ChainCatcher news, according to Cointelegraph, the Swedish Police Authority and the Financial Intelligence Unit (FIU) recently released a report classifying certain cryptocurrency exchanges as "Professional Money Launderers (PML)" and identified four typical money laundering patterns.The report categorizes these illegal exchanges into node trading providers, Hawala trading providers, asset trading providers, and platform trading providers. Node trading providers are deeply integrated into criminal networks, facilitating two-way transactions; Hawala trading providers are connected to underground banking systems, with extensive influence in the Middle East; asset trading providers systematically use crypto assets, with large transaction volumes; and platform trading providers operate on public P2P platforms, primarily serving small-scale drug buyers and fraudsters.The Swedish FIU emphasizes that these illegal cryptocurrency service providers represent an emerging money laundering threat and are crucial to the expansion of organized crime. Authorities are calling for strengthened regulation of cryptocurrency trading platforms while also recognizing the role of legitimate platforms in combating money laundering, urging them to closely monitor suspicious transaction patterns.

ChainCatcher news, economists at Sweden's Nordea Bank stated in a report that as the U.S. economy is expected to achieve a soft landing, boosting the global economy, Sweden is likely to see substantial growth in the coming years.The Federal Reserve is expected to cut interest rates from the current high next month, with some analysts suggesting that policymakers may lower rates by 0.5 percentage points instead of the more cautious 0.25 percentage points.Nordea Bank indicated that this should increase momentum in Sweden, as the Swedish central bank has already cut rates twice. Lower interest rates and taxes will promote growth in domestic output, with the bank's chief economist Jens Magnusson stating that according to the latest forecasts, domestic output is expected to grow by 2.6% in 2025, followed by a growth of 2.9% the following year. A recession in the U.S. is ultimately avoidable, which will benefit the entire global economy. (Jin Shi)

ChainCatcher news, Genesis Digital Assets Limited (GDA) has launched a new project in Norsjö, Sweden, utilizing the residual heat from one of its Bitcoin mining data centers to heat local garages.GDA operates 20 data centers with 600 megawatts (MW) of hash power and over 180,000 mining devices, and has partnered with Muttern Fastigheter to initiate a heating program. The project redirects waste heat from GDA's data center operations, providing 90,000 cubic meters of heated air at a rate of 52°C per hour in a 1,200 square meter garage, addressing the urgent needs of Västerbotten County, where temperatures can drop as low as -25°C.

ChainCatcher news, according to Cointelegraph, a Swedish cryptocurrency mining company has discovered that it evaded over $90 million in taxes after a government investigation over the past four years.The Swedish Tax Agency investigated the operations of 21 cryptocurrency mining companies and found that 18 of them provided "misleading or incomplete" information to obtain tax benefits. These companies avoided paying value-added tax by providing misleading business descriptions or found other ways to evade paying import taxes and income taxes.

ChainCatcher news, Binance announced that it has been approved by the Swedish Financial Supervisory Authority (Swedish FSA) to register as a financial institution managing and trading virtual currencies. Swedish residents can now use Binance's cryptocurrency and Web3 services, including euro deposits and withdrawals, purchasing cryptocurrencies with euros, trading, staking, and the Binance Visa card. Previously, Binance had several months of constructive engagement with the regulatory authority.It is reported that Binance has now obtained authorization in 7 EU member states (the other 6 countries are France, Italy, Lithuania, Spain, Cyprus, and Poland) and in 15 jurisdictions worldwide. (Source link)