UK’s FCA Defends Strict Crypto Stance to Combat Illicit Activities

In response to growing criticism of its stringent registration rules for cryptocurrency firms, the UK’s Financial Conduct Authority (FCA) has defended the policies, stating that they are necessary to maintain the integrity of the financial system.
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Indonesia Extends Deadline for Crypto Exchange Licenses

The Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) has extended the deadline for crypto exchanges to obtain a Physical Crypto Asset Traders (PFAK) license until late November 2024, allowing more time for compliance with updated regulations.
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Japanese Police Arrest Suspect Yuta Kobayashi for ¥100 Million Crypto Laundering Scheme

Yuta Kobayashi, a 26-year-old from Japan, was arrested for laundering ¥100M through Monero in a credit card fraud scheme. Japanese authorities linked about 900 fraudulent transactions to his group, marking a significant move in combating cryptocurrency-related financial crimes in Japan.
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Bitcoin Price Forecast: Analyst Warns BTC Amid Major Breakout as Resistance Weakens 

Over the past 24 hours, the Bitcoin price has made another key advancement, pushing past the resistance at $69,000, though it has since retraced. One analyst, however, thinks the push could go much further, noting a breakout from a multi-month downtrend in its early stages.
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