News
Will this legal contradiction be resolved before the deadline?
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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.
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The leaked documents show many banks 'enabling' money laundering.
4192 - News
The FATF doesn’t seem to like frequent jurisdiction hoppers, notably Binance.
6406 - News
CipherTrace believes financial institutions are failing to identify up to 90% of suspicious transactions related to crypto assets
8625 - News
A new mining concept is facing criticism in the blockchain sphere.
12992 - News
Binance Security Team explains that security systems and techniques are constantly evolving to identify malicious activity while minimizing false positives.
4474 - Newsletter
As protests rage in Belarus and Alexei Navalny remains in a coma, we look at new developments in crypto across the former USSR.
9747 - News
While nobody can find the man behind alleged ponzi scheme Control-Finance, the CFTC is asking the court to throw the book at him.
4639 - News
Proceeds were spent on luxury cars, jewelry and real estate, rather than cryptocurrency mining and trading, surprise-surprise.
11551 - News
The world’s largest exchange keeps deepening its cooperation with law enforcement.
10674 - News
Dubbed “Transparent Blockchain,” Russia’s new crypto analytics system is designed to fight illicit activity related to crypto.
5769 - News
Brother of OneCoin’s missing founder, Konstantin Ignatov is no longer one of key figures in a civil case brought by OneCoin victims.
13952 - News
Russia’s central bank argues that crypto purchases are not considered an investment.
3337 - Video
LocalBitcoins COO Elena Tonoyan explains how the oldest peer-to-peer Bitcoin exchange is fighting against criminal activity on its platform.
3444 - News
U.S. Treasury’s former key undersecretary, Sigal Mandelker, has joined the board of advisors of major crypto analytics firm, Chainalysis.
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