The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate.
The rise of crypto-related crimes and money laundering cases is the result of the increasing mass crypto adoption.
Had it been Coinbase or Nexo, he agreed with speculation that law enforcement would have been knocking on the door the next day.
Will this legal contradiction be resolved before the deadline?
The revelation that the world’s foremost financial institutions have been willfully laundering criminal money reminds us that Bitcoin has an unearned reputation.
The post FinCEN Files Remind Us That Bitcoin Is Still Not For Money Laundering appeared first on Bitcoin Magazine.
Reports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September 21. Also tumbling in tandem with stocks were cryptocurrencies thus leading to renewed concerns that digital assets are intertwined with the global financial system. However, these concerns are dismissed by […]
The post Keiser Insists ‘Bitcoin Inversely Correlated To USD Not Stock Markets’ After Crypto Market Tumble appeared first on Bitcoin News.
The leaked documents show many banks ‘enabling’ money laundering.
Where does the right to financial privacy end?
DeFi could fall under regulatory pressure if it is seen as a haven for money laundering.
The FATF doesn’t seem to like frequent jurisdiction hoppers, notably Binance.