Banks in Kazakhstan to Open Accounts for Registered Crypto Exchanges

Companies providing trading services for digital assets will be able to open accounts with banks in Kazakhstan, local media reported, quoting the country’s crypto industry association. The service should allow Kazakhs to legally invest in cryptocurrencies and cash out their profits. Crypto Exchanges in Kazakhstan to Be Offered Banking Services Kazakh banks will be permitted…

Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges

The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of the country. These searches were directed to find shell companies that used cryptocurrency exchanges for alleged money laundering purposes. Brazilian Police Seize $33 Million…

CoinShares: Despite outflows from Bitcoin and Ethereum, multi-digital asset investments are seeing inflows

According to CoinShares, Europe’s largest digital asset fund manager, digital asset investment products suffered outflows for the third week in a row, this time totaling US$28 million. Bitcoin experienced the most withdrawals, but multi-digital asset investment products received inflows of US$3.1 million, putting them in the black. Fast facts:  According to CoinShares, bitcoin investment products…