A former bitcoin trader from Arizona has been sentenced to 41 months in jail for laundering drugs money with crypto.
There’s a Bigger Scam Than Anything in Crypto, It’s Called KYC/AML
Anti-money-laundering and know-your-customer practices have cost many billions more than all ICO scams put together – yet, what they have produced?
Russians Indicted for US Election Hacks Used Bitcoin to Fund Operations
Twelve Russian officials indicted for hacking into Democratic National Committee email accounts allegedly used cryptocurrencies, the DOJ announced.
LocalBitcoins Trader ‘Bitcoin Maven’ Sentenced to Year in Prison
A Los Angeles bitcoin trader was sentenced Monday to one year in federal prison.
Senator: Cryptos Pose ‘Host of Challenges’ for Congress
DarkTower director Scott Dueweke said cryptocurrencies are “tailor made” for foreign powers hoping to influence American elections.
Japan’s Financial Watchdog Orders AML Shake-Up at 6 Crypto Exchanges
Japan’s Financial Services Agency has issued business improvement orders to six licensed crypto exchanges operating in the country.
Money-Laundering Task Force Wants Binding Rules for Crypto Exchanges
The Financial Action Task Force reportedly aims to develop compulsory rules for the world’s cryptocurrency exchanges.
Coinbase-Cryptsy Lawsuit Will Head to Jury Trial
Coinbase has lost another appeal in a case brought by former customers of the defunct exchange Cryptsy, and the case will now proceed to a jury trial.
Coinbase-Cryptsy Lawsuit Will Head to Jury Trial
Coinbase has lost another appeal in a case brought by former customers of the defunct exchange Cryptsy, and the case will now proceed to a jury trial.
Taiwan Eyes November Deadline for Bitcoin AML Regulation
Taiwan will formally regulate bitcoin under anti-money laundering rules by the end of the year, says its minister of justice.
Taiwan Moves to Capture Bitcoin Under Money Laundering Laws
The government of Taiwan has moved a step closer to regulating bitcoin under existing anti-money laundering (AML) rules.
Europol Nabs 11 in Crypto Drug Money Laundering Case
Europol has shut down an alleged drug trafficking operation that used cryptocurrencies to launder money from Spain to Colombia.
Taiwan Central Bank Proposes Money Laundering Rules for Bitcoin
The Central Bank of Taiwan is eyeing new rules that would bring bitcoin under the island’s existing anti-money laundering regulations.
Arizona Bitcoin Trader Convicted for Crypto Money Laundering
An Arizonan bitcoin trader has been convicted for using the cryptocurrency to launder the proceeds of drug deals.
Korean Regulators to Probe Banks’ AML Measures for Crypto Exchanges
Two South Korean regulators are reportedly launching an investigation of banks’ implementation of anti-money laundering procedures for exchanges.
Brazilian Officials Caught Using Bitcoin in $22 Million Scam
Corrupt Brazilian officials have been caught allegedly using bitcoin to divert millions in public funds that were intended for prison supplies.
IMF’s Lagarde: Track Cryptos with Blockchain to ‘Fight Fire with Fire’
IMF head Christine Lagarde has argued that regulators could use blockchain technology itself to regulate cryptocurrencies
Japan to Call for G20 Action on Crypto Money Laundering
Japan is reportedly planning to use the G20 meeting next week to call for combined efforts to combat cryptocurrency use in money laundering.
Ex-IMF Economist: Bitcoin Could Drop to $100 in the Next Decade
Economist Kenneth Rogoff said Tuesday that he expects bitcoin’s price will decrease by 2028.
UK Central Bank to Clamp Down on Crypto Money Laundering
The head of the Bank of England has said that the institution will step up its efforts to combat cryptocurrency money laundering.