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League of Legends Champ Arrested On Suspicion Of Drug Trafficking
30.9.2021
Kurtis Lau Wai-kin, better known as “Toyz,” has been arrested in Taipei on suspicion of trafficking marijuana. In Taiwan, marijuana is a class 2 illegal drug, and it carries a severe prison sentence and heavy fines.While marijuana might be seen as a “soft” drug in the U.S., in Taiwan, it’s not...
IMF Representative of Nigeria Calls for Caution Over the Use of Cryptocurrencies
20.2.2021
The International Monetary Fund (IMF) resident representative for Nigeria, Ari Aisen recently discussed the Central Bank of Nigeria (CBN) directive that targets crypto entities. In remarks made during a special virtual press briefing, Aisen repeats some of the CBN’s claims that...
As BTC Continues to Soar Finland Wants to Cash in on Bitcoins Seized in 2016
8.1.2021
Finland’s customs officials have revealed plans to sell 1,981 bitcoins that were seized mainly in connection with drug trafficking-related criminal investigations. The majority of the confiscated bitcoins (1,666) are from the Douppikauppa case, the darknet operator who was arrested in 2016....
$15 Million Bounty on Maduro: US Charges Venezuelan President With Narco-Terrorism, Corruption, Drug Trafficking
27.3.2020
The U.S. has charged 14 high-ranking officials of the Venezuelan government, including President Nicolas Maduro, with “narco-terrorism, corruption, drug trafficking and other criminal charges.” The U.S. government is offering rewards of up to $15 million for any information leading...
Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage Crime
16.1.2020
Thanks to the EU’s most recent money laundering directive, a small business called Post-a-coin, which sold cute postcards pre-loaded with tiny amounts of bitcoin, is being forced to shut down. Meanwhile, the most heinous criminals in history are continuing to facilitate violence, trafficking...
Government Hates Crypto Because It Empowers the People, Not Because It’s Used for Crime
10.9.2019
A recent article from MIT Technology Review has leveraged a somewhat sensationalist headline to stir up fear about bitcoin and crypto. The article, written about a “hidden” government weapon to be deployed against Bitcoin, references September 3 senate subcommittee testimony...
The White House Just Blamed Bitcoin for America’s Opiate Crisis
24.8.2019
The opioid epidemic is the new devil Bitcoin is being blamed for inflaming, to be added to the already long list of heinous crimes crypto is supposedly responsible for, like terrorism, money laundering, and trafficking. While it’s painfully clear that the U.S. dollar is a much more common...
California Couple to Forfeit Cryptocurrency Riches After Drug Bust
7.8.2019
The couple must forfeit an undisclosed sum of bitcoin and bitcoin cash they acquired from selling illicit goods on a dark web marketplace
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
Flowery V20 Talk and Government Terror: Why Darknet Crime Is the Least of Our Worries
1.7.2019
Governments and central banking regulatory bodies continue to express concern about crypto being used for criminal purposes and terror. The terror campaigns of these very same governments continue unabated, however. In the wake of the V20 summit it might seem that lawmakers actually care about...