U.S. regulator FinCEN is urging domestic exchanges to prevent Iran from using cryptocurrency to bypass economic sanctions. This article is originally written and posted on https://www.coindesk.com/fincen-blasts-irans-use-of-crypto-to-bypass-economic-sanctions/.  Visit https://www.coindesk.com/ today for all…

Continue Reading

A report on cryptocurrency theft published by cyber security firm CipherTrace found that hacking of exchanges and trading platforms has jumped 250 percent in the first nine months of 2018…

Continue Reading

International AML Task Force to Close “Gaps” Created by Virtual Currencies The Financial Action Task Force (FATF), an intergovernmental organization founded in 1989 on the initiative of the G7 to combat…

Continue Reading

The Financial Action Task Force (FATF), an intergovernmental organization founded in 1989 on the initiative of the G7 to combat anti-money laundering (AML), may be about to agree with a…

Continue Reading

A cryptocurrency dealer is being prosecuted in the U.S. for allegedly committing 30 counts of money laundering involving bitcoin. This article is originally written and posted on https://www.coindesk.com/21-year-old-trader-prosecuted-over-bitcoin-money-laundering/.  Visit https://www.coindesk.com/ today…

Continue Reading

A former bitcoin trader from Arizona has been sentenced to 41 months in jail for laundering drugs money with crypto. This article is originally written and posted on https://www.coindesk.com/arizona-bitcoin-trader-gets-jail-sentence-for-money-laundering/.  Visit https://www.coindesk.com/…

Continue Reading

New Extradition Request Complicates Case of Bitcoin Fraud Suspect Alexander Vinnik A Greek court has accepted a Russian request to extradite Bitcoin (BTC) fraud suspect Alexander Vinnik, complicating subsequent international litigation, the Associated Press reported July…

Continue Reading

Anti-money-laundering and know-your-customer practices have cost many billions more than all ICO scams put together – yet, what they have produced? This article is originally written and posted on https://www.coindesk.com/theres-a-bigger-scam-than-anything-in-crypto-its-called-kyc-aml/. …

Continue Reading

Twelve Russian officials indicted for hacking into Democratic National Committee email accounts allegedly used cryptocurrencies, the DOJ announced. This article is originally written and posted on https://www.coindesk.com/russian-dnc-hackers-used-cryptocurrency-to-fund-their-operations/.  Visit https://www.coindesk.com/ today for…

Continue Reading

A Los Angeles bitcoin trader was sentenced Monday to one year in federal prison. This article is originally written and posted on https://www.coindesk.com/localbitcoins-trader-bitcoin-maven-sentenced-to-year-in-prison/.  Visit https://www.coindesk.com/ today for all Crypto News and…

Continue Reading

DarkTower director Scott Dueweke said cryptocurrencies are “tailor made” for foreign powers hoping to influence American elections. This article is originally written and posted on https://www.coindesk.com/senator-cryptos-pose-host-challenges-congress/.  Visit https://www.coindesk.com/ today for all…

Continue Reading

Japan’s Financial Services Agency has issued business improvement orders to six licensed crypto exchanges operating in the country. This article is originally written and posted on https://www.coindesk.com/japans-financial-watchdog-orders-aml-shake-up-at-6-crypto-exchanges/.  Visit https://www.coindesk.com/ today for…

Continue Reading

Japan’s Financial Services Agency (FSA) will be taking administrative action against several registered cryptocurrency exchange operators in the country. These exchanges include Quoine, Bitbank, BITPoint Japan, BtcBox, and industry leader BitFlyer,…

Continue Reading

The Financial Action Task Force reportedly aims to develop compulsory rules for the world’s cryptocurrency exchanges. This article is originally written and posted on https://www.coindesk.com/money-laundering-task-force-wants-binding-rules-for-crypto-exchanges/.  Visit https://www.coindesk.com/ today for all Crypto…

Continue Reading

In attempts to prevent another Coincheck-like heist, Japan’s Financial Services Agency (FSA) has unveiled stricter standards for cryptocurrency exchanges that register with the financial watchdog. FSA: Stricter Guidelines for Exchanges…

Continue Reading

The Financial Services and Treasury Bureau (FSTB) in Hong Kong has released its 2018 Money Laundering and Terrorist Financing Risk Assessment Report. The report comes as financial crimes are on…

Continue Reading

The Vancouver Police Department (VPD) has warned Canada’s federal government that cryptocurrencies are increasingly being used by organized crime to launder money. The agency advises that checks and balances are…

Continue Reading

The Central Bank of Taiwan is eyeing new rules that would bring bitcoin under the island’s existing anti-money laundering regulations. This article is originally written and posted on https://www.coindesk.com/taiwan-central-bank-proposes-money-laundering-rules-for-bitcoin/.  Visit https://www.coindesk.com/…

Continue Reading

Two South Korean regulators are reportedly launching an investigation of banks’ implementation of anti-money laundering procedures for exchanges. This article is originally written and posted on https://www.coindesk.com/korean-regulators-to-probe-banks-aml-measures-for-crypto-exchanges/.  Visit https://www.coindesk.com/ today for…

Continue Reading

[embedded content] RoadtoRoota Update: Cryptos Bad?? Biggest Money Launder in the World? (Bix Weir) Source: RoadtoRoota Share this: This article is originally written and posted on https://www.cryptocoinupdates.com/roadtoroota-update-cryptos-bad-biggest-money-launder-in-the-world-bix-weir/.  Visit https://www.cryptocoinupdates.com/ today for…

Continue Reading

A well-known economist has predicted a steep drop in the price of bitcoin over the long-term. Kenneth Rogoff, a Harvard professor and former chief economist at the International Monetary Fund,…

Continue Reading

A well-known economist has predicted a steep drop in the price of bitcoin over the long-term. Kenneth Rogoff, a Harvard professor and former chief economist at the International Monetary Fund,…

Continue Reading