Fun

Kosovo receives guidance from Council of Europe on crypto crime tracing

News Feed - 2024-09-25 04:09:22

Savannah Fortis10 hours agoKosovo receives guidance from Council of Europe on crypto crime tracingKosovo’s Financial Intelligence Unit partners with the Council of Europe to improve crypto crime tracing skills and strengthen regulations on digital currencies.959 Total views16 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onKosovo is taking the next step in boosting financial literacy in cryptocurrency as local finance leaders participate in a multiday workshop.


From Sept. 24 to Sept. 26, Kosovo’s Financial Intelligence Unit (FIU) leaders are joining the Cyberkop Action of the Octopus Project — an initiative from the Council of Europe — in aworkshop on cryptocurrencies and the challenges associated with digital currencies. Laying groundwork for crypto


According to the Council of Europe, the workshops unite financial intelligence experts, law enforcement, prosecutors and the Central Bank of Kosovo to strengthen both local skills and knowledge on digital currencies and Virtual Asset Service Providers (VASPs).  


The workshop also aims to provide these institutions with better tools for tracing and confiscating illicit digital currency transactions.


The FIU is one of the primary financial departments within the Kosovar government and maintains electronic communication with financial institutions and government agencies. 


Related:Crypto and commodities poised for massive rally, says market analyst


Another goal of the sessions is to deepen the understanding of existing legal frameworks around digital currencies and licensing aspects. 


The workshop also covers components relating to operations and investigations. The goal is to equip local Kosovar financial leaders with the skills to seize virtual assets and handle criminal cases involving cryptocurrencies based on the Council of Europe’s guidelines. Europe’s role in crypto


Kosovo still faces disputes over its legitimacy as a nation. It receives large amounts of support from both the European Union and the United States. 


The EU was one of the first regions globally to pass and implement a sweeping regulatory package to govern the crypto space. Its Markets in Crypto-Assets Regulation (MiCA) came into effect in June 2023. 


The EU’s 27 member states have until 2026 to prepare local businesses and institutions to comply with MiCA laws; after that, enforcement will be applied. 


Member states have been developing their own strategies for implementing the rules, with countries such as Ireland and Spain taking proactive measures to prepare digital asset firms within their jurisdictions for the future.


Magazine:Crypto whales like Humpy are gaming DAO votes — but there are solutions# Business# Europe# European Union# Crimes# RegulationAdd reaction

News Feed

Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs
Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs On Monday, the enterprise bitcoin mining operation Marathon Digital Holdings annou
Taiwanese music celebrity’s Solana memecoin sees wild price action after $40M presale
Zhiyuan Sun7 hours agoTaiwanese music celebrity’s Solana memecoin sees wild price action after $40M presaleDespite a largely successful sale, not all participants are happy about the volatile price action.4120 Total vi
Ankr expands Bitcoin liquid staking tokens to AI blockchain Talus
Zhiyuan Sun4 hours agoAnkr expands Bitcoin liquid staking tokens to AI blockchain TalusThe Bitcoin LSTs can be used to power the Talus blockchain"s virtual artificial intelligence assistants.5845 Total views25 Total shar
IMF recommends stablecoins and CBDCs to boost Pacific Islands’ economies
David Attlee13 hours agoIMF recommends stablecoins and CBDCs to boost Pacific Islands’ economiesWhile CBDCs might be the best option for those nations with existent currencies and mature banks, private stablecoins migh
5 bullish arguments that Bitcoin price just bottomed at $53K
Yashu Gola5 hours ago5 bullish arguments that Bitcoin price just bottomed at $53KBullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitc
Biggest Movers: DOGE Hits 1-Week High as Prices Rebound on Tuesday
Biggest Movers: DOGE Hits 1-Week High as Prices Rebound on Tuesday Dogecoin rose to a one-week high on Tuesday, as the meme coin rebounded from recent losses. The token rose by as
Circle launches USD Coin on Ethereum zkSync
Zhiyuan Sun6 hours agoCircle launches USD Coin on Ethereum zkSyncA surge in DeFi applications building on zkSync has led to demand for stablecoins that support the blockchain.887 Total views35 Total sharesListen to artic
Here’s What Happens If The XRP Price Closes Out This Week Above $2.25
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years
Derek Andersen6 hours agoProposed US Blockchain Integrity Act would ban crypto mixers for 2 yearsThe bill introduced in the House would impose a fine of up to $100,000 for handling funds from mixers, while the Treasury w
Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet
Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by th
Is The Bitcoin Top In? Bitcoin MVRV-Score Has The Answer
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
US Bitcoin ETFs raked in $1.1B this week, most since mid-July
Brayden Lindrea20 hours agoUS Bitcoin ETFs raked in $1.1B this week, most since mid-JulyBlackRock, ARK 21Shares and Fidelity’s Bitcoin products led the way with $499 million, $289.5 million and $206.1 million in inflow