A portion of the ether stolen from hacked New Zealand-based cryptocurrency exchange has been moved.
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 government of Liechtenstein announced that it has passed new token, virtual asset service provider and blockchain regulation.
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Proceedings from yesterday’s hack of cryptocurrency exchange Binance have been moved to seven addresses.
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Eight people have been arrested for allegedly operating a money laundering scheme involving cryptocurrencies.
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by Helen Partz
Former chief economist at the World Bank, Joseph Stiglitz, says that cryptos do not have any of the attributes of a good currency.
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Two men plead guilty for illicitly selling steroids and controlled substances and laundering millions of dollars in crypto.
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The Chilean Minister of Finance announced the introduction of a bill regulating cryptocurrencies and fintech to Congress.
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by Helen Partz
A 33-year old Danish man laundered $450,000 by depositing dirty money in Bitcoin and sending it to exchanges overseas.
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by Helen Partz
The Ministry of Finance of the Republic of Lithuania wants to adopt legal amendments for operating crypto-related services.
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G20 member countries will reportedly meet to discuss international cryptocurrency anti-money laundering regulation in June in Fukuoka, Japan.
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Analysts have accused the WSJ of using flawed investigative methods when reporting on alleged laundering via crypto exchange ShapeShift.
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by Helen Partz
The Basel Committee on Banking Supervision believes that cryptos are unsafe to rely on as a medium of exchange or store of value.
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by Helen Partz
The Malta Financial Services Authority appointed U.S.-based blockchain security firm to assist in tracking the compliance of crypto firms.
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A São Paulo court has dismissed the appeal made by Banco Santander against crypto exchange Mercado Bitcoin.
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Morgan Rockcoons, the CEO of crypto city project Bitcointopia, pleaded guilty to selling land he didn’t have.
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