Crypto debanking is ‘still occurring’ as banks stick to Chokepoint policies

Crypto debanking is ‘still occurring’ as banks stick to Chokepoint policies

Despite Trump’s pro-crypto stance, Unicoin CEO says US banks continue closing accounts for crypto firms under “Operation Chokepoint.” Crypto firms have been facing account closures and denials of banking services for years under the label of de-risking. Many in the crypto industry believe that the debanking represents a policy-driven effort to suppress digital assets, referred…

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Embargo ransomware group moved M in crypto since April: TRM Labs

Embargo ransomware group moved $34M in crypto since April: TRM Labs

TRM Labs says the Embargo ransomware group has moved over $34 million in ransom-linked crypto since April, targeting US hospitals and critical infrastructure. A relatively new ransomware group known as Embargo has become a key player in the cybercrime underground, moving over $34 million in crypto-linked ransom payments since April 2024. Operating under a ransomware-as-a-service…

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Bitcoin investment banks coming to El Salvador — Gov regulator

Bitcoin investment banks coming to El Salvador — Gov regulator

The new law will allow investment banks, which can underwrite companies, issue securities, and are institutionally focused, to hold BTC. Regulated Bitcoin (BTC) investment banks are coming to El Salvador, following Thursday’s approval of El Salvador’s Investment Banking Law, which classifies investment banks under different regulations than commercial banks. Investment banks will now be allowed…

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