Netherlands

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Netherlands’ Largest Bank ING Group Fined $900M for Money Laundering

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This week Dutch authorities revealed to the public that the Netherlands’ largest financial services provider, ING, had violated numerous money laundering laws because they didn’t scrutinize unusual transactions and certain accounts. Also Read: Public Anger Forces Bank CFO to Quit Over Huge Money Laundering Affair Netherlands’ Largest Bank Admits: “ING Clients Used Their Bank Accounts for … Read more

Ku Coin Expands Into Australia After $3M Bitcoin Australia Deal

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Ku Coin is expanding into Australia after it agreed to invest $3 million in Bitcoin Australia. The deal is seen as a win-win for both cryptocurrency exchanges, each seeking to expand into its own direction – Ku Coin establishing a niche in the rapidly growing Australian market. Bitcoin Australia is targeting the UK next.   Also … Read more

NYSE Owner: Bitcoin Should Be in Retirement Funds, Credit Cards, Retail Stores

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Intercontinental Exchange (ICE), owner of arguably the most important stock exchange in the world, the New York Stock Exchange (NYSE), is introducing a new company, Bakkt. The idea is to weave bitcoin into 401(k)s, credit cards, and retail. The project is getting a lot of hype due in large measure to two very powerful backers: … Read more

Coinbase Now Offers Crypto currency Gift Cards in Europe and Australia

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Coinbase now offers crypto currency-backed electronic gift cards in a number of selected markets in Europe as well as in Australia. The company sees this move as giving its clients “greater flexibility and control over how they use their crypto.” Also Read: The Daily: Exchange Operator Pleads Guilty, Scammer Fined Over $1.9 Million Coinbase Gift Cards … Read more

Five Nations Join Efforts to Punish Transnational Bitcoin Tax Crime

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Tax enforcement authorities from five nations announced that they have created a united alliance, the Joint Chiefs of Global Tax Enforcement, known as “the J5.” The J5 said they are committed to combating transnational tax crime “through increased enforcement collaboration,” in other words: working together to gather information, share intelligence, and conduct joint operations. Also … Read more