Regulation

The founders of the Samourai Wallet crypto app have been sentenced to prison in the U.S. for operating an unlicensed money-transmitting business that laundered millions in criminal proceeds.

As the cryptocurrency market matures, governments worldwide are implementing new laws and tax regulations. This shift, which includes new tax frameworks in the US, Brazil, and South Korea and allows banks to hold crypto assets, signals that crypto is becoming a serious part of the global financial system.

A major UK criminal network laundered billions from drugs and human trafficking into cryptocurrency, with funds flowing to sanctioned Russian interests. The NCA’s investigation, aided by blockchain transparency, led to numerous arrests and the seizure of millions in assets.