Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity

Deutsche Bank headquarters got raided this week as another bank that regularly criticizes Bitcoin is again suspected of money laundering. Deutsche Bank Haunted by Panama Papers As Bloomberg reported November 29, an investigation into two employees at the lender has even resulted in its Frankfurt headquarters being searched, with shares falling almost 5 percent. Deutsche […]

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Nordea in Money Laundering Scandal After Calling Bitcoin ‘High-Risk’ for Money Laundering

Nordic banking giant Nordea Bank is allegedly implicated in a multi-million money laundering scandal. Reportedly, the case is related to another recent money laundering scheme involving Denmark’s Danske Bank. Nordea in Hot Water  Banking giant Nordea Bank, headquartered in Helsinki, is alleged to have accepted criminally-sourced funds from banks located in Lithuania and Estonia. The […]

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DEA: The Number Of Illegal vs. Legal Uses of Bitcoin Has Swapped

If 90 percent of Bitcoin’s applications used to be tied to illegal activities in 2013, today, the cryptocurrency is being used for legal financial speculation in 90 percent of cases. Bitcoin and illegality are found in association only 10 percent of the time currently. Bitcoin’s $4 Billion Volume: 10 Precent Crimes, 90 Percent Trading That’s […]

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Mining Crypto and Evading Sanctions in North Korea

Cybersecurity and anti-money laundering experts believe that North Korea could be using cryptocurrencies to acquire USD. The country is likely developing its own cryptocurrency and private blockchain. Mining Crypto to Evade International Sanctions Experts from MirandaFinIntel Consulting recently told Asia Times, that North Korea has increased its use of cryptocurrencies for accessing U.S. dollars and […]

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Cryptocurrency Makes Up Only 0.17% of All Money Laundering Cases in Japan

Adam James · February 23, 2018 · 6:00 pm Cryptocurrency opponents have long argued that digital currencies are tools for money launderers. If the National Police Agency in Japan is to be believed, that may indeed be the case — though it’s not as prevalent as one might think. Minimal money laundering According to reports, […]

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