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Dutch Authorities Arrest 2 in Million-Euro Crypto Money Laundering Investigations
20.2.2020
Dutch tax enforcers with the Netherlands’ Fiscal Intelligence and Investigation Service arrested two men Monday for laundering millions of euros in cryptocurrency
Currency.com Accused of Exploiting KYC to Withhold Customer Funds
18.2.2020
Know Your Customer (KYC) and Know Your Transaction (KYT) are ostensibly deployed by exchanges to combat money laundering. In practice, these provisions are used as an excuse to surveil, cajole, and threaten customers, who risk losing funds if they are unable to meet the impossibly high burden...
Russian Central Bank Links Crypto Transactions With Money Laundering
17.2.2020
The Russian central bank now considers any crypto exchange transaction as a money laundering risk
US Department of Justice Is Criminalizing Onchain Privacy, Starting With Mixers
14.2.2020
The American government’s long-running war on privacy escalated this week following the arrest of Coin Ninja’s Larry Harmon on money laundering charges. A Department of Justice statement that “seeking to obscure virtual currency transactions in this way [using mixers] is...
Blockchain Use Gains Momentum in Oil Industry for Being Safer, Cheaper and Cleaner
14.2.2020
Oil companies are trialing blockchain to slash costs and increase security — “More than 40% of executives in oil and gas sector are considering blockchain.”
US DOJ Calls Bitcoin Mixing ‘a Crime’ in Arrest of Software Developer
14.2.2020
The arrest of Larry Harmon for an alleged connection to AlphaBay raises major questions: Do bitcoiners have a right to build privacy tech?
‘Full Transparency Not Ideal for Cryptocurrency’ Says Chainalysis Exec
13.2.2020
Major global crypto AML service provider Chainalysis does not support full transparency in crypto despite not being able to track all privacy coins
Coin Ninja CEO Arrested for Laundering $311M With Bitcoin Privacy Tools
13.2.2020
The CEO of Bitcoin media site Coin Ninja and founder of crypto wallet provider DropBit has been arrested for allegedly laundering $311 million with Bitcoin tools
Ohio Resident Charged With Laundering $311M in Bitcoin for AlphaBay
12.2.2020
Ohio resident Larry Dean Harmon, 36, has been charged with laundering more than $300 million in bitcoin for darknet marketplace AlphaBay
CipherTrace Releases Anti-Money Laundering Report for Q4 2019
12.2.2020
Crypto-blockchain forensic project CipherTrace has released the anti-money laundering report for the last quarter of 2019, and the results are saddening, to say the least. The results indicate that the doubts raised by politicians globally are not mere speculations, but have a certain level...
Tether Stablecoin Taps Chainalysis for Anti-Money Laundering Compliance Tools
12.2.2020
Tether is using Chainalysis' "Know Your Transaction" tool to create risk profiles for USDT users and monitor potentially suspicious activity
40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law
11.2.2020
More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law. News.Bitcoin.com reached out to the regulator for some more information. The law, which went into...
312 Crypto Exchanges Registered in Australia, Regulator Confirms
10.2.2020
A growing number of cryptocurrency exchanges have been registered with Australia’s crypto regulator. A spokesperson for the government agency overseeing the crypto industry confirmed to news.Bitcoin.com on Monday that the regulator has already registered 312 crypto exchanges. Also read:...
FinCen: Social Media Crypto Projects Can’t Ignore Money Laundering Risk
10.2.2020
The deputy director of FinCen says social media platforms should have the same AML compliance responsibilities as traditional financial actors
New Regency Television Wins Screen Rights to Onecoin Story – The Missing Cryptoqueen
8.2.2020
The story of Onecoin and cofounder Ruja Ignatova might be seen on television sets in the near future. Reports detail that New Regency Television International participated in a bid for the rights to the BBC Sounds podcast “The Missing Cryptoqueen.” Also read: The Fallout From...
Alexander Vinnik Claims Injustice While Now Fighting Charges in France
7.2.2020
What’s next for suspected Bitcoin money launderer Alexander Vinnik as French authorities slam money laundering and conspiracy charges against him?
Switzerland to Require ID for Crypto Exchange Transactions Over $1K
7.2.2020
Switzerland lowers limit for unidentified crypto exchange transactions
Better Regulation Could Curb Crypto Scams, Chainalysis Report Says
29.1.2020
Chainalysis’ 2019 crime report found illicit activities accounted for roughly 1 percent of overall crypto transactions last year, and better enforcement of anti-money laundering and know-your-customer regulations could stamp out a large portion of that
Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force
29.1.2020
The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators...
LocalBitcoins Quietly Suspends Accounts in Multiple Regions Without Notice
28.1.2020
Finnish LocalBitcoins silently suspends user accounts in multiple countries, reportedly citing an “enhanced due diligence process” initiated by the EU’s 5AMLD