• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Saturday, March 25, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

12 crypto exchanges are unregistered, reveals Mexican authorities

News
by Gauri Bhatia
29 July 2021
12 crypto exchanges are unregistered, reveals Mexican authorities
Share on FacebookShare on Twitter

Mexico’s regulatory body, Financial Intelligence Unit (UIF) has accused 12 cryptocurrency exchanges of operating without registration and reporting requirements with the authorities.

Local newspaper El Economista reported on Wednesday 12 exchanges are operating illegally in Mexico according to Santiago Nieto Castillo, head of the agency. The names of the exchanges have not been revealed.

In a seminar on financial intelligence and risk management, Nieto Castillo said:

“We are generating cases so that the attorney general’s office can operate.”

He further added:

“A fundamental issue will be to analyze cryptocurrencies and their relationship with criminal groups. I am struck by the fact that many of the cryptocurrency platforms are installed in several municipalities in the state of Jalisco.”

Jalisco is an area controlled by a drug cartel called Nueva Generación. He explained that restraining crimes related to cryptocurrencies such as money laundering is a key issue the regulators are trying to solve.

According to the Fintech Law, which came into effect in 2020, exchanges that record transactions increasing M$57,804 (US$2,896) have to report the transactions to the regulatory body.

Previous Post

Secured Finance secures $4 million to revolutionize DeFi

Next Post

Miami city to issue its own cryptocurrency ‘MiamiCoin’

Gauri Bhatia

Gauri Bhatia

Gauri is a full-time Content Writer at Our Bitcoin News. With a degree in Economics, she covers major news and concerns surrounding crypto-space.

Related Posts

US ConsenSys explains the purpose of acquiring user data of Metamask, which is criticized

MetaMask supports web service login function using wallet address

by Kurt Ebenzer
25 March 2023

MetaMask implements EIP-4361 MetaMask, a self-managed wallet for crypto assets (virtual currency), announced on the 24th that it implemented EIP-4361....

US Nasdaq provides price data for stock tokens

Nasdaq to launch cryptocurrency custody service soon

by Kurt Ebenzer
25 March 2023

Cryptocurrency custody service aiming to start in 2Q Nasdaq, a major U.S. stock exchange, will launch “Nasdaq Digital Assets,” a...

US OpenAI Announces Subscription Plan for Conversational AI Language Model “ChatGPT”

US OpenAI to start supporting ChatGPT plugin Internet access possible

by Kurt Ebenzer
25 March 2023

ChatGPT plugin OpenAI of the United States announced on the 23rd that it has started a test process for implementing...

No Result
View All Result

Recent Posts

  • MetaMask supports web service login function using wallet address
  • Nasdaq to launch cryptocurrency custody service soon
  • US OpenAI to start supporting ChatGPT plugin Internet access possible
  • El Salvador president to introduce tax exemption for innovation
  • Terra co-founder arrested in Montenegro / BTC and ETH volatility indicators are in an unusual state for the first time in about two years[3/18-3/24 top news]| coindesk JAPAN | Coindesk Japan
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News