(BEIJING) JUST IN: PBOC Report: Peoples Bank of China – Declares that all cryptocurrency related business is illegal in a statement on Friday #AceNewsDesk report

#AceNewsReport – Sept.25: Chinese government agencies including the country’s securities regulator and the People’s Bank of China (PBOC) said in a statement on Friday that all cryptocurrency-related business activities are illegal and vowed to clamp down on illicit activities involving digital currencies.

#AceDailyNews says that according CNN Business report Bitcoin plummets after China intensifies cryptocurrency crackdown as agencies said that overseas crypto exchanges would be blocked from providing services to Chinese residents through the internet. Bitcoin (XBT) fell about 5% on the news. Ethereum, another leading cryptocurrency, was down 9%.

A visual representation of the digital Cryptocurrency, Bitcoin on December 07, 2017 in London, England.
Beijing (CNN Business) — China is intensifying its crackdown on cryptocurrencies.

The agencies said that China would develop “new systems” to counter risks posed by cryptocurrencies. China will gradually start shutting down crypto mining operations, and no new mining projects will be permitted, the National Development and Reform Commission said in a separate statement.

The announcements are the latest in a series of tough measures from China on cryptocurrencies. In May, Chinese Vice Premier Liu He told a group of finance officials that the government would “clamp down on bitcoin mining and trading activity” as part of its goal to achieve financial stability. And finance and banking watchdogs said that financial institutions and payment companies should not participate in any transactions related to cryptocurrency, nor should they provide crypto-related services to their clients.The measures aren’t just about curtailing financial risk. The computers needed for bitcoin mining eat up a ton of computing power and electricity, raising concerns about the cost to the environment.

China was on track to generate more than 130 million metric tons of carbon emissions by 2024, according to a Nature Communications study. That’s more than the total annual carbon emissions output from the Czech Republic and Qatar in 2016.

That kind of output is also disastrous for China’s ambitious climate plans. President Xi Jinping has vowed to make his country carbon neutral by 2060, and the country is already struggling to contain carbon emissions from other industries.

— CNN Business’ Laura He contributed to this report

#AceNewsDesk report ………Published: Sept.25: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#beijing, #china, #cryptocurrency

(LONDON) MET Economic Crime Command Report: Detectives have made the UK’s largest cryptocurrency seizure worth nearly £180million, superseding the previous record set just weeks ago #AceNewsDesk report

#AceNewsReport – July.13: The seizures were made by detective from the Met’s Economic Crime Command on the back of intelligence received about the transfer of criminal assets. They form part of an ongoing investigation into international money laundering.

#AceDailyNews report that detectives break record in new cryptocurrency seizure worth nearly £180million this is believed to be one of the largest seizures globally and tops the £114million confiscation made by the Met on Thursday, 24 June as the investigation continues.

A 39-year-old woman was arrested on 24 June on suspicion of money laundering offences. She was released on bail: The same woman was interviewed under caution in relation to the discovery of the near £180 million worth of cryptocurrency on Saturday 10 July. She has been bailed to a date in late July:

Detective Constable Joe Ryan said: “Less than a month ago we successfully seized £114million in cryptocurrency. Our investigation since then has been complex and wide-ranging. We have worked hard to trace this money and identify the criminality it may be linked to. Today’s seizure is another significant landmark in this investigation which will continue for months to come as we hone in on those at the centre of this suspected money laundering operation.”

Deputy Assistant Commissioner Graham McNulty said: “Proceeds of crime are laundered in many different ways. While cash still remains king in the criminal word, as digital platforms develop we’re increasingly seeing organised criminals using cryptocurrency to launder their dirty money: Whilst some years ago this was fairly unchartered territory, we now have highly trained officers and specialist units working hard in this space to remain one step ahead of those using it for illicit gain: The detectives on this case have worked tirelessly and meticulously to trace millions of pounds worth of cryptocurrency suspected of being linked to criminality and now being laundered to hide the trail. Those linked to this money are clearly working hard to hide it. Our investigation will stop at nothing to disrupt the transfer and identify those involved.”

#AceNewsDesk report ………Published: July.13: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#crime, #cryptocurrency, #economic, #london, #met

(LONDON) MET Economic Crime Command Report: Specialist detectives investigating money laundering offences made the seizure worth £114 million – the largest cryptocurrency seizure in the UK and believed to be one of the largest globally #AceNewsDesk report

#AceNewsReport – June.25: The seizure was carried out by detectives from the Met’s Economic Crime Command on the back of intelligence received about the transfer of criminal assets:

#AceDailyNews reports that MET detectives Met have made on of the the world’s largest cryptocurrency seizures across the capital that officers say has an inherent link between laundering and violence as their investigation is continuening …..

The investigation continues:

Detective Constable Joe Ryan said: “Criminals need to legitimise their money otherwise it risks being seized by law enforcement. The proceeds of crime are almost always laundered to hide the origin, but by disrupting the flow of funds before they are reinvested, we can make London an incredibly difficult place for criminals to operate.”

