The Swedish Police Authority and the Financial Intelligence Unit (FIU) have classified cryptocurrency exchanges as “professional money launderers (PML)” after analyzing services provided by unlicensed and illegal operators.
According to the FIU, PMLs have criminal connections and facilitate numerous individuals and criminal networks in systematically laundering money.
The FIU identified four profiles based on their analysis of these illicit activities: the node exchange provider, the hawala exchange provider, the asset exchange provider, and the platform exchange provider.
The report emphasized the need for greater law enforcement involvement in monitoring crypto trading platforms to curb illegal services, stating:
“FIU Sweden assesses illicit cryptocurrency providers as an emerging threat within money laundering schemes and a crucial part for organized crime to maintain and expand their criminal markets.”
Conversely, the Swedish authorities recognized the importance of licensed and legitimate crypto trading platforms in combating money laundering activities. They urged these entities to monitor suspicious trading patterns among users and take necessary actions, such as stopping transactions and offboarding clients.
In addition, Sweden’s ongoing crackdown on illegal cryptocurrency activities recently targeted the nation’s Bitcoin mining community.
The Swedish Tax Agency conducted investigations into 21 crypto-mining firms from 2020 to 2023 and found ambiguities in their tax filings.
The investigation uncovered that 18 of these firms provided “misleading or incomplete” information to evade value-added tax on taxable operations. The agency reported, “the described approach leads to tax disappearing from the country in the form of incorrect payments of input VAT, unpaid output VAT and unreported crypto assets.”
The crypto mining firms contested a $90 million tax demand in the administrative court. Of the appeals, two were accepted, and the court stated, “the amounts above have been adjusted with regard to the verdicts.”
Pepe Warrior could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe Warrior (PEPEWAR), a new Solana memecoin that was launched today, is poised to explode over 18,000% in price in the coming days.
This is because PEPEWAR is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe Warrior can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Warrior could become the next viral memecoin.
Pepe Warrior launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Warrior on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Warrior by entering its contract address – EEP2VmX7dSbdTB8jdfjeyFqQ8eBhMF4YiV81gRbMgcq – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEWAR.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
More than 40 Republican Party senators and representatives in the United States have urged the SEC to rescind its “disastrous” Staff Accounting Bulletin No. 121 (SAB 121) rule, following bipartisan support for a repeal bill that was vetoed.
In a letter dated Sept. 23 to SEC Chair Gary Gensler, House Financial Services Committee Chair Patrick McHenry and Senator Cynthia Lummis, along with 40 other politicians, claimed that SAB 121 disrupts custody rules for cryptocurrencies, weakens consumer protections, and stifles financial innovation.
The 42 politicians further stated that SAB 121— a proposed rule requiring SEC-reporting entities that hold cryptocurrencies to list those holdings as liabilities—was issued without consultation with “prudent regulators” and deviates from established accounting standards.
“It would fail to reflect the legal and economic obligations of the custodian and put consumers at risk of loss,” the letter asserted.
“By issuing this rule under the guise of staff guidance, the SEC evaded the notice and comment rulemaking process required by the Administrative Procedure Act,” the politicians added.
“Rescinding SAB 121 is the only appropriate action and well within the SEC’s authority.”
Democratic Representative Wiley Nickel has claimed that SAB 121 would hinder U.S. banks from custodying cryptocurrency exchange-traded products at scale, creating a “concentration risk” by giving non-bank entities more control.
The letter was sent ahead of a House Financial Services Committee hearing with the SEC on Sept. 24.
The politicians also criticized the SEC’s Office of the Chief Accountant for allegedly collaborating with certain institutions to circumvent the balance sheet reporting requirements, potentially leading to inconsistencies.
According to a Sept. 17 hearing in Wyoming, the Bank of New York Mellon, the largest custodian bank in the U.S., reportedly received an exemption from SAB 121.
The letter’s supporters mainly consisted of Republican members from the House Financial Services and Senate Committee on Banking, Housing, and Urban Affairs.
President Joe Biden vetoed the SAB 121 repeal bill in June after it received bipartisan support, and the House later failed to overturn that veto on July 10, falling 60 votes short of the necessary two-thirds majority.
Elon Pumps could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Elon Pumps (ELONPUMP), a new Solana memecoin that was launched today, is poised to explode over 19,000% in price in the coming days.
This is because ELONPUMP is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Elon Pumps can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Elon Pumps could become the next viral memecoin.
