カテゴリー: Money Laundering

Zambia Launches Crackdown on Crypto Companies

Zambia Cracks Down on Cryptocurrency Businesses After Declaring Bitcoin Illegal TenderThe Bank of Zambia has started to clamp down on cryptocurrency-related businesses, mere days after declaring that it does not view digital coins such as BTC as legal tender. The crackdown began on Oct. 14, when the central bank announced an investigation into Heritagecoin Resources Ltd. for allegedly laundering money, according to local media reports. […]

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Zambian Central Bank Declares Bitcoin Is Not Legal Tender

Cautious Zambian Central Bank Warns on Bitcoin, as Investors Start to SwellThe Zambian central bank said on Oct. 12 that cryptocurrencies like bitcoin core and bitcoin cash aren’t legal tender, cautioning that those transacting in such will have no one to blame in the event of market failure. It appears that the bank issued the decree because, as a traditional issuer of the depreciating local fiat […]

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Zambian Central Bank Declares Bitcoin Is Not Legal Tender

Cautious Zambian Central Bank Warns on Bitcoin, as Investors Start to SwellThe Zambian central bank said on Oct. 12 that cryptocurrencies like bitcoin core and bitcoin cash aren’t legal tender, cautioning that those transacting in such will have no one to blame in the event of market failure. It appears that the bank issued the decree because, as a traditional issuer of the depreciating local fiat […]

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Wendy McElroy: The Double C-Word in the Private Sector

The Double C Word in the Private SectorThe Satoshi Revolution: A Revolution of Rising Expectations Section 5: Saving the World Through Anarchism Chapter 11, Part 2 The Double C-Word in the Private Sector The first rule of the politics of fear is that if you want to make something sound scarier than it actually is, you add the word ‘culture’ at the […]

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Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms

Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine LoomsA French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $5.8 billion. Its executives could […]

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European Banks Facilitated Large Crypto-Fiat Deals, Probe Finds

European Banks Facilitated Large Crypto-Fiat Deals, Probe FindsSeveral financial institutions in Europe, like Danske Bank and Swedbank, have been mentioned in a Lithuanian report investigating large-scale crypto-fiat transactions that took place in the past two years. Some of the banks’ clients traded digital coins worth millions of euros and the Baltic nation’s financial crime combating agency wants to know where the first […]

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Nordic Region’s Largest Bank Nordea Suspected of Money Laundering

Nordic Region’s Largest Bank Nordea Suspected of Money LaunderingNordea, the largest bank in the Nordic region, is reportedly suspected of being part of a major international money laundering scandal. The scheme allegedly involved a Russian client and took place over multiple years at an international branch of the bank that is now closed. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator […]

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Shapeshift CEO Responds to Wall Street Journal Laundering Claims

Shapeshift CEO Responds to Wall Street Journal Laundering ClaimsReporters at the Wall Street Journal (WSJ) tied innovative ecosystem cryptocurrency exchange Shapeshift to money laundering. “How Dirty Money Disappears Into the Black Hole of Cryptocurrency,” was its published product from months of investigative journalism. The company’s CEO, Erik Voorhees, claims cooperation with the WSJ was obtained “under false pretenses.” He also charges the WSJ […]

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The Daily: Fiat vs Crypto Laundering, Bitcoin Anniversary Cash-Ins

The Daily: Fiat vs Crypto Laundering, Bitcoin Anniversary Cash-InsWelcome to another weekend filled with tales of cryptocurrency intrigue. From shameless Bitcoin anniversary cash-ins to exaggerated claims of crypto money laundering, the Saturday edition of The Daily covers the good, the bad, and the greedy. Also read: Popular Bitcoin Wallet Samourai Ditches All Government Currencies Shapeshift CEO Hits Back at Money Laundering Claims After a […]

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European Banks Complicit as Corrupt African Leaders Plunder Their Home Economies

European Banks Complicit as Corrupt African Leaders Plunder Their Home EconomiesEuropean banks have allegedly been complicit as corrupt African leaders pilfer the wealth of their economies in the billions of dollars. The Angolan government on Monday arrested the son of ex-president Jose dos Santos for stealing $500 million from the country’s sovereign wealth fund, with the help of a British bank. It is only a […]

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