Deputy Assistant Commissioner Graham McNulty said: “Every single part of the Met is working to reduce violence on the streets of London as an absolute priority, this includes our financial investigators. 

“There is an inherent link between money and violence. Violence is used to extort, blackmail, burgle, control and exploit. It’s used to protect criminal profits and maintain control of territories.

“Cash remains king, but as technology and online platforms develop, some are moving to more sophisticated methods of laundering their profits. But, we have highly trained officers and specialist units working day and night to remain one step ahead.

“These officers not only work to disrupt and seize funds being transferred digitally, they continue to deprive criminals of hard cash. In the financial year 2020/21, we have seized more than £47 million from the hands of criminals. This cash can no longer be reinvested in crime, it cannot be used to buy and peddle drugs and weapons, and cannot be used to entice and exploit young and vulnerable people into criminality.”

#AceNewsDesk report ……Published: Jun.25: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#cryptocurrency, #detectives, #economic, #london, #met

(WASHINGTON) Justice Dept Report: Today announced that it has seized 63.7 bitcoins currently valued at approximately $2.3 million that were the proceeds of Ransomeware paid to a group called Darkside who targeted Colonial Pipeline in May:2021: #AceNewsDesk report

#AceNewsReport – June.08: The seizure warrant was authorized earlier today by the Honorable Laurel Beeler, U.S. Magistrate Judge for the Northern District of California.

Department of Justice Seizes $2.3 Million in Cryptocurrency Paid to the Ransomware Extortionists Darkside and these funds allegedly represent the proceeds of a May 8, ransom payment to individuals in a group known as DarkSide, which had targeted Colonial Pipeline, resulting in critical infrastructure being taken out of operation.

Remarks as Prepared: DOJ: DAG Monaco Delivers Remarks at Press Conference on Darkside Attack on Colonial Pipeline Today, the Department of Justice is announcing a significant development in the ransomware attack on the Colonial Pipeline………Thank you all for being here.

Following the money remains one of the most basic, yet powerful tools we have,” said Deputy Attorney General Lisa O. Monaco for the U.S. Department of Justice. “Ransom payments are the fuel that propels the digital extortion engine, and today’s announcement demonstrates that the United States will use all available tools to make these attacks more costly and less profitable for criminal enterprises. We will continue to target the entire ransomware ecosystem to disrupt and deter these attacks. Today’s announcements also demonstrate the value of early notification to law enforcement; we thank Colonial Pipeline for quickly notifying the FBI when they learned that they were targeted by DarkSide.”

“There is no place beyond the reach of the FBI to conceal illicit funds that will prevent us from imposing risk and consequences upon malicious cyber actors,” said FBI Deputy Director Paul Abbate. “We will continue to use all of our available resources and leverage our domestic and international partnerships to disrupt ransomware attacks and protect our private sector partners and the American public.” 

“Cyber criminals are employing ever more elaborate schemes to convert technology into tools of digital extortion,” said Acting U.S. Attorney for the Northern District of California Stephanie Hinds. “We need to continue improving the cyber resiliency of our critical infrastructure across the nation, including in the Northern District of California. We will also continue developing advanced methods to improve our ability to track and recover digital ransom payments.”

On or about May 7, Colonial Pipeline was the victim of a highly publicized ransomware attack resulting in the company taking portions of its infrastructure out of operation. Colonial Pipeline reported to the FBI that its computer network was accessed by an organization named DarkSide and that it had received and paid a ransom demand for approximately 75 bitcoins.

As alleged in the supporting affidavit, by reviewing the Bitcoin public ledger, law enforcement was able to track multiple transfers of bitcoin and identify that approximately 63.7 bitcoins, representing the proceeds of the victim’s ransom payment, had been transferred to a specific address, for which the FBI has the “private key,” or the rough equivalent of a password needed to access assets accessible from the specific Bitcoin address. This bitcoin represents proceeds traceable to a computer intrusion and property involved in money laundering and may be seized pursuant to criminal and civil forfeiture statutes. 

The Special Prosecutions Section and Asset Forfeiture Unit of the U.S. Attorney’s Office for the Northern District of California is handling the seizure, with significant assistance from the Department of Justice Criminal Division’s Money Laundering and Asset Recovery Section and Computer Crime and Intellectual Property Section, and the National Security Division’s Counterintelligence and Export Control Section. The Department components who worked on this seizure coordinated their efforts through the Department’s Ransomware and Digital Extortion Task Force, which was created to combat the growing number of ransomware and digital extortion attacks.

The Task Force prioritizes the disruption, investigation, and prosecution of ransomware and digital extortion activity by tracking and dismantling the development and deployment of malware, identifying the cybercriminals responsible, and holding those individuals accountable for their crimes. The Task Force also strategically targets the ransomware criminal ecosystem as a whole and collaborates with domestic and foreign government agencies as well as private sector partners to combat this significant criminal threat.

#AceNewsDesk report ……….Published: Jun.09: 2021:

Editor says #AceNewsDesk reports by https://t.me/acenewsdaily and all our posts, also links can be found at here for Twitter and Live Feeds https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#bitcoin, #cryptocurrency, #darkside, #ransomware, #washington