The New South Wales Police Force have placed two Sydney residents in custody after they allegedly attempted to launder $300,000 in cash that was suspected to be involved in a string of crimes, by converting them into crypto. Criminal Crypto Converting Couple Charged NSW Police Cybercrime Squad detectives arrested an unidentified male, age 32, and…
North Korea is reportedly ramping up the use of cryptocurrencies to evade US economic sanctions. It’s also alleged that the country is developing its own native crypto asset to further assist moving money across borders, according to a duo of financial intelligence analysts from Washington D.C. North Korea Allegedly Uses a Mixer to Launder Money Using…
The number of Bitcoin ATMs around the world continues to grow each year. For many, this signals a surging demand for real-world locations to trade Bitcoin – a sure sign of growing adoption, at least on paper. Thanks to exorbitant fees, however, it is difficult to picture folks using the ATMs for the most common…
Silk Road, a dark web drug market founded by Ross Ulbricht under the pseudonymous nickname “Dread Pirate Roberts” has had a critical impact on Bitcoin. While it’s associated with the dark web marketplace has forever left a stain on the crypto asset, Bitcoin may also not be where it is today if it didn’t catch…
According to a recent report published by crypto analytics firm Chainalysis, money laundering involving crypto assets has experienced a notable decline compared to the previous year. However, the report highlights that illicit actors have started adapting their tactics to evade detection and further obscure the movement of illicit funds. Evolving Tactics In Crypto Money Laundering…
The global entity responsible for setting international money laundering guidelines is finally ready to lay the foundation for its first crypto-specific set of rules by June 2018. FATF Readies Global Crypto Regulation on Money Laundering Paris, France-based money laundering watchdog, Financial Action Task Force (FATF), has seen increasing pressure from global governments to unify regulation…
At least Discord knows where it’s standing now. And, with this story, we know how early into the cryptocurrency game we all are. And how misunderstood all of this is by the general public. Discord’s founder and CEO Jason Citron hinted at possible integration with the Ethereum ecosystem, with NFTs, and with the incoming Web3.…
The popular Bitcoin wallet and mixer, Samurai Wallet, has been shut down with its founders accused of conspiring to commit money laundering. Today federal prosecutors brought charges against Keonne Rodriguez and William Lonergan Hill, founders of the Bitcoin wallet and mixer, Samurai Wallet, accusing them of conspiring to commit money laundering. This action reflects the…
The National Police Agency (NPA) of Japan has estimated that there were around 6,000 cases of suspected money laundering relating to crypto in the nation in the first three quarters of 2018. This figure is more than eight times that of the final nine months of the previous year. Japan’s Crypto Exchange Required to Report…
Regulators across the globe and in the United States are taking a tougher stance on Bitcoin and other cryptocurrencies ever since the news broke that Facebook would be launching a crypto asset of their own, sparking widespread outrage and concern. While power and privacy are the main concerns over Facebook’s libra crypto token, Bitcoin and…