Bitcoin Money Laundering Statistics (2020) - CoinDiligent

Mister Babylon's 33000 Bitcoin Laundering Service. Popcorn anyone?

Mister Babylon's 33000 Bitcoin Laundering Service. Popcorn anyone? submitted by newretro to Bitcoin [link] [comments]

Twitter Hackers may be using Wasabi wallet service to launder stolen Bitcoins

Twitter Hackers may be using Wasabi wallet service to launder stolen Bitcoins submitted by kellysmith to CryptoCurrency [link] [comments]

Bitcoin laundering. How?

What is the status on Bitcoin laundering services? Has someone open sourced it? Is there a reputable service that people are using now? Any that should be avoided? I'd like to scramble my Bitcoin up and break my links to Coinbase and Circle.
submitted by x62617 to Bitcoin [link] [comments]

Twitter Hackers may be using Wasabi wallet service to launder stolen Bitcoins (x-post from /r/Cryptocurrency)

Twitter Hackers may be using Wasabi wallet service to launder stolen Bitcoins (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bath Township man ran service that laundered $311 million in bitcoin for darknet transactions, feds say

Bath Township man ran service that laundered $311 million in bitcoin for darknet transactions, feds say submitted by kirby__000 to TechNewsToday [link] [comments]

Bitcoin "Mixer" Services called illegal and thrown into money laundering category by government.

Bitcoin submitted by scgco to GGCrypto [link] [comments]

Akron man ran service that laundered $311 million in bitcoin for darknet transactions, feds say

Akron man ran service that laundered $311 million in bitcoin for darknet transactions, feds say submitted by DrinkMoreCodeMore to akron [link] [comments]

Bath Township man ran service that laundered $311 million in bitcoin for darknet transactions, feds say

Bath Township man ran service that laundered $311 million in bitcoin for darknet transactions, feds say submitted by DrinkMoreCodeMore to darknet [link] [comments]

Bath Township man ran service that laundered $311 million in bitcoin for darknet transactions, feds say

Bath Township man ran service that laundered $311 million in bitcoin for darknet transactions, feds say submitted by DrinkMoreCodeMore to Bitcoin [link] [comments]

Ohio man arrested for running Bitcoin mixing service that laundered $300 million | ZDNet

Ohio man arrested for running Bitcoin mixing service that laundered $300 million | ZDNet submitted by robt1010101 to darknetdiaries [link] [comments]

Bath Township man ran service that laundered $311 million in bitcoin for darknet transactions, feds say

Bath Township man ran service that laundered $311 million in bitcoin for darknet transactions, feds say submitted by DrinkMoreCodeMore to CryptoCurrency [link] [comments]

Bath Township man ran service that laundered $311 million in bitcoin for darknet transactions, feds say

Bath Township man ran service that laundered $311 million in bitcoin for darknet transactions, feds say submitted by DrinkMoreCodeMore to Ohio [link] [comments]

Bath Township man ran service that laundered $311 million in bitcoin for darknet transactions, feds say

submitted by kirby__000 to TechNewsToday [link] [comments]

Bath Township man ran service that laundered $311 million in bitcoin for darknet transactions, feds say

submitted by kirby__000 to TechNewsToday [link] [comments]

Ohio man arrested for running Bitcoin mixing service that laundered $300 million https://t.co/UeiLalc00X

Ohio man arrested for running Bitcoin mixing service that laundered $300 million https://t.co/UeiLalc00X
— Digitalmunition (@maher275) February 14, 2020
from Twitter via IFTTT
submitted by shinney to digitalmunition [link] [comments]

New Anti-Money Laundering Regulations Forcing A Bitcoin Service Firm to Close Down

submitted by cryptoallbot to cryptoall [link] [comments]

Bitcoin Service Bottle Pay Closing Due to New Anti-Money Laundering Regulations

Bitcoin Service Bottle Pay Closing Due to New Anti-Money Laundering Regulations submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Bitcoin Service Bottle Pay Closing Due to New Anti-Money Laundering Regulations

Bitcoin Service Bottle Pay Closing Due to New Anti-Money Laundering Regulations submitted by n4bb to CoinPath [link] [comments]

Shower thought: How do regulators suggest Bitcoin's "dark" uses (payment for drugs, weapons, money laundering, other potential illicit activities) warrant negative propaganda against Bitcoin when USD fiat has literally billions of dollars out there just to service organized crime?

submitted by gtacontractor to Bitcoin [link] [comments]

What the ACTUAL CHINESE NOTICE (not summary) says: This is legalization for Bitcoin in China to be bought and sold and traded even for goods and services by everyone except banks and money launderers as long as people don't claim it is official Chinese currency. THAT IS WHAT IT SAYS.

