archiveINDS08

Banking

Blinken to visit Israel, West Bank, UAE this week to continue Gaza diplomacy

U.S. Secretary of State Antony Blinken disembarks from his airplane upon arrival at Brussels Airport in Brussels, Belgium, on November 27, 2023, as he travels to a NATO foreign ministers' meeting. SAUL LOEB/Pool via REUTERS Acquire Licensing RightsBRUSSELS, Nov 27 (Reuters) - U.S. Secretary of State Antony Blinken will visit Israel, the West Bank and the United Arab Emirates this week, the U.S. State Department said on Monday, as Washington aims to press for more humanitarian aid for Gaza and help secure the release of all hostages kidnapped by Hamas.Blinken...
Cryptocurrency

Former Binance CEO Changpeng Zhao must stay in US for time being, judge says

Zhao Changpeng, founder and chief executive officer of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 16, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 27 (Reuters) - Former Binance chief Changpeng Zhao must stay in the United States for the time being, a federal judge said on Monday, after the founder of the world's largest cryptocurrency exchange pleaded guilty to violating U.S. anti-money laundering laws.Zhao will be required to stay in the United States until the Seattle...
Cryptocurrency

New crypto front emerges in Israel’s militant financing fight

LONDON, Nov 27 (Reuters) - A new front has emerged in Israel's fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron.Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with groups designated as terror organizations by Israel, the United States and other countries, according to interviews with seven financial crime experts and blockchain investigations specialists.A Reuters' analysis of crypto seizures announced by Israeli security services since 2021 reflects the trend,...
Finance

Binance’s Zhao to admit guilt, step down to settle US illicit finance probe

Zhao Changpeng, founder and chief executive officer of Binance speaks during an event in Athens, Greece, November 25, 2022. REUTERS/Costas Baltas/File photo Acquire Licensing RightsNEW YORK, Nov 21 (Reuters) - Binance chief executive Changpeng Zhao will admit violating U.S. laws as part of a $4 billion settlement resolving a years-long probe into illicit finance breaches at the world's largest crypto exchange, said two sources familiar with the matter.He will also step down and plead guilty to violating criminal U.S. anti-money laundering requirements in a Seattle federal court on Tuesday, the...
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