![]() ![]() is also trying to establish a positive presence on the regulatory front. The Market in Crypto-Assets (MiCA) law has been endorsed by every European Union member, even if the U.S agencies are lacking in the area. Other initiatives promised in the statement include diplomatic efforts to build capacity that helps to disrupt ransomware operations, and work "to eliminate safe havens for the operators who conduct such disruptive and destabilizing operations". The majority of the world’s major economies are gradually implementing cryptocurrency rules. Such actions are already under way: ahead of the summit Australia announced a ransomware policy under which the nation promised to amend its criminal statutes to "strengthen law enforcement's ability to intercept cybercriminals' financial transactions in cryptocurrency, including the ability to obtain information on, and monitor, digital wallets." Never mind Russia: Turkey and Vietnam are Microsoft's new state-backed hacker threats du jour.'We do see institutions pulling back on loan volumes and raising loan standards,' Federal Reserve Bank of San. Russia-based criminals are still the UK's number 1 cyber-foe, NSO Group's wares a 'red flag' says NCSC chief Feds Daly: Credit Tightening May Lead to a Couple Hikes.Google's VirusTotal reports that 95% of ransomware spotted targets Windows Tom Keene, Jon Ferro, Lisa Abramowicz, and Paul Sweeney have the economy and the markets 'under surveillance' as they cover the latest in finance, economics and investment."We will enhance the capacity of our national authorities, to include regulators, financial intelligence units, and law enforcement to regulate, supervise, investigate, and take action against virtual asset exploitation with appropriate protections for privacy, and recognizing that specific actions may vary based on domestic contexts." The summit attendees emerged "dedicated to enhancing our efforts to disrupt the ransomware business model and associated money-laundering activities, including through ensuring our national AML frameworks effectively identify and mitigate risks associated with virtual asset service providers and related activities. Spotty implementation of the Task Force's rules "creates an environment permissive to jurisdictional arbitrage by malicious actors seeking platforms to move illicit proceeds without being subject to appropriate anti-money laundering (AML) and other obligations," the statement reads, pulling few punches albeit diplomatically. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |