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Weekly Roundup: FinCEN Finds Hamas Cryptocurrency Payments, Russian Owns Maltese Fintech, and More

An internal report authored by the U.S. Treasury Department's Financial Crimes Enforcement Network, also known as FinCEN, and obtained by The Wall Street Journal indicates that U.S.-blacklisted terrorist group Hamas has conducted more than 300 transactions in cryptocurrency over the past three years at a combined value of $165 million. More A U.S. official cited the report's findings in calling for federal lawmakers to pass legislation to strengthen oversight of cryptocurrency, Coindesk reported. More Papaya, a Latvian owned, Maltese electronic money institution allegedly at the center of an international money-laundering scheme, is suspected of being secretly controlled by a Russian...

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