SEC issues laundering alert

Quick Summary:

The Securities and Exchange Commission (SEC) has issued a directive to digital asset operators under its supervision, urging them to file suspicious transaction reports to combat money laundering.

The move follows reports alleging the direct sales firm iCon Group laundered funds using USDT, a popular stablecoin.

The SEC also proposed the TDO implement measures to temper digital asset trading volatility, such as issuing warnings to investors when cryptocurrency prices fluctuate by more than 30% in a single day.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Laundering Icon Direct Reports Cryptocurrency Sales Digital Asset Exchange Using Money

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 05:44:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 602 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23332681

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 19 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 2 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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