More money lost to scams in “traditional finance” than crypto
One of the most persistent beliefs regarding crypto is the prevalence of fraud. However, fraud is just as, if not more prevalent in the traditional financial markets. Is crypto getting a bad rap?
Watch Out: Crypto scams are on the rise
A new report from the UK’s Financial Conduct Authority (FCA) looks at the growing number of crypto-related scams. The FCA warns members of the public to stay vigilant as the number of fraud-related activities is increasing and scammers are becoming more sophisticated.
Digital payments – Analysing the cyber landscape
In this thought leadership, the authors examine the digital payments ecosystem from a lens of readiness of framework for adopting the technology, emergence of new industry (Fintech), security and preventive measures that an Indian citizen needs to take before taking a leap of faith in the digital world, and measures to avoid frauds.
Four Blockchain Use Cases for Banks
This whitepaper sets out four potential use cases for banks including reduction of fraud, KYC, trading platforms and concentrating on the last use case of payments, in considering the possibility of utilising blockchain technology in banking.
Block Notary app uses blockchain timestamping to combat credit card fraud
In a brand new use for blockchain timestamping services, startup Block Notary has found a way to combat credit card fraud, starting with major Russian payment network Pay-me.
Commission presses Member States on VAT revenue collection
This important study highlights once again the need for further reform in VAT collection systems across the EU. I urge Member States to take the steps needed to fight tax evasion and tax fraud at all levels. This remains a burning issue and is at the top of this Commission's agenda."
Recommendations to prevent virtual currencies from being used for fraudulent purposes and money laundering
The group produced an overview of the risks and threats associated with virtual currencies, and drew up a set of recommendations with an eye to lessening their impact. Since the virtual currency sector is growing by leaps and bounds, it is worth pointing out that the recommendations are based on an analysis of the situation as of June 2014
