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Governments are doing everything they can to combat money laundering (ML) and crimes related to cryptocurrencies. The UAE police have planned to use Artificial Intelligence (AI) and Blockchain to track crypto money laundering and prevent other types of crimes related to digital currencies.

Employees of the Security Service of Ukraine (SBU) are suspected of kidnapping a foreign citizen to demand a ransom. To save himself from threats and torture, the man paid the kidnappers 7.5 Bitcoins.

About 86% of the central banks including Bank of America and the ECB, are busy delving into the development of CBDCs to defend their territories from the evasion of Bitcoin and other digital assets.

The head of the UK’s Crown Prosecution Service (CPS) recently made remarks saying they expect a rise in cryptocurrency sam cases in the UK. In an interview with Financial Times, Max Hill QC, a CPS director of public prosecution said the authority predicts an uptick in the number of scams.

Hackers broke into hundreds of security-cameras belonging to carmaker Tesla Inc., to gain access to the data collected by Verkada Inc., to prove the pervasiveness of video surveillance, and also expose the vulnerability existing in the walls of cybersecurity of these systems.

Privacy coins have been a quite controversial topic for long. While many users favour them as a way to preserve their privacy, cryptocurrency exchanges and regulators are against them. But do they really pose a threat?

2020 was quite a controversial year for the cryptocurrency industry. It started with the bearish sentiment, triggering the collapse of the market. However, the second half of the year turned out to be positive for cryptocurrency, as COVID-related lockdown triggered a significant interest in it.

Privacy coins have been the lasting concern of the governments and financial authorities. Their enhanced anonymity features allow to use the coins for illegal purposes such as tax evasion, money-laundering, terrorism financing, drug trading, cryptojacking, etc.

Eastern European countries are topping the list in cryptoasset adoption speed. Particularly, Ukraine and Russia have topped others because they have unduly intensive cryptocurrency usage. This shows that a bigger ration of nationals has moved away from traditional monetary activity to cryptoassets.