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Not too long ago, the Backpage.com platform was seized by the US government. This particular development also had some repercussions for cryptocurrencies, as the site’s CEO was charged with laundering money using Bitcoin and other cryptocurrencies. It now seems he has pled guilty to these charges and intends to flip on other website officials. Backpage Money Laundering and Cryptocurrency … Read more
Japan’s largest cryptocurrency exchange Bitflyer has contested media reports that the Japanese financial regulator has deemed its user verification process to be insufficient. Nonetheless, the exchange admitted to being in talks with the authority and has implemented additional measures. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Reports of Financial Regulator’s Concerns The largest … Read more
A review of Russia’s bill “On Digital Financial Assets” puts large volume exchanges of crypto to fiat under “mandatory exchange regulation”, local sources report #NEWS Go to Source Powered by WPeMatico
Most people are aware that Backpage.com has been seized by the US Justice Department. This development has caused quite a stir, although a lot of unsavory evidence has surfaced in the past few days. It seems the owners of this platform have engaged in money laundering involving cryptocurrency. It’s not a positive development for this nascent … Read more
Bitfinex was recently accused of fraud and money laundering, but was there anything to it? #FOLLOW_UP Go to Source Powered by WPeMatico
The Reserve Bank of India (RBI), the nation’s central bank, has directed all regulated entities including banks not to provide services to businesses dealing in cryptocurrencies such as bitcoin. RBI is doing so to protect consumer interest and to slow money laundering, the bank’s press release stressed. RBI also announced formation of an official study … Read more
Trading 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 … Read more
Chairman of Kazakh National Bank cites lack of regulation and possibility for money laundering as case to ban crypto mining and exchanges to the national currency. #NEWS Go to Source Powered by WPeMatico
The U.S. government has been cracking down on individuals utilizing the peer-to-peer platform Localbitcoins. This week an Arizona resident named Thomas Costanzo was convicted for money laundering tied to over $164,000 worth of cryptocurrency trades. Also Read: Arizona Localbitcoins Trader Detained by U.S. Homeland Security Two Years Worth of BTC Trades Investigated The U.S. Attorneys Office … Read more
The chairman of the central bank of Kazakhstan said that the bank has prepared legislation to prohibit the sale and purchase of cryptocurrencies in the country as well as any kind of crypto mining, citing several risks he sees. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies National Bank’s Crackdown on Crypto … Read more