Cryptocurrency News Official TheBitTimes.com

International crime-fighting agency Europol has praised blockchain’s security, but also highlighted high criminal activity in decentralized finance. Europol, the EU law enforcement organization, has published its first European Financial and Economic Crime Threat Assessment. It describes an in-depth assessment of the threats posed by cyber criminal s at the European level. Besides financial crimes in traditional finance, Europol also addressed in the document the illicit use of cryptocurrencies. Although the agency praised blockchain for its independence and security, Europol criticized decentralized finance (DeFi). The agency believes the lack of crypto regulation “leaves openings for economic crime since criminal s hold illicit assets on DeFi platforms.” “The use of cryptocurrencies for criminal schemes is also increasing in line with their overall adoption rate.” Europol You might also like: DeFi group urges UPSTO to protect crypto from ...

The SEC has requested permission to submit undisclosed documents under seal in its civil lawsuit against Binance, Binance.US, and CEO Changpeng Zhao. The U.S. Securities and Exchange Commission (SEC) submitted a request to the U.S. District Court for the District of Columbia, asking for permission to file certain documents under seal in its civil case against Binance, its U.S. subsidiary Binance.US, and the CEO, Changpeng Zhao (CZ). The content of the SEC’s motion itself is sealed , sparking speculation around the possibility of sensitive or potentially incriminating details. Former SEC official John Reed Stark weighed in on the issue, suggesting that the SEC’s sealed motion could be linked to an ongoing criminal investigation by the U.S. Department of Justice. What’s Up With The Secret U.S. SEC Motion Relating to Binance? In the U.S. SEC/Binance litigation, the U.S. SEC has filed a sealed motion for leave to file documents under seal, according to an SEC court fili...