Government Tracking of Crypto Is Growing, But There Are Ways to Avoid It
Government crypto-tracking is growing, but there are still ways to remain anonymous Go to Source Powered by WPeMatico
Money Laundering
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European Banks Facilitated Large Crypto-Fiat Deals, Probe Finds
Several financial institutions in Europe, like Danske Bank and Swedbank, have been mentioned in a Lithuanian report investigating large-scale crypto-fiat transactions that took place in the past two years. Some of the banks’ clients traded digital coins worth millions of euros and the Baltic nation’s financial crime combating agency wants to know where the first … Read more
Nordic Region’s Largest Bank Nordea Suspected of Money Laundering
The largest bank in the Nordic region, Nordea, is reportedly suspected of being part of a major international money laundering scandal. The scheme allegedly involved a Russian client and took place over multiple years at an international branch of the bank that is now closed. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator … Read more
Shapeshift CEO Responds to Wall Street Journal Laundering Claims
Reporters at the Wall Street Journal (WSJ) tied innovative ecosystem cryptocurrency exchange Shapeshift to money laundering. “How Dirty Money Disappears Into the Black Hole of Cryptocurrency,” was its published product from months of investigative journalism. The company’s CEO, Erik Voorhees, claims cooperation with the WSJ was obtained “under false pretenses.” He also charges the WSJ … Read more
South Korea’s Democratic Party Lawmaker Urges Authorities to ‘Open Up the Road’ to ICOs
South Korea’s Democratic Party lawmaker urges the state to “open up the road” to ICOs, prepares legislation project for the next round of National Assembly Go to Source Powered by WPeMatico
The Daily: Fiat vs Crypto Laundering, Bitcoin Anniversary Cash-Ins
Welcome to another weekend filled with tales of cryptocurrency intrigue. From shameless Bitcoin anniversary cash-ins to exaggerated claims of crypto money laundering, the Saturday edition of The Daily covers the good, the bad, and the greedy. Also read: Popular Bitcoin Wallet Samourai Ditches All Government Currencies Shapeshift CEO Hits Back at Money Laundering Claims After a … Read more
US House Passes Bill for Task Force to Combat Crypto Use by Terrorists
The U.S. House of Representatives has passed a bill that would establish a task force to combat terrorist use of cryptocurrencies; it will now proceed to the Senate Go to Source Powered by WPeMatico
European Banks Complicit as Corrupt African Leaders Plunder Their Home Economies
European banks have allegedly been complicit as corrupt African leaders pilfer the wealth of their economies in the billions of dollars. The Angolan government on Monday arrested the son of ex-president Jose dos Santos for stealing $500 million from the country’s sovereign wealth fund, with the help of a British bank. It is only a … Read more
North Korea ‘Increasingly’ Uses Crypto to Avoid US Sanctions, Experts Claim
North Korea hires people to launder cryptocurrencies and exchange them into dollars in E.U. and U.S. markets, Washington-based financial experts allege Go to Source Powered by WPeMatico
Vague Laws Leave Crypto Users Confused in Almost Half of the US
Justin Wales and Arnaldo Rego, lawyers at Carlton Fields, have surveyed all 50 states in the US, looking for clarity on money transmitting laws as they relate to cryptocurrencies. As adoption and general usage increases, states appear to be failing to keep up, leaving many enthusiasts to wonder if they’re committing a crime. Also read: … Read more