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3/13/24

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Hello Wednesday!  It’s March 13, and we’re tracking today's top stories: Bitcoin Fog founder convicted of money laundering, Russia pivots south for trade, Binance-Nigeria brawl continues as country demands list of top 100 users, Trump Triumphs in Georgia case, and much more...

  

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🎯 Bitcoin Fog Founder Convicted of Money Laundering. Roman Sterlingov is the latest to fall to a U.S. government crackdown on illicit crypto mixing services, but his lawyers aren’t taking the verdict lying down. Cointelegraph 

 

Top Stories

 

🌎 From Moscow to Mumbai: Russia Pivots South for Trade. Once dependent on Europe for trade, Russia has been forging new routes that will allow it to skirt Western restrictions. NYT

 

🇷🇺 EU Firms Supply $630M in Equipment to Russia’s Arctic LNG 2 Project Moscow Times

 

🇷🇺 EU Lifts Sanctions on Yandex Co-Founder Volozh Moscow Times

 

🇷🇺 EU Leaders to Urge New Sanctions for Belarus, North Korea, Iran Bloomberg

 

🌎 Binance-Nigeria Brawl Continues as Country Asks Exchange to Submit List of Top 100 Users. Nigeria may seek a $10B fine from Binance as retribution as the country believes they “really messed up” the local economy. CoinDesk

 

🔐 Binance Founder Must Surrender Passport Crypto News

 

🔐 Bankrupt Terraform gets OK to hire law firm Dentons Reuters

 

🌎 Judge tosses six charges in Trump Georgia indictment. Judge rules that state failed to make specific enough allegations to support them. Politico

 

🌎 Congress is cracking down on TikTok because CFIUS hasn't. CFIUS had its powers strengthened during the Trump administration but hasn't used them to challenge TikTok. Axios

 

🇨🇳 Rand Paul: Proposed TikTok ban ‘makes no sense’ Hill

 

🌎 How the West might use Russia's frozen reserves. The lion's share of the $230B of Russian reserves locked in the EU are held in a Brussels-based depository called Euroclear. Reuters

 

🇷🇺 EU Plan to Use €3B of Russian Funds Faces Test Next Week Bloomberg

 

🌎 US Treasury's No. 2 urges South Africa to boost fight against corruption. Adeyemo's trip comes amid strains between Washington and Africa’s most industrialized economy over Russia's February 2022 invasion of Ukraine and Pretoria's criticism of Israel. Reuters

 

🌎 Biden likely took classified notebooks for $8M book deal. The former vice president read some of the material to his ghostwriter, who was helping him author his second memoir and did not have a security clearance. Washington Times

 

🌎 How the crime of counterfeiting is making a comeback. Even while the world's monetary transactions are going more electronic, the continued popularity of counterfeiting demonstrates that cash is still king. ABC

 

🌎 PwC Australia cuts another 300-plus jobs in wake of leaked tax plan scandal. Since the scandal broke in 2023, PwC has also spun off its government consulting practice to private equity firm Allegro Funds for A$1. Reuters

 

🌎 Dallas Cowboys quarterback Dak Prescott files lawsuit alleging woman is attempting to extort $100M. Prescott is alleging defamation, slander and civil conspiracy. CNN

IN THE NEWS

Russia

 

Russia’s Crude Shipments Rebound to the Highest Level This Year Bloomberg

 

Sanctioned Russian cargo plane visited Pyongyang Reuters

 

Russian Traders Reel From China Payment Problems Newsweek

 

Korean Authorities Probe Petchem Producers’ Naphtha Imports Bloomberg

 

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China

 

US lawmakers to propose legislation seeking scrutiny of Chinese real estate purchases Reuters

 

Malaysia Rises as Crucial Link in Chip Supply Chain NYT

 

As trade with China booms, some Russian companies are flourishing Reuters

 

Samsung to use tech favoured by SK Hynix as AI chip race heats up Reuters

 

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Corruption & Financial Crime

 

Four people caught running ‘large-scale’ marriage scam to get green cards for 600 migrants CBS

 

Convicting Politicians: As a bribery case against a U.S. senator moves forward, a look at why corruption charges are so hard to prove. WaPo

 

US pause on funding UN relief agency for Palestinians may become permanent Reuters

 

From US jail, Venezuelan general who defied Maduro awaits potentially lengthy sentence AP

 

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Crypto & Cyber

 

Feds seize $1.4M of tech support scam proceeds with the help of crypto firm Record

 

IP infringement rife in NFTs, but new laws not needed Cointelegraph

 

NFT Providers May Need Registration to Comply With UK Money Laundering Rules CoinDesk

 

Crypto exchange OKX receives in-principle approval for Singapore payments license Reuters

 

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Trafficking

 

Man charged with trafficking protected turtles found concealed in socks ABC

 

'Democrats for Border Security' task force seeks to redefine the party on immigration CNBC

 

Britain to offer failed asylum seekers 3,000 pounds to move to Rwanda Reuters

 

FBI director warns of 'dangerous individuals' coming across southern border ABC

 

Much more news at Illicit Edge!

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