Bookmarking Crypto Insights
Auto Added by WPeMatico
In an ongoing dispute between banks and cryptocurrency exchanges in Chile, an appeals court has finally ruled in favor of one crypto exchange against one of the largest banks in the country. Five major banks have also separately responded to lawsuits against them in court. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Court … Read more
Greek court rules to extradite Alexander Vinnik to France on charges of laundering $4 bln in Bitcoin Go to Source Powered by WPeMatico
The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 9, Part 4 Does Your Money Serve the State or You? The State, in short, subjects people, whereas Society associates them voluntarily. – Felix Morley Two simple litmus tests determine whether money serves the state (organized force) or whether it serves … Read more
A Southern Californian Localbitcoins trader has been sentenced to prison for a year for unlicensed money transmitting and money laundering. The trader, Bitcoin Maven, reportedly exchanged between $6 and $9.5 million for customers across the country, according to the notice by the U.S. Department of Justice. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more
A member of the Indian opposition party has demanded a probe into a supposed “mega Bitcoin scam” involving majority officials Go to Source Powered by WPeMatico
Numerous connections have been drawn between cryptocurrency and money laundering. It is a worrisome trend, yet one that seemingly will not end anytime soon. A new report by CipherTrace shows that money laundering activity involving cryptocurrency will only continue to increase. Criminals Still Favor Cryptocurrency Proceeds On paper, there is no real benefit to relying … Read more
The U.S. IRS launches transnational taskforce together with tax enforcement agencies from four other countries to tackle crypto-enabled crimes Go to Source Powered by WPeMatico
Bitflyer has been delaying deposits and withdrawals of virtual currency in the midst of ongoing KYC verifications. The company received business improvement orders from the Japanese financial watchdog in June as a result of insufficient measures against money laundering. Bitflyer reportedly has delayed resuming business as it is thoroughly verifying its clients’ identities. Bitflyer also … Read more
Auditing giant KPMG publishes study on money laundering via crypto, provides advice for financial institutions Go to Source Powered by WPeMatico
Japan is a very different country when it comes to cryptocurrency activity. With its open-minded approach and legitimization of Bitcoin, an interesting situation has been created. It now seems officials will subject crypto investors to credit evaluations. Another Positive Regulatory Development In Japan, cryptocurrency regulation has become rather interesting to keep an eye on. More … Read more
