons is a clear indication that tensions are heating up between the two countries again after they cooled down during trade war negotiations. It looks like this could be the beginning of tensions between the United States and China heating up again after they cooled down during trade war negotiations.
