Arizona Bitcoin Trader Awaits Sentencing for Money Laundering

TheMerkle_Money Laundering SpanTrading Bitcoin tends to attract a lot of attention from the authorities these days. This is especially true when trading it in a peer-to-peer fashion. One man’s Bitcoin trading activity will land him in jail due to five money laundering charges. A Major Blow for P2P Bitcoin Trading Arizona-based Thomas Costanzo was found guilty of five counts of money laundering in Phoenix last week. It is a very troublesome development, as this individual was involved in peer-to-peer Bitcoin trading. At the same time, we have seen multiple allegations of Bitcoin being a tool for money laundering already. Costanzo was trading very large amounts

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Citibank India Is Preventing Customers From Buying Crypto

TheMerkle Citibank India BitcoinIt seems the cryptocurrency situation in India is not evolving in a favorable direction. The country’s government has made it clear it plans to regulate cryptocurrencies and digital assets. For now, it remains unclear what that will entail exactly, although it probably won’t be positive. Indian banks, on the other hand, are continuing to squeeze cryptocurrency users. Citibank India is the latest company to do so, which is pretty worrisome for anyone in the country with an interest in Bitcoin. Citibank India Joins a Growing List of Anti-Bitcoin Banks No one will deny the cryptocurrency industry has sparked much debate. Not all of these discussions will

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