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FinCEN Seeks to Block Huione from US System Citing North Korea-Linked Crypto Crimes

Bitcoinist LogoBitcoinist23h ago

FinCEN Seeks to Block Huione from US System Citing North Korea-Linked Crypto Crimes - Bitcoinist

Quick Summary:

The US Treasury Department is taking steps to sever financial ties with Cambodia-based Huione Group over its alleged involvement in laundering billions in illicit crypto-linked funds.

However, the UN has also warned that similar groups continue to emerge across Southeast Asia, potentially undermining enforcement efforts targeting Huione alone.

The proposal to restrict Huione comes amid growing global concern over the rise in crypto-related financial crime.

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FinCEN Seeks to Block Huione from US System Citing North Korea-Linked Crypto Crimes - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-03 @ 06:30:21 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 28328659

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 11 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions

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The story "FinCEN Seeks to Block Huione from US System Citing North Korea-Linked Crypto Crimes" has 466 words across 31 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "FinCEN Seeks to Block Huione from US System Citing North Korea-Linked Crypto Crimes" was covered 23 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 11 news stories per day.

It's most recent story was published 10 hours ago.

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  • News ID: #28328659
  • URL: https://quasi-deafly.beamstart.com/news/fincen-seeks-to-block-huione-17462545743498

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