People keep analysing the press release summary not the notice and the press release summary is inaccurate.
What the actual Chinese notice (not press release summary written by someone else) says in an ACCURATE SUMMARY IS:
This is legalization for Bitcoin in China to be bought and sold and traded even for goods and services by everyone except banks and money launderers as long as people don't claim it is official Chinese currency. THAT IS WHAT IT SAYS.
see here:
This is the actual translated Chinese notice.
begin quote
" People's Bank of China Ministry of Industry and Information Technology China Banking Regulatory Commission China Securities Regulatory Commission China Insurance Regulatory Commission
Notice on preventing Bitcoin risk
Recently, a so-called Bitcoin calculated using certain computer programs gained widespread worldwide attention, there are also organizations and persons in China taking this opportunity to promote Bitcoin and related products. In order to protect the public's property rights, to protect RMB's official currency status, to prevent money laundering risk and to protect financial stability, according to the People's Bank Act, the Anti-Money Laundering Act, the Commercial Bank Act, Telecommunications Regulations etc, the following notice is made:
1 Correct knowledge of Bitcoin
Bitcoin has four main characteristics: no central issuer, limited quantity, no geographical limits and anonymity. Although it is called currency, it is not issued by a monetary authority, it does not have the status of legal tender and obliged payment status of currency, it is not currency in the true sense. Bitcoin is a specified virtual commodity, it does not have equal legal status with currency, and it cannot and should not be circulated as currency on the market.
(OP reviews: so 1. It doesnt have LEGAL status as an official currency issued by the state becuase it is not and so it shouldn't be CALLED a currency. you can however trade and exchange things for it without restirction as long as you aren't laundering money. That's like saying you can't call a Bitcoin a USD dollar because it isn't. THe government doesn't back it. None the less it is compleletely legal to buy sell or hold or exchang ethings for it. You can exchange stuff for it. it is legal to do that and buy and sell it and hold it. just like you can trade a can of beans for an ounce of gold. you just CAN'T SAY ITS OFFICIAL CHINESE CURRENCY BECAUSE IT ISNT. THAT 'S ALL)
2 Financial institutions and payment institutions must not start Bitcoin related business
At this stage, all financial institutions and payment institutions(only emphasis added - othe rbusinesses can do as they like) must not use Bitcoin to set price for product or services, not buy or sell Bitcoins, not act as a market maker for Bitcoins, not underwrite insurance related to Bitcoin or cover Bitcoin in insurance, not directly or indirectly provide other Bitcoin related services, including registering, trading, clearing, settlement; not accept Bitcoin or use Bitcoin as payment tool; not start a Bitcoin and RMB or foreign currency exchange; not start a Bitcoin saving, trust or mortgage service; not issue Bitcoin related financial services; not use Bitcoin as the investment in trusts or funds.
(OP reviews: so in other words banks stay out of bitcoin and don't manipulate it and play any of your corner the market games with it or charge customers fees for it.)
3 Strengthening regulation of Bitcoin websites
According to the Telecommunications Act and the Regulation on Internet Information Service, websites that provide Bitcoin services like registration, trading etc should register with the telecommunications regulation authorities.
The telecommunications regulation authorities, following the determinations and punishment opinions of the relevant management authorities, should close down illegal Bitcoin sites according to law.
(OP reviews: register your websites - about as minimal a requirement as they could have given)
4 Prevent possible Bitcoin money laundering risk
Branches of the People's Bank should closely monitor the trends and activities Bitcoin and other similar virtual commodities with the characteristics of anonymity and easy cross-border access, seriously consider its money laundering risk, research and implement targeted preventative measures. The branches should include lawfully established organizations that provide Bitcoin registration or exchange services in its area into its anti-money laundering monitoring, and supervise them to strengthen their anti-money laundering monitoring.
Bitcoin websites should earnestly carry out their anti-money laundering duty, confirm the identities of their users, have them register using their real names, and register their name and ID card number. If financial institutions, payment institutions or Bitcoin websites discover suspicious transactions involving Bitcoin or other virtual commodities, they should immediately report it to the China Anti-Money Laundering Monitoring and Analysis Center, and cooperate with the People's Bank's investigation; if they find evidence of fraud, gambling, money laundering using Bitcoins, they should report it to the police.
(OP reviews: don't launder money with Bitcoin. track people and report those who look suspiciously like they ARE laundering money with btcoin. everyone else - you are ok to do as you like with Bitcoin- its official- bitcoin is fully legal.)
5 Strengthening public education on money knowledge and investment risk
Departments, financial organizations and payment organizations should in their daily tasks teach the public the correct concept of currency, to emphasize on public education about currency, and to add to public financial knowledge education the contents of correct knowledge of currency, correct views of virtual goods and virtual currency, rational investment, control of investment risk and defending one's financial safety, in order the public have correct views on currency and investing.
(OP reviews: educate people so they aren't deceived. duh)
Financial monitoring authorities can set implementation details according to this notice
Would the People's Bank branches please distribute this Notice to financial organizations and payment organizations in their area. Any new situations or questions arising from this notice please report promptly to the People's Bank." " END QUOTE
This comes from the link below and is ONLY THE BOTTOM PART. NOT THE TOP PART WHICH IS SOMEONE ELSES PRES RELEASE SUMMARY AND WRONG.
http://www.reddit.com/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/
edit:
additional confirmation of my interpretation from
http://www.scmp.com/business/banking-finance/article/1374052/surge-use-bitcoin-leads-ban-china-trading
"However, the central bank said the public was free to take part in internet transactions provided they take on the risk themselves. Internet companies serving as trading platforms should ask clients to register with information including their name and identity card number, it said.
Bitcoin exchanges may be forced to inform authorities about sizeable or suspicious transactions, Bloomberg reported, citing unnamed sources."
also
"The People's Bank of China (PBOC) said no financial institutions, payment agencies or insurers should price products and services in bitcoin, nor are they allowed to trade or provide bitcoin exchange or settlement services. "
submitted by georedd to Bitcoin [link] [comments]

