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Crypto Crackdown! FCA Arrests Masterminds Behind £1 Billion Operation

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The Financial Conduct Authority (FCA), in conjunction with the Metropolitan Police, recently apprehended two individuals involved in operating an unregulated cryptocurrency exchange. This development marks a significant step in the ongoing effort to curb illicit use of cryptocurrencies in the region.

The arrested suspects, aged 38 and 44, allegedly facilitated transactions amounting to over £1 billion in unregistered digital assets. Their activities came under scrutiny from the FCA, leading to a thorough investigation.

The investigation included searches of offices and residences linked to the suspects in London, during which authorities seized several digital devices crucial to the case. Following their apprehension, both suspects were released on bail after receiving a police caution from the FCA.

Therese Chambers, the FCA’s Executive Director of Enforcement and Market Oversight, underscored the agency’s commitment to enforcing compliance within the crypto asset sector. She emphasized, “These arrests demonstrate our resolve to prevent cryptocurrency firms from engaging in unlawful activities in the UK.”

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UK regulations mandate that cryptocurrency exchanges must be registered with the FCA, adhering to strict anti-money laundering guidelines. This regulatory framework is essential for ensuring transparency and combating financial crimes.

The FCA’s proactive measures reflect its dedication to safeguarding the integrity of the UK financial system amid the increasing popularity of cryptocurrencies. By maintaining a stringent approach, the FCA aims to protect investors and maintain trust in the financial markets.

Source: coinpedia.org 

The post Crypto Crackdown! FCA Arrests Masterminds Behind £1 Billion Operation appeared first on HIPTHER Alerts.

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India Electronic Contract Services Market to Worth Over US$ 624.33 Million By 2033 | eSignature Demand Among Financial Institutes to Remain High Says Astute Analytica

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UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System

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The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.

Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.

“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”

ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.

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“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”

The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.

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Bybit Supports Wildlife Conservation Through Sea Turtle Adoption Initiative with Subsum

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