Two charged in Bitcoin drug money laundering probe: digital currency linked to organised crime

Two men who operate Bitcoin exchange businesses have been charged with money laundering for helping drug merchants exchange USD 1 million in cash for the digital currency.

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From: JewishNewsOne

Related topics : bitcoin exchange money laundering / currency exchange bitcoin to usd / usd to bitcoin cash exchange / digital money bitcoin

Arrested Bitcoin Men Facing Money Laundering Charges

US prosecutors have announced charges against two men operating Bitcoin exchange businesses for trying to sell $1m in the digital currency to users of the underground website Silk Road, shut down by authorities in September.

The US Attorney's office in New York said in a statement that authorities arrested Charlie Shrem, chief executive officer of the exchange BitInstant.com, on Sunday and Robert Faiella, who ran an underground Bitcoin exchange called BTCKing, on Monday.

The two were charged...

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From: FlipMedia

Related topics : bitcoin exchange money laundering / bitcoin digital currency exchange / bitcoin foundation linkedin

BREAKING NEWS: Bitcoin exchange BTC-e under fire from US Department of Justice

This just released: the United States Department of Justice has issued an indictment today against long-standing bitcoin exchange BTC-e on charges of money laundering. The exchange is currently offline, and a company mastermind, Alexander Vinnik, has been arrested in Greece.

"The arrest of Alexander Vinnik is the result of a multi-national effort and clearly displays the benefits of global cooperation among US and international law enforcement,” said FBI Special Agent in Charge Hess.

This...

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From: Chronos Crypto

Related topics : bitcoin exchange money laundering / bitcoin exchange btc e

Bitcoin men face money laundering charges

US prosecutors have announced charges against two men operating Bitcoin exchange businesses for trying to sell $1m in the digital currency to users of the underground website Silk Road, shut down by authorities in September. The US Attorney's office in New York said in a statement that authorities arrested Charlie Shrem, chief executive officer of the exchange BitInstant.com, on Sunday and Robert Faiella, who ran an underground Bitcoin exchange called BTCKing, on Monday.

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From: Al Jazeera English

Related topics : bitcoin exchange money laundering / bitcoin digital currency exchange

Bitcoin legal in australia on 1 july

contact : 9766333689

The Australian government is looking to update its anti-money laundering laws to include bitcoin and other digital currency exchanges.

According to a consultation document published this week by the Australian Attorney-General’s Department, the government wants to begin drafting legislative proposals by the middle of next year. The goal is to begin finalizing that legislation in 2018.

To get there, the government is soliciting public comment on the proposal, which...

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From: Online business plan

Related topics : bitcoin digital currency exchange

The European Union Wants to Identify Bitcoin Users

January 1, 2017

The European Union Wants to Identify Bitcoin Users

The European Parliament and the Council of the European Union have proposed amending a directive on preventing money laundering and terrorist financing that will require cryptocurrency exchanges and wallets to identify suspicious activity, a directive that would include identifying bitcoin users.

The directive constitutes the main legal instrument to prevent the EU financial system from being used for money laundering and...

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From: Defango

Related topics : bitcoin exchange money laundering

Bitcoin Exchange Raids by Income Tax Department in Hindi

Income tax department visited Bitcoin Exchanges in major Indian cities and demanded for data of users and transactions on grounds for tax evasion and money laundering.

Our Expert Sachin Khatri explains in this video about the threat of Bitcoin trading in India.

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From: Stocks Vidya

Related topics : bitcoin indian exchange / bitcoin exchange money laundering

Bitcoin exchange CEO arrested on drug money laundering charges

The CEO of one of the world's leading bitcoin exchanges - BitInstant - has been arrested in New York. The prosecution claims Charlie Shrem was involved in a drug money laundering scheme via the Silk Road website. READ MORE: http://on.rt.com/1nczp6

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From: RT

Related topics : bitcoin exchange money laundering