Cryptocurrency

The Federal Bureau of Investigation (FBI) under the United States Department of Justice is hunting for Minh Quoc Nguyen, a Vietnamese national, for his alleged involvement in the laundering of US$3 billion worth of Bitcoin. Minh Quoc Nguyen is wanted for his alleged direct involvement in stealing identities and engaging in money laundering activity in furtherance of obfuscating and facilitating the functionality of the ChipMixer service, the FBI said on its website. Through the conduct, he allegedly facilitated the laundering of $3 billion worth of Bitcoin. The U.S. Department of Justice also confirmed the charges against Minh Quoc Nguyen, accusing him of flouting financial regulations. He used to tell users of a Bitcoin forum, “Money laundering is a crime made-up by governments that spy on their citizens." According to the FBI, Minh Quoc Nguyen was born in 1973 in Quang Binh Province, north-central Vietnam. He used many aliases, including Minh Nguyen Quoc, Quoc-Minh … [Read more...] about Vietnamese man wanted by FBI for allegedly engaging in $3bn Bitcoin laundering

Vietnamese authorities are in the process of verifying and investigating the case of Minh Quoc Nguyen, a Vietnamese national wanted by the FBI for his alleged involvement in a US$3 billion money laundering scheme. A screenshot of the FBI’s wanted notice against Minh Quoc Nguyen Discussing the case during a regular press briefing held on March 23 in Hanoi, Pham Thu Hang, deputy spokesperson of the Ministry of Foreign Affairs, said that the nation is a responsible state actor in the fight, prevention, and control of hi-tech and transnational crimes. Hang noted that any actions which make use of cyberspace to infringe upon the legitimate rights and interests of agencies and personal organisations will be investigated and handled in accordance with the law. This comes after the FBI under the United States Department of Justice confirmed that it is in the process of hunting for Minh Quoc Nguyen, a Vietnamese national, for his alleged involvement in the … [Read more...] about Vietnam launches investigation into local man wanted by FBI

An eight-count indictment against Kwon was made public in the U.S. District Court in Manhattan, several hours after news of his arrest earlier Thursday in Montenegro. Lawyers for Kwon in the United States did not immediately respond to requests for comment after business hours. Thursday's indictment charges Kwon, a South Korean national who co-founded Terraform Labs and developed the TerraUSD and Luna currencies, with two counts each of securities fraud, wire fraud, commodities fraud and conspiracy. The criminal case follows related U.S. Securities and Exchange Commission civil charges against Kwon and Terraform last month. Kwon had been a fugitive for several months, and South Korean authorities issued an arrest warrant for him last September. Montenegro's interior ministry said local police detained a person thought to be Kwon and a second suspect, who were trying to board a flight to Dubai at Podgorica airport. … [Read more...] about Crypto founder Do Kwon is indicted in US following Montenegro arrest

Illustrative image (Photo source: Azmilaw) Kuala Lumpur - Globally, the usage of blockchain technology ps beyond cryptocurrencies, said Asso. Prof Afizan Bin Azman from the Taylor’s University of Malaysia. Moving forward, the Malaysian Industry-Government Group for High Technology (MIGHT) has stated that Malaysia will be adopting blockchain by 2025 and many banking institutions are requested to explore and adopt this technology into their financial systems. As medical data is a highly privacy-sensitive element, blockchain’s distributed ledger technology in health care makes it easier to transfer patient medical records securely, improve health care data security, control the medication supply chain, and aid genetic code study in the medical field, therefore ensuring medical data integrity and privacy in Malaysia. By VNA … [Read more...] about Malaysia to adopt blockchain in health care by 2025