Wells Fargo’ anti-money laundering chief has launched a group to examine how it might safely offer Bitcoin-related services or banking arrangements to virtual currency entrepreneurs

http://www.reddit.com/Bitcoin/comments/1v7ij6/wells_fargo_calls_bitcoin_rules_summit/ so you can avoid the pay wall
submitted by ActualAdviceBTC to BitcoinMarkets [link] [comments]

FED Biz Ops post- Bitcoin exchanges and most Bitcoin miners are required to register as Money Services Businesses and comply with anti-money laundering regulations. To accomplish FinCEN regulatory, enforcement and investigative mission, FinCEN needs this bitcoin transaction data and analysis tool

submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

#Bitcoin2014 - Anti-Money Laundering on a Transparent Network 15 People Plead Guilty in Bitcoin-Powered Fake Auctions Case Bitcoin Laundering Service Anonymize Bitcoins BitLaunder - Bitcoin Laundering and Mixing - YouTube G2 Web Services Transaction Laundering

“Bitcoin is mainly used for money laundering” In 2018, the Bitcoin network settled over $400 Billion in value. That is 160 times larger than the total amount of Bitcoin laundered to date and shows that money laundering constitutes a negligible fraction of the Bitcoin economy. “Bitcoin laundering cannot be prevented” A Man resident in Ohio, U.S arrested for laundering 300$ valued bitcoin by running Darknet-based Cryptocurrency laundering Service and committed a big laundering fraud between 2014 to 2017. Larry Harmon, 36 of Akron, Ohio was charged in the District of Columbia on Feb 11 for unlicensed money transmitting business with the name of Helix, a Darknet-based cryptocurrency laundering service. New data shows criminals are actively laundering Bitcoin through the top cryptocurrency exchanges, with 380,000 BTC ($2.5B) washed so far. Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Referred to as the currency of crooks in some circles, bitcoin’s reputation is not solely positive. Yet for those who know bitcoin, it may be difficult to imagine how laundering money through it is possible. Every bitcoin transaction leaves a trail, with the history permanently stored on the blockchain; Bitcoin’s…

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#Bitcoin2014 - Anti-Money Laundering on a Transparent Network

Bitcoin 2014's Rules of the Game: The Legal Landscape's Panel: Anti-Money Laundering on a Transparent Network took place on Friday, May 16, 2014 at the O7 from 3:30pm-4:30pm. The DoJ asserts that Popescu oversaw “an operation whereby he knowingly negotiated fraudulently obtained Bitcoin” through online fraud, in addition to providing money laundering services and ... Bitcoin Laundering Service Anonymize Bitcoins - YouTube http://BitLaunder.com anonymizes your bitcoins, helps you launder bitcoins and scramble the origins of your coins so you can conduct... $1.2 Billion in Cryptocurrency Laundered Through Bitcoin Tumblers, Privacy Coins California-based blockchain and cryptocurrency security firm CipherTrace rel... Transaction laundering is not new, but it has quickly evolved into one of the payment industry’s most prominent and most difficult problems. Transaction laundering — also previously known as ...

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