Elon Pumps launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Elon Pumps on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Elon Pumps by entering its contract address – 9EwZaRCDjZWs2AkiSi2nhPxcExjtv5obd5kYXDRipyir – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ELONPUMP.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Rekt Bears could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Rekt Bears (REKTBEAR), a Solana memecoin launched today, is set to explode over 16,000% in price in the coming days.
This is because REKTBEAR is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Rekt Bears can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Rekt Bears could become the next viral memecoin.
Rekt Bears launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Rekt Bears on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Rekt Bears by entering its contract address – 3sXpovRTBeXxZ4pvoxtmEadVbA6YKMVCaXLZceC7wbc7 – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like REKTBEAR.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Altcoins have shown considerable strength following Bitcoin’s recent recovery over the past month, leading analysts to suggest that the market may be on the brink of an altcoin season.
“The past few days have been very bullish for many #Altcoins!” said ParabolicPump, co-founder of Crypto Capital, in a Sept. 23 post on X.
Popular trader 360Trader noted that TOTAL3, which represents the total crypto market capitalization excluding BTC and ETH, had retested the upper boundary of a falling channel.
Although this crucial level has suppressed prices since March 2024, a decisive close above it would confirm a “nail in the coffin for bears,” they stated.
According to ParabolicPump, as altcoin prices rally, Bitcoin’s dominance is nearing a downside break from its rising wedge. “It is only a matter of time,” the analyst pointed out, adding: “Every bull run in crypto had a phase where Bitcoin dominance dropped to the downside significantly.”
As of Sept. 23, Bitcoin’s dominance stands at 57.39%, down 1.09% over the past week, according to data from Cointelegraph Markets Pro and TradingView. Traders often watch for signs that Bitcoin dominance is peaking as an indicator to sell BTC and invest in alternative coins.
Popular analyst Nebraskangooner suggested that Bitcoin’s recent rise to 58.61% may have marked the top for this metric, as a bearish divergence in the relative strength index (RSI) signaled a weakening market structure for BTC.
Meanwhile, pseudonymous analyst Moustance noted that TOTAL2, representing altcoins’ total market cap excluding BTC, is breaking out of a descending broadening wedge that has been active for six months.
Moustache explained that the optimistic outlook for altcoins is bolstered by the RSI breaking out of a downward trend, along with an impending bullish cross from the moving average convergence divergence indicator.
“A god candle like we haven’t seen for years is loading, in my opinion,” they stated.
However, the altcoin season index by Blockchain Center indicates that an altseason has not yet arrived. According to this index: “If 75% of the top 50 coins performed better than Bitcoin over the last season (90 days), it is the Altcoin Season.”
Despite the compelling technicals, it may still be premature to conclude that an altcoin season has begun, as only 39% of the leading 50 altcoins have outperformed Bitcoin in the last 90 days. Since the index is below 75, it suggests that it is not yet altcoin season.
Pepe Warrior could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe Warrior (PEPEWAR), a new Solana memecoin that was launched today, is poised to explode over 18,000% in price in the coming days.
This is because PEPEWAR is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe Warrior can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Warrior could become the next viral memecoin.
Pepe Warrior launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Warrior on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Warrior by entering its contract address – EEP2VmX7dSbdTB8jdfjeyFqQ8eBhMF4YiV81gRbMgcq – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEWAR.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Elon Pumps could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Elon Pumps (ELONPUMP), a new Solana memecoin that was launched today, is poised to explode over 19,000% in price in the coming days.
This is because ELONPUMP is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Elon Pumps can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Elon Pumps could become the next viral memecoin.
Elon Pumps launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Elon Pumps on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Elon Pumps by entering its contract address – 9EwZaRCDjZWs2AkiSi2nhPxcExjtv5obd5kYXDRipyir – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ELONPUMP.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Rekt Bears could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did.
Rekt Bears (REKTBEAR), a Solana memecoin launched today, is set to explode over 16,000% in price in the coming days.
This is because REKTBEAR is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings.
Currently, Rekt Bears can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Rekt Bears could become the next viral memecoin.
Rekt Bears launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Rekt Bears on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Rekt Bears by entering its contract address – 3sXpovRTBeXxZ4pvoxtmEadVbA6YKMVCaXLZceC7wbc7 – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like REKTBEAR.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Pepe Warrior could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe Warrior (PEPEWAR), a new Solana memecoin that was launched today, is poised to explode over 18,000% in price in the coming days.
This is because PEPEWAR is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe Warrior can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Warrior could become the next viral memecoin.
Pepe Warrior launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Warrior on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Warrior by entering its contract address – EEP2VmX7dSbdTB8jdfjeyFqQ8eBhMF4YiV81gRbMgcq – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEWAR.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.