As India’s Finance Minister Nirmala Sitharaman prepares to present the Union Budget on February 1, the country’s income tax authorities have issued a stark warning to Parliament: the government’s ability to track and tax cryptocurrency transactions is being severely undermined by fundamental enforcement challenges. In a presentation to the parliamentary standing committee on finance, officials highlighted how the borderless, pseudonymous nature of virtual digital assets creates significant gaps in tax recovery, signaling deep institutional discomfort with privately issued crypto assets like Bitcoin (BTC) and Ethereum (ETH) ahead of crucial budget decisions.
about India Tax Authorities Flag Crypto Enforcement Gaps Ahead of BudgetFinancial Intelligence Unit (FIU)
0 in Finance and 0 in Crypto last weekSouth Korea Flags Record 36,684 Suspicious Crypto Transactions in 2025
South Korean authorities have detected an unprecedented surge in suspicious cryptocurrency transactions during 2025, with the Financial Intelligence Unit reporting 36,684 flagged transactions in just eight months—exceeding the combined totals of the previous two years. This dramatic increase highlights growing regulatory scrutiny and anti-money laundering efforts in the digital asset space, signaling both enhanced monitoring capabilities and potential rises in illicit activity.
about South Korea Flags Record 36,684 Suspicious Crypto Transactions in 2025NZ Caps Int’l Cash Transfers to Fight Financial Crime
New Zealand’s government is introducing stricter measures to combat financial crimes, including a NZD 5,000 cap on international cash transfers and a ban on cryptocurrency ATMs. The reforms, part of an overhaul of the AML/CFT regime, will empower police and regulators with stronger enforcement tools and establish a new financial sanctions supervisory system. The Financial Intelligence Unit (FIU) will gain expanded authority to request data from banks and businesses. The changes target criminal money laundering while aiming to maintain business efficiency in a shifting global financial landscape.
about NZ Caps Int'l Cash Transfers to Fight Financial CrimeNZ Bans Crypto ATMs, Caps Cash Transfers to Fight Crime
New Zealand has introduced strict financial regulations, including a ban on crypto ATMs and a $5,000 limit on outbound cash transfers, to combat money laundering and organized crime. Associate Justice Minister Nicole McKee announced the policy overhaul, emphasizing its focus on criminal activity rather than legitimate businesses. The Financial Intelligence Unit (FIU) will gain expanded powers to monitor suspicious transactions, while two anti-money laundering bills aim to streamline compliance for low-risk entities. The move follows reports of crypto ATMs being exploited for laundering funds, with over 220 such machines currently operating in New Zealand. Similar restrictions have been implemented in Australia, reflecting a broader regulatory trend targeting crypto-related financial crime.
about NZ Bans Crypto ATMs, Caps Cash Transfers to Fight CrimeGermany Sees 8.2% Rise in Crypto Money Laundering Reports
Germany’s Financial Intelligence Unit (FIU) revealed an 8.2% year-on-year increase in cryptocurrency-related anti-money laundering (AML) reports, totaling 8,711 cases in 2023—a record 3.3% of all suspicious activity reports. Bitcoin dominated these cases, followed by Ethereum, XRP, Tether, and Litecoin. Traditional banks submitted over 6,000 reports, highlighting their role in monitoring crypto risks. The FIU warns that money laundering methods are evolving rapidly, outpacing traditional detection systems. Experts suggest AI-powered tools and stricter EU regulations like MiCA will be crucial in combating financial crime. Tobias Schweiger of Hawk predicts further increases in crypto-related reports as detection improves, emphasizing the need for proactive risk mitigation and real-time analytics.
about Germany Sees 8.2% Rise in Crypto Money Laundering ReportsApple Delists 14 Crypto Apps in South Korea Amid Crackdown
Apple has delisted 14 cryptocurrency apps in South Korea at the request of the Financial Intelligence Unit (FIU), targeting foreign virtual asset operators conducting unreported business. Among the banned apps are major exchanges KuCoin and MEXC, which were also removed from Google Play last month. This regulatory crackdown comes as crypto adoption surges in South Korea, with over 16 million accounts opened on the top five domestic exchanges. Meanwhile, banks are increasingly partnering with crypto firms as regulations ease, and a 2025 pilot program will allow corporate crypto transactions for the first time since 2017.
about Apple Delists 14 Crypto Apps in South Korea Amid Crackdown