Samurai Wallet Gets the Chop as Feds Twist the Knife
The popular Bitcoin wallet and mixer, Samurai Wallet, has been shut down with its founders accused of conspiring to commit money laundering.
Blockchain company BUIDL launches anti-money laundering tool
Japanese blockchain company BUIDL has launched SHIEDL, an anti-money laundering (AML) and counter financing of terrorism (CFT) tool for cryptocurrency exchanges.
UK Government appoints FCA as economic crime enforcer
Cryptocurrency scam-related queries have been growing at a consistent rate since May 2018. In response, the UK’s Financial Conduct Authority has been named as an enforcer of the newly published Economic Crime Plan.
European authorities swoop on bitcoin mixing service
Dutch authorities have seized the servers and domain of Bestmixer.io, one of the most popular cryptocurrency mixing services. Bitmixer is accused of money laundering and ‘dusting attacks’, where tiny amounts of cryptocurrency are sent to thousands of wallets without recipient consent.
BTC-e indicted for laundering MtGox funds, fined $110 Million
The U.S. Department of Justice (DOJ) recently announced the indictment of a Russian national and an organization he allegedly operated, the bitcoin exchange BTC-e, for operating an unlicensed money service business, money laundering, and related crimes. “BTC-e was noted for its role in numerous ransomware and other cyber-criminal activity; its take-down is a significant accomplishment.” - Michael D’Ambrosio, Special Agent in Charge of the US Secret Service Criminal Investigative Division
Recommendations to prevent virtual currencies from being used for fraudulent purposes and money laundering
The group produced an overview of the risks and threats associated with virtual currencies, and drew up a set of recommendations with an eye to lessening their impact. Since the virtual currency sector is growing by leaps and bounds, it is worth pointing out that the recommendations are based on an analysis of the situation as of June 2014
Bitcoin Market,economics and regulation
This briefing by the European Parliamentary Research Service provides insights into, what is Bitcoin? Main advantages of Bitcoin, main disadvantages of Bitcoin, money laundering & tax fraud issues, regulating Bitcoin, institutional views and future prospects.
