An appellate court in the U.S. state of Florida has reinstated charges against a man who allegedly sold Bitcoin to an undercover police officer.
Money Laundering News
Every government in the world is afraid of the relative anonymity of virtual money. The explanation of that is that a government’s financial organs can’t find a viable path to minimize the risks related to the financing of terrorism and cryptocurrency money laundering. But the truth is that Bitcoin money laundering is not widespread. For instance, less than 1% of transactions between 2013 and 2016 were with cryptocurrencies of illegal origin while 2-5% of worldwide GDP is laundered annually. Due to the character of a public blockchain and the need to transfer virtual money to fiat, Bitcoins can indeed be controlled much easier. Therefore, cryptocurrency money laundering is a really complex process where even absolute anonymity is not a key to success.
- Binance Launches Decentralized Crypto Exchange Testnet
- SEC Set to Begin Fresh Consultation Period on CBOE-VanEck Bitcoin ETF
- Major Japanese Trading Firm Marubeni Partners with US Blockchain Company LO3 Energy
- Elon Musk: Bitcoin Has ‘Quite Brilliant’ Structure, Paper Money is Going Away
- Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, February 18