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PortuguêsResponding to European Central Bank (ECB) President Christine Lagarde’s recent remarks about bitcoin, the chief economist at investment firm Tressis said what Lagarde implied was “outrageous” and “dangerous” for cryptocurrency…
Continue ReadingRossen Iossifov, the convicted owner of the RG Coins crypto exchange platform has been sentenced to 10 years imprisonment for money laundering. As previously reported by Cointelegraph, a federal jury…
Continue ReadingThe owner and manager of cryptocurrency exchange RG Coins has been handed a lengthy prison term for his involvement in a multi-million dollar scheme to defraud U.S. citizens. According to…
Continue ReadingAccording to court reports from Friday, yet another suspected player behind the OneCoin ponzi scheme is now set to face justice. On Friday, counsel for marketing guru Karl Sebastian Greenwood…
Continue ReadingThe Arbistar case victims’ defense lawyer claims that the overall number of those affected amounts to 32,000 families with at least 93.4 million euros ($113.55 million) in losses. Lawyer in…
Continue ReadingLeading decentralized exchange Uniswap has surpassed $50 billion in all-time trade volume, a major milestone for the DEX sector. On Dec. 15, Uniswap creator Hayden Adams tweeted data indicating the…
Continue Reading2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the…
Continue ReadingThe number of criminals using so-called privacy wallets to facilitate crypto money laundering is on the rise, according to Elliptic, a U.K.-based blockchain analytics company. The firm estimates that over…
Continue ReadingMexican authorities report an increase in the use of crypto assets to launder funds by criminal syndicates in Latin America. In a Dec. 8 report from Reuters, the head of…
Continue ReadingThe founders of digital payments processor Payza will serve year-plus prison terms and forfeit $4.5 million in seized assets for breaking federal money transmission laws, the U.S. Department of Justice…
Continue ReadingSwitzerland Approves Gazprombank to Offer Bitcoin Trading and Custody Zurich-based Gazprombank, a subsidiary of Russia’s third-largest bank, has been approved by Switzerland‘s financial regulator to offer a number of cryptocurrency…
Continue ReadingThe Many Facts Pointing to John Nash Being Satoshi Nakamoto Six years ago, a number of theories spread across the internet that claimed the famed American economist and mathematician John…
Continue ReadingNetherlands: Court seizes 25 million euros in bitcoins from two money launderers |#kortomnews #Netherlands #Bitcoin https://t.co/nr6oEJdqwd — Kortom News (@VisionaryBv) October 26, 2020 Court documents show that the police confiscated…
Continue ReadingThe CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization and money laundering. Fuentes, who has…
Continue ReadingThe trial of the alleged launderer of $4 billion worth of Bitcoin (BTC), Alexander Vinnik, got underway in Paris on Oct 19. However, despite reported links to the 300,000 BTC…
Continue ReadingEuro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax…
Continue ReadingThe Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential…
Continue ReadingLaw enforcement officials from around the world hav taken action against a major transnational money laundering operation involving cryptocurrency. On Oct. 15, Europol announced a successful operation across 16 countries…
Continue ReadingEuropean, American and Australian law enforcement said Thursday they have arrested 20 suspected members of QQAAZZ, the shadowy criminal money-laundering organization whose sloppy bitcoin tumbling tactics led to the March…
Continue ReadingMauricio Toro, Colombian congressman of the Alianza Verde party, has authored a draft bill meant to regulate the crypto industry within his country. During a recent interview with Confidential Colombia,…
Continue ReadingVenezuela Passes Law Legalizing Crypto Mining, Forces Miners to Join National Mining Pool Reports say Venezuela has now legalized bitcoin mining following the decree recently issued by the National Superintendency…
Continue ReadingThe U.S. Financial Crimes Enforcement Network (FinCEN) director Kenneth Blanco has warned banks to think seriously about their cryptocurrency risk exposure. During the virtual 2020 ACAMS anti-money laundering Conference in…
Continue ReadingRossen Iossifov, a 53-year-old Bulgarian national and owner of the ‘RG Coins’ cryptocurrency exchange, has been convicted of operating a multi-million dollar money laundering ring as part of a transnational…
Continue ReadingThe modern world has become too small for comfort. The truth is that technological advancement is a double-edged sword, which has the potential to enhance human lives drastically at many…
Continue ReadingNexo co-founder Antoni Trenchev told Cointelegraph that he believes the information revealed during the recent FinCen leak vindicates the crypto industry. According to the leak, the world’s leading financial institutions…
Continue ReadingWith the South Korean government preparing to implement know-your-customer (KYC) and anti-money laundering (AML) compliance processes, there is confusion among legal experts as to whether the requirements contradict other laws.…
Continue ReadingThis article originally appeared in our Down The Rabbit Hole newsletter. If you want our news and analysis straight to your inbox, make sure you subscribe now! This week, a released…
Continue ReadingReports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September 21. Also tumbling in tandem…
Continue ReadingThe massive leak of suspicious activity reports shows how banks let the government know about likely money laundering, then go right on providing services. The FinCEN Files are a leaked…
Continue ReadingLeaked documents from the U.S. Financial Crimes Enforcement Network (FinCEN) imply that the agency’s revamped efforts to identify illicit transactions and money laundering may not be sufficient. But on this…
Continue ReadingPrivacy-oriented cryptocurrencies like Monero (XMR) do not conflict with Anti-Money Laundering laws, according to a major global law firm. Perkins Coie, a Seattle-based international law firm, published a report devoted…
Continue ReadingThe rapid growth in decentralized finance and yield farming is likely to attract greater regulatory attention according to a recent report. A joint research paper by global management consulting firm…
Continue ReadingA new report by the Financial Action Task Force, or FATF, details a series of red flags that can help identify illicit activity involving cryptocurrencies. Among them are a general…
Continue ReadingA new report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) says cryptocurrency is seldom used for money laundering activities compared to fiat or other traditional methods. Despite the…
Continue ReadingDr. Elias Strehle of the Blockchain Research Lab and Lennar Ante of the University of Hamburg recently warned that blockchain nodes engaging in exclusive mining “have no incentive to forward…
Continue ReadingProsecutors from the Southern District of New York (SDNY) court have submitted a “forfeiture money judgment” against the former attorney Mark Scott. The lawyer was charged with helping the Ponzi…
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent…
Continue ReadingResearchers have uncovered evidence that over $1 million worth of Bitcoin (BTC) from addresses linked to Ryuk ransomware attacks was moved through a wallet on Binance. According to a report…
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