#money laundering News

Bitcoin ATMs Undermine EU Anti-Money Laundering Efforts, Says Spanish Police

July 12, 2019 by Osato Avan-Nomayo at Bitcoin

Spanish law enforcement says Bitcoin ATMs enable criminals to circumvent anti-money laundering (AML) regulations according to a report by Bloomberg. This statement comes following calls from officials in Canada for crypto cash machines to be banned over money-laundering concerns. Meanwhile, the number of crypto kiosks worldwide has crossed 5,000 and...

Canada Urges Caution as no Cryptocurrency Exchange Guarantees User Security

Vancouver: City Mayor Suggests Banning Bitcoin ATMs

June 5, 2019 by Aisshwarya Tiwari at Bitcoin

According to a report by The Next Web, published on June 5, 2019, the mayor of Vancouver, Canada, has suggested putting a complete ban on bitcoin (BTC) ATMs in the city. Bitcoin ATMs Serve as Money Laundering Vehicles Although an increasing number of countries around the world are steadily warming...

VHS Tapes and Comuter Screen DVD Bitcoins

U.S. Govt. Hammers Down Movie Piracy Racket, Seize Millions in Cryptos

May 14, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Crime, News

The United States Government has finally hammered down a movie and TV show piracy racket, seizing millions of dollars in cryptos and cash. The illegal platform run by Talon White, a U.S resident, has allegedly been in operation since 2013, according to a TorrentFreak report on May 14, 2019. The...

Indian Government Mulling Blanket Ban on Cryptocurrencies

April 26, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, Commentary, News, Regulation

The government of India has drafted a bill to completely ban cryptocurrencies and regulate official digital currencies, reports The Economic Times, April 26, 2019. Things Go from Bad to Worse Since its inception, the growth of the Indian cryptocurrency ecosystem has been continually stalled due to government and Reserve Bank...

Texan Dark Web Drug Dealers who Sold Steroids to Professional Athletes Plead Guilty

April 25, 2019 by Alex Lielacher at Bitcoin, Crime, News

Two Texan men have pled guilty at the Manhattan Supreme Court to selling illegal steroids and other drugs on the dark web, reportedly netting $2.8 million during their five-year-long operation. Drug Dealers Plead Guilty Callaway Crain and Mark Sanchez, both 35, ran an illegal operation from 2013 to 2018 during...

Man in a Suit Inspecting a Folder Labeled Liberty Reserve

New Evidence Ties Late QuadrigaCX CEO to Money Laundering Scheme

April 11, 2019 by Tokoni Uti at Crime, Development, Exchange, News

The QuadrigaCX plot only seems to thicken as new evidence suggests that their late CEO had been involved in a money laundering scheme, reported on April 9, 2019. Suspicious Activity In April 2019, some legal resolution seems to have been reached in the QuadrigaCX situation as the firm has been...

CipherBlade Report Disputes Wall Street Journal’s Claims against Shapeshift

March 21, 2019 by Tokoni Uti at Blockchain, Business, Development, Exchange, News

Months after The Wall Street Journal accused them of laundering money through their exchange; Shapeshift has hit back with a March 20, 2019 report from CipherBlade. Double Take In July 2018, The Wall Street Journal published a report in which they accused crypto exchange Shapeshift of helping hackers in laundering...

Russan Commisioner Requests Extradition of Former BTC-e Exchange Owner Back to Russia

February 27, 2019 by Ogwu Osaemezu Emmanuel at Development, News

Tatyana Moskalkova, the commissioner for Human Rights in Russia, has issued a letter to Michalis Kalogir, Minister of Justice, Transparency and Human Rights of Greece, requesting for the extradition of the embattled former BTC-e crypto exchange owner, Alexander Vinnik to Russia, according to a report by Tass on February 25....

Coinflux Cryptocurrency Exchange Founder Extradited to the U.S. for Money Laundering

January 7, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Exchange, News, Regulation

Nistor Vlad Călin, the CEO of the cryptocurrency exchange Coinflux, has been extradited to the U.S. by Romania's supreme court for a case of money laundering on his platform, reports Mediafax on January 4, 2018. U.S. Secret Service Files Charges Against CoinFlux's CEO Per sources close to the matter, Nistor...

Two Maryland Men Arrested for Selling Xanax and using Bitcoin for Money Laundering

October 19, 2018 by Nuno Menezes at Bitcoin, Crime, News, Platform, Tech

According to the news agency Deepdotweb, Two Maryland men were arrested for selling illegally distributing Xanax pills and using bitcoin as a payment method for a multimillion-dollar laundering operation. Xanax Suspects Arrested The Department of Justice announced the arrests of over 30 suspects form dealing drugs over the Darkweb last...

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