UK Slaps Sanctions On $20B Crypto Black Market Tied To Southeast Asia Scam Rings
Blockchain analytics firm Chainalysis puts the number at close to $20 billion — the estimated volume of dirty money that flowed through Xinbi, a Chinese-language crypto marketplace, between 2021 and 2025. Now the UK government wants to shut it down. Related Reading: Ethereum Supply Tightens As Staking And Outflows Hit Record Highs Scam Hubs At The Center Of It All Britain’s Foreign, Commonwealth & Development Office announced Thursday that it has imposed sweeping sanctions on Xinbi, a platform accused of providing crypto-based services, scam tools, and other criminal resources to bad....
Related News
Jasmine Telecom Systems has announced its ambitious Bitcoin mining plans to become the largest BTC miner in Southeast Asia.
The largest bank in Southeast Asia, DBS, has launched self-directed cryptocurrency trading via its app. More customers are now qualified to access the bank’s digital asset exchange and trade cryptocurrencies, including bitcoin and ether. DBS Launches Self-Directed Crypto Trading DBS, the largest bank in Southeast Asia, announced Friday that it....
In Southeast Asia, Bitcoin is gaining traction as a genuine store of value as investors in the region are viewing the digital currency as an attractive investment opportunity. Among the Bitcoin companies located there, Luno (formerly BitX) and Bitcoin Indonesia have watched this growth with interest. Headquartered in Singapore, Luno allows customers to buy, sell and store the digital currency. It operates in several countries around the world including the U.K., South Africa and Nigeria. In Southeast Asia, Luno has operations in Malaysia, one of its largest markets, as well as in....
Andreas Antonopoulos to tour SouthEast Asia delivering talks on Bitcoin and cryptocurrency technology. Andreas M. Antonopoulos, a well-known personality in the cryptocurrency space has turned into an apostle. The vocal advocate of Bitcoin and cryptocurrency technology, Andreas is soon going to promote the digital currency across Southeast Asia. Antonopoulos has scheduled a Southeast Asia tour starting February 17, 2017. The tour will begin with a speech at the TRYBE Workspace in Phnom Penh, Cambodia. The event is being organized by Coin Cafe, a unique Bitcoin-themed restaurant in the city.....
DBS, the largest bank in Southeast Asia, says it is “the first bank in Singapore to make a foray into the metaverse.” A DBS executive explained that “The metaverse presents exciting opportunities to redefine how we live, work and engage with each other.”
DBS Entering the Metaverse
Southeast Asia’s largest bank, DBS, announced Friday a partnership with The Sandbox, a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain.
The aim of the partnership is “to create DBS Better....