BlackRock CEO Larry Fink made news by saying that Bitcoin is just an index for money laundering during the same panel discussion where Jamie Dimon called Bitcoin buyers ‘stupid.’
A former IMF economist has joined the chorus of critical voices on bitcoin of late, going so far as to predict that its price will collapse.
Russia isn’t happy that an alleged bitcoin money launderer is being extradited to the US following a court decision in Greece.
Why are criminals increasingly turning to cryptocurrencies? See some ideas of how Bitcoin could facilitate illegal activities.
A Greek court has ruled in favor of extraditing the alleged former operator of BTC-e, Alexander Vinnik, to the United States. Vinnik was arrested by authorities late July 2017, and stands accused of masterminding a $4 billion money-laundering ring through the cryptocurrency exchange BTC-e. Also Read: BTC-E Rebrands to Wex Exchange — Claims to Be AML/KYC […]
How much money is laundered across the globe? BlackRock CEO Larry Fink believes Bitcoin can help to show it.
Everyone involved in the world of Bitcoin and cryptocurrency will readily agree there are plenty of challenges ahead. While most of the opposition comes from external forces, the currencies themselves are not exactly perfect either. While most people won’t like to admit it, Bitcoin, Ethereum, and most other currencies are not exempt from criminal activity. The […]
The company behind the FICO credit score system is looking at how to collect information from bitcoin exchanges, new public documents show.
Indian officials revealed last week that the country’s tax agency and investigation taskforce have concerns about money laundering and black market activities associated with bitcoin. India’s Special Investigation Team (SIT) is in the midst of drafting a report detailing problematic issues regarding the decentralized cryptocurrency. Also read: India Considers Issuing Its Own Bitcoin-Like Cryptocurrency as Legal […]
What risks ICOs pose for authorities and investors?
Last week the Russian bitcoin exchange, BTC-e, told the public about the trading platform’s plan to repay customers. Now the exchange is back and says there will be a full update come August 30 and the organization will follow with daily announcements. Further, BTC-e answered multiple questions from customers who want access to their funds. […]
BTC-e says it will publish more frequent updates about its recovery plans after August 31, according to a newly released statement.
The Australian government has introduced legislation in mid-August 2017 that will regulate virtual currency exchanges in the country.
Australia is moving to introduce a new bill that would extend the country’s anti-money laundering laws to cover domestic cryptocurrency exchanges.
According to a new post on the forum Bitcointalk, the now defunct BTC-e exchange says it has control over some its servers and bitcoin wallets. At the moment, operators of the trading platform detail they are evaluating the balances. Also read: Segwit2x and the Tale of Three Bitcoins BTC-e Reveals They Are Assessing Wallets and Balances […]