Regulators are intensifying supervision and enforcement of anti-money laundering (AML) laws, aiming for a zero-tolerance approach to criminal activity. As cryptocurrency usage expands, service providers face increased challenges from money launderers exploiting the speed and anonymity of online virtual asset transactions. Users engaging in buying and selling cryptocurrencies rely on online wallets and exchanges, enabling...Read More

As the popularity of cryptocurrencies continues to rise, so does the emergence of various platforms offering crypto investment and lending services. Centralized Finance (CeFi) platforms have gained significant attention due to their ease of use and potential for high returns. However, it is crucial for investors to be aware of the risks associated with these...Read More

Introduction: In a concerning turn of events, users of Atomic Wallet have recently reported the complete loss of their crypto portfolios. Atomic Wallet, a non-custodial decentralized wallet, has experienced a major security breach resulting in users reporting the complete loss of their crypto portfolios. The company places the responsibility for asset storage squarely on the...Read More

Telecom and online fraud have grown rampant in China in the past decade. It may surprise many, that China has developed an extensive number of laws regarding the regulation of Internet activities, and enforcement by a number of different government departments. There is no doubt though that despite these laws, Internet crimes in China are...Read More

Key Takeaways Crypto Legal tracks multiple threats known as Sha Zhu Pan, or “Pig Butchering” threats. These are confidence-based threats similar to romance scams. The threat actors lure a victim into depositing cryptocurrency into a fake cryptocurrency exchange. The threat actor steals the money. These pig butchering threats are typically managed by a large industry...Read More

Cryptocurrency has become the new gold rush during the last few years. Even though it’s difficult to repeat the success of Bitcoin investors who earned thousands if not millions of dollars, it’s still possible. However, there is a serious downside to cryptocurrency popularity. Everyone wants to invest in a digital coin and gain great profit....Read More

If you bought a Ledger hardware wallet, may it be the Ledger Nano S or the Bluetooth-enabled Ledger Nano X, chances are, you’ve bought them to have better security over your funds. And yes, you’ve definitely made a great choice. With that said, when you’re using a Ledger hardware wallet, it doesn’t automatically mean that...Read More

Losing access to your crypto is, unfortunately, a common occurrence in the crypto world: whether it’s due to forgetting your seed phrase to a particular wallet, a project you’ve bought into has been rug pulled, or one of your favourite NFT projects being hacked. While the monetary fallback of a situation like this is more...Read More