Category: Fraud

Digital ruble could be still vulnerable to fraud, Russian banks warn

Digital ruble could be still vulnerable to fraud, Russian banks warn

The Association of Russian Banks is worried about regulators being unable to track illicit transactions of an offline-enabled digital ruble. 3202 Total views 22 Total shares Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions. The Association of Russian Banks, […]

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Ensuring trust in crypto is tough, but audits and transparency go a long way

Ensuring trust in crypto is tough, but audits and transparency go a long way

On Dec. 9, the total market capitalization of cryptocurrencies soared past $535 billion. This is a significant increase from last year, when the cumulative market capitalization of cryptocurrencies was just over $199 billion.  With such impressive growth underway, it shouldn’t come as a surprise that companies operating in the cryptocurrency sector are taking additional measures […]

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Australian senator says blockchain can make financial compliance easier

Australian senator says blockchain can make financial compliance easier

“The future is technology by blockchain,” says an Australian Liberal senator. 5810 Total views 41 Total shares Australian Liberal Senator Andrew Bragg thinks that blockchain technology can solve a number of major regulatory issues in his home country. According to Bragg, blockchain technology could become a useful tool in reducing complications associated with financial regulatory […]

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