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Analysis From speculation about its inherent value to theories about it being the payment method of choice for criminals, cryptocurrency is having a tough time keeping a clean name. One of the most common accusations is that cryptocurrencies perpetuate the sale of illicit drugs, a view recently ex..
News Neil Wals, chief of the United Nations Office on Drugs and Crime Global Cybercrime Program, warned that cryptocurrencies have made combating money laundering significantly harder. Australian news outlet ABC reported on Aug. 29 that Wals said cryptocurrencies make fighting cybercrime, money la..
The US government has singled out cryptocurrencies including Bitcoin as a funding mechanism for the ongoing trend for smuggling the drug fentanyl.FinCEN Advisory Mentions Cryptocurrencies In an advisory issued on August 21, the Financial Crimes Enforcement Network (FinCEN) highlighted the use of ..
News On Aug. 21, the White House issued two advisories regarding illicit drug purchases in the United States that contain references to the specific cryptocurrencies allegedly used as a part of this process. The advisories were addressed to various financial institutions as well as digital payment..
News The United States Department of the Treasury has added multiple cryptocurrency addresses to its Specially Designated Nationals (SDN) list under the Foreign Narcotics Kingpin Designation Act, or the Kingpin Act. These addresses, and the individuals associated with them, have been deemed to be ..
News A couple operating out of Merced, California have pleaded guilty to selling drugs on the dark web in exchange for cryptocurrencies, including Bitcoin (BTC) and Bitcoin Cash (BCH). The United States Department of Justice announced the charges in a press release on Aug. 6. According to the anno..
Paul Le Roux is a criminal kingpin turned criminal informant whose misdeeds have filled a book. The author of that tome is investigative journalist Evan Ratliff, whose rip-roaring tale has recently received a postscript: Le Roux may also be Bitcoin creator Satoshi Nakamoto. This week on the Humans o..
If you’ve facilitated large-scale illicit activity online using cryptocurrencies, just waiting for a few years to make an escape is no longer going to cut it courtesy of increasingly advanced blockchain analysis techniques. That reality was on full display this week, as the U.S. Justice Department’..
Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates, for us..
Bitcoin automated teller machines (ATMs) are becoming increasingly used in today’s world. As of the time of writing this, there exist over 5,000 of these machines worldwide, up from 1,000 in 2017. While most of them seem innocuous, sitting mostly unused at the corner of coffee shops and gasoline sta..
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