Partly offsetting the positive trend is an explosion in ransomware attacks, which rose 311% from 2019.
Adoption by criminal enterprises is evidence of the product/market fit for censorship-resistant tech and an indicator of whether innovation will see usage in the non-criminal world.
Charges against BitMEX for weak AML and KYC policies could be bad news for the world of decentralized finance
Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money from millions of customer accounts to unauthorized accounts, and misusing customers’ sensitive […]
The post Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers appeared first on Bitcoin News.
The State Revenue Service of Latvia (SRS) has seized some bitcoins for the first time. The cryptocurrency, allegedly acquired through illegal means, is still being stored in the wallet set up by a criminal. Experts have expressed concerns about the risk of the money disappearing as officials continue to insist only government agencies have access […]
The post Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet appeared first on Bitcoin News.
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 and laundering of cash with impunity. Also Read: Why the Counter Economy […]
The post Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage Crime appeared first on Bitcoin News.