カテゴリー: Money Laundering

Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners

In a chilling but sadly all-too-familiar sequence of events, UK banks have been targeting cryptocurrency owners. Individuals who have cashed out large amounts of cryptocurrency – legitimately – have had their assets frozen and accounts locked without warning, fueled by fears of money laundering and a general distrust of bitcoin. One victim even claims to […]

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‘Crypto’ Thriller Starring Kurt Russell in Post-Production – Producers Share Details

‘Crypto’ Thriller Starring Kurt Russell in Post-Production - Producers Share DetailsCrypto, an upcoming cryptocurrency-themed movie starring Kurt Russell and Alexis Bledel, is currently in post-production. The producers share their thoughts, confirming that the “overall message of the movie is positive” despite it being a thriller centered on crime and corruption. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space ‘Crypto’ Thriller Coming Soon The upcoming […]

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Japan Unveils Results of On-Site Inspections of 23 Crypto Exchanges

Japan Unveils Results of On-Site Inspections of 23 Crypto ExchangesThe Japanese financial regulator has finished the on-site inspections of 23 cryptocurrency exchanges. The agency found many problems and has released a report outlining them. The regulator will use the findings to tighten its review procedures of new crypto exchange applicants, including over 100 companies that have been waiting to be reviewed. Also read: Yahoo! Japan […]

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Illegal Activity No Longer Dominant Use of Bitcoin: DEA Agent

Illegal Activity No Longer Dominant Use of Bitcoin: DEA AgentA special agent with the U.S. Drug Enforcement Administration (DEA) has reportedly revealed that the use of bitcoin in illegal activities has shrunk to about 10 percent from 90 percent previously. This finding contradicts the popular perception of the cryptocurrency’s primary use. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Data From DEA […]

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Japanese Association Seeks Authority to Enforce Self-Regulation on Crypto Exchanges

Japanese Association Seeks Authority to Enforce Self-Regulation on Crypto ExchangesJapanese crypto exchanges may soon have an official self-regulatory body. The Japan Virtual Currency Exchange Association has applied with the country’s financial regulator to become the authority for self-regulation, with the power to enforce rules on its crypto exchange members. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Registering with FSA The Japan Virtual […]

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US Court Seizes 81 BTC, Sends Bitcoin Trader to Jail for 41 Months for Money Laundering

US Court Seizes 81 BTC, Sends Bitcoin Trader to Jail for 41 Months for Money LaunderingA U.S. district judge has ordered a bitcoin trader to forfeit 81 bitcoins and sentenced him to 41 months in prison for money laundering. Thomas Mario Costanzo, also known as Morpheus Titania, sold bitcoins to undercover federal agents pretending to be drug dealers, according to the Department of Justice. Also read: Yahoo! Japan Confirms Entrance Into […]

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UK Police Top up Budget With Proceeds From Sale of Seized BTC

UK Police Top up Budget With Proceeds From Sale of Seized BTCA UK police department has sold 295 BTC which they say were legally seized from a drug dealer. The court ordered him to forfeit his crypto stored in a hardware wallet. The police reportedly get to keep 18.8% of the sale proceeds. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space British Police Seized BTC […]

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Fed Chair: Crypto Has No Intrinsic Value, Not a Store of Value, Great for Money Laundering

Fed Chair: Crypto Has No Intrinsic Value, Not a Store of Value, Great for Money LaunderingThe Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. He also dismisses the idea that cryptocurrencies […]

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