@AFP: Paris prosecutors asked investigating judges on Wednesday to order a criminal trial for Alexander Vinnik, a Russian suspected of money laundering on the bitcoin exchange BTC-e, and who is also wanted by Washington and Moscow https://t.co/MV1qdze23Y https://t.co/4J5N6gommU
74% of bitcoin moved in exchange txns pose risk for money laundering
Over the past few years, cryptocurrencies have generated a lot of interest from institutional investors. With more regulations surrounding the digital assets market, crypto has gone fairly mainstream. However as most economies work with digital assets, there has also been a push to strengthen regulations so that cryptocurrencies do not become a safe haven for […]
Greece stops extradition of accused stolen Mt. Gox money launderer Alexander Vinnik to France, pending an appeal. Vinnik & his former exchange, BTC-e, stand accused of laundering over $4 billion dollars in bitcoin from Mt Gox, drug trafficking and cyber crime
Bitcoin: EU approves cryptocurrency clampdown to combat terrorism financing - The European Union has agreed to implement stricter rules on exchange platforms that deal with virtual currencies, including bitcoin. The measure is part of an effort to prevent terrorist financing and money laundering.
Because I am a large exchanger of bitcoins my bank account was frozen and I am being investigated by the german financial crimes unit for money laundering
Using a throwaway obviously to protect my identity. Some background: I am currently living in germany, but from another country. I purchased my bitcoins while living in this other country over a year ago. I now want to purchase a home with some of the bitcoins I purchased and because I used localbitcoins a few times (and was scammed and had a SEPA transactions reversed and one other forged apparently) I came up on the financial crime units list. So when I started having large amounts hitting my bank account from both mtgox and bitstamp, 2 more flags apparently were raised and 2 policemen came to my home and asked me to come to to the station to discuss my activity... as well as my freezing my bank account (with the money I need to pay for the house). So, a few days ago I went into the station to discuss with them how I invested, what the charges were about (from localbitcoins) and I had to show them when and how much I invested in bitcoins originally and how many I currently own. I am now hoping that my bank account will be unfrozen in the next few days as according the police, everything went pretty well but it still up to the judge to make a decision on my case. So, if you are living in germany and using bitcoins- please take note. You must always be conscious of how you are using your coins and what level of transparency you require given the amounts you are using. I personally will never use SEPA transfers again and will only do localbitcoin transactions in person.
Britain's youngest billionaire and Bitcoin exchange co-founder charged over money laundering in US The charges are the latest in a years-long effort by the US to crackdown on a cryptocurrency ... US authorities on Thursday charged the founders of BitMEX, a major cryptocurrency exchange, with wilfully failing to prevent money laundering and operating an unregistered trading platform. The ... Depending on the exchange, they could convert it to allegedly ‘clean’ fiat, but fiat markets on unregulated exchanges are hard to come by, and often shortlived. Inevitably, money launderers ... A man from the Orange County has been admitted of laundering up to 25 Million Dollars via a network of the unlicensed Bitcoin ATMs and also in-person exchanges. The accused has been identified to be Kais Mohammad who knew that many of his customers had laundered the proceeds of the crime via his Bitcoin exchange network.. The defendant, aged 36 years belonging from the Orange County of ... British company linked to Bitcoin exchange at centre of FBI money laundering claims Save BTC-e was one of the world’s largest cryptocurrency exchanges, handling more than $9bn (£7bn) of Bitcoin ...
Money laundering fears for virtual currency Bitcoin - BBC ...
Today, we dive into, Bitcoin & Tether’s biggest use case. Laundering money for the Mexican drug cartels, through Chinese underground banking systems! Chainalysis exposed how Huobi & Binance are ... Britain's youngest billionaire and Bitcoin exchange co-founder charged over money laundering in US The charges are the latest in a years-long effort by the U... The digital currency Bitcoin has been making headlines this week after a huge increase in value, but ministers are to introduce tighter regulations on the vi... How are criminals using bitcoin to launder money? How is money laundering with bitcoin different from traditional money laundering methods?