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European watchdogs demand detail on Facebook’s cryptocurrency

Facebook’s fledgling cryptocurrency faced mounting scrutiny on Tuesday as European central bankers and regulators demanded more detail on the social… Read More

Unit of Norway’s DNB fined in anti-money laundering probe

Norway’s Financial Supervisory Authority (FSA) said on Tuesday it had fined a subsidiary of Norwegian bank DNB for failing to comply with anti-money laundering regulations. DNB Naeringsmegling, a real estate brokerage for commercial property, was given a so-called non-compliance fee of 30,000 Norwegian crowns ($3,532) for failing to properly impose… Read More

European Authorities Arrest 6 for €24m Bitcoin Theft, Money Laundering

British and Dutch officials have arrested six individuals for their alleged roles in stealing €24 million in cryptocurrency from thousands of victims in a dozen countries. The suspects—five men and one woman—were arrested Tuesday morning in the UK’s Lower Weston and Staverton and the Dutch cities of Amsterdam and Rotterdam,… Read More