Bitcoin and Money Laundering | Criminal Defense Attorney

Sjors Provoost is *outraged* that the law could enact the "worrying precedent" of treating laundering of money as money laundering. Also, "this action puts lives at risk" (the lives of money launderers). Even the smart bitcoiners can be amazingly dumb.

Sjors Provoost is *outraged* that the law could enact the submitted by dgerard to Buttcoin [link] [comments]

Bitcoin app Bottle Pay halts ops over EU money laundering laws

Bitcoin app Bottle Pay halts ops over EU money laundering laws submitted by n4bb to CoinPath [link] [comments]

Bitcoin app Bottle Pay halts ops over EU money laundering laws

Bottle Pay, a social media tipping site based on Bitcoin, announced the company’s shutdown on December 13 due to new EU guidelines. Launched in June 2019, the company shut down barely three months after it secured a $2 million seed funding round.

In an official tweet, Bottle Pay says,

To maintain our integrity as service providers, and to protect the interests of our users, we have taken the painful decision to shut Bottle Pay down rather than become subject to the new #5AMLD regulations.
Please withdraw funds within the next 2 weeks.https://t.co/dZltbf7vjn

— Bottle Pay (@bottlepay) 13 December 2019

The new EU money laundering laws would require the platform to collect extra personal information of its users. Bottle Pay said this move would alter the current user experience. As Bottle Pay is a UK-based custodial bitcoin wallet provider, it will have to comply with the 5AMLD EU regulations, which will come into effect on January 10, 2020.

The platform which saw a huge growth in its users over the past five months also released an official statement on December 13 about its ceasing operating on December 31, at 13:00 GMT.

https://eng.ambcrypto.com/bitcoin-app-bottle-pay-halts-ops-over-eu-money-laundering-laws/
submitted by FastSellerService to BitcoinInfo [link] [comments]

Bitcoin App Bottle Pay Shuts Down Over Impending EU Money-Laundering Laws

Bitcoin App Bottle Pay Shuts Down Over Impending EU Money-Laundering Laws submitted by n4bb to CoinPath [link] [comments]

Bitcoin App Bottle Pay Shuts Down Over Impending EU Money-Laundering Laws

Bitcoin App Bottle Pay Shuts Down Over Impending EU Money-Laundering Laws submitted by a36 to AllThingsCrypto [link] [comments]

Bitcoin ATMs being used for drug-money laundering in Spain, as dealers exploit loophole in existing EU law

Bitcoin ATMs being used for drug-money laundering in Spain, as dealers exploit loophole in existing EU law submitted by a36 to AllThingsCrypto [link] [comments]

Spanish Police: Bitcoin ATMs a Blind Spot for Money Laundering Laws

Spanish Police: Bitcoin ATMs a Blind Spot for Money Laundering Laws submitted by raaner12 to Altcoinss [link] [comments]

Spanish Police: Bitcoin ATMs a Blind Spot for Money Laundering Laws

Spanish Police: Bitcoin ATMs a Blind Spot for Money Laundering Laws submitted by Ranzware to BitNewsLive [link] [comments]

Spanish Police: Bitcoin ATMs a Blind Spot for Money Laundering Laws

Spanish Police: Bitcoin ATMs a Blind Spot for Money Laundering Laws submitted by a36 to AllThingsCrypto [link] [comments]

Why you can't cash out pt 2: Bitcoin and Know Your Customer/Anti Money Laundering laws (KYC/AML) [by me]

Why you can't cash out pt 2: Bitcoin and Know Your CustomeAnti Money Laundering laws (KYC/AML) [by me] submitted by dgerard to Buttcoin [link] [comments]

Bitcoin one step closer to being regulated in Australia under new anti-money laundering laws - ABC News (Australian Broadcasting Corporation)

Bitcoin one step closer to being regulated in Australia under new anti-money laundering laws - ABC News (Australian Broadcasting Corporation) submitted by semiconductr to Bitcoin [link] [comments]

Florida passes law making crimes with bitcoin money laundering

Florida passes law making crimes with bitcoin money laundering submitted by Lukovka to Bitcoin [link] [comments]

Florida passes law making crimes with bitcoin money laundering

Florida passes law making crimes with bitcoin money laundering submitted by Lukovka to CryptoCurrency [link] [comments]

Taiwan Passes Anti Money Laundering Laws For Crypto Transactions #bitcoin #eth #fintech https://t.co/OKXFrLOgZx - Crypto Insider Info - Whales's

Posted at: November 5, 2018 at 11:29AM
By:
Taiwan Passes Anti Money Laundering Laws For Crypto Transactions #bitcoin #eth #fintech https://t.co/OKXFrLOgZx
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submitted by cryptotradingbot to cryptobots [link] [comments]

Bitcoin one step closer to being regulated in Australia under new anti-money laundering laws

Bitcoin one step closer to being regulated in Australia under new anti-money laundering laws submitted by bilbosfeet to BitcoinAUS [link] [comments]

@ulrichrosenbaum : Money-laundering hack and Japanese law could threaten a wipeout of Bitcoin Retweet if you like it! https://t.co/d4GFHzGr2T

@ulrichrosenbaum : Money-laundering hack and Japanese law could threaten a wipeout of Bitcoin Retweet if you like it! https://t.co/d4GFHzGr2T submitted by ulros to digitalbanking [link] [comments]

Money-laundering hack and Japanese law could threaten a wipeout of Bitcoin

Money-laundering hack and Japanese law could threaten a wipeout of Bitcoin submitted by leftok to atbitcoin [link] [comments]

US regulator: Bitcoin exchanges must comply with money-laundering laws

US regulator: Bitcoin exchanges must comply with money-laundering laws submitted by gglon to Bitcoin [link] [comments]

Taiwan Moves to Capture Bitcoin Under Money Laundering Laws

Taiwan Moves to Capture Bitcoin Under Money Laundering Laws submitted by ShotBot to CryptoCurrency [link] [comments]

Rubbish: Australia to regulate bitcoin under money laundering and counter-terrorism laws

Rubbish: Australia to regulate bitcoin under money laundering and counter-terrorism laws submitted by BobsBurgers4Bitcoin to btc [link] [comments]

Japan's Bitcoin Law Goes Into Effect Tomorrow ("brings bitcoin exchanges under anti-money laundering / know-your-customer rules, while also categorizing bitcoin as a kind of prepaid payment instrument")

Japan's Bitcoin Law Goes Into Effect Tomorrow ( submitted by eragmus to Bitcoin [link] [comments]

​​♻️The government of Taiwan continues to move towards regulation of bitcoin in accordance with the laws on combating money laundering.

​​♻️The government of Taiwan continues to move towards regulation of bitcoin in accordance with the laws on combating money laundering. submitted by ICO_world to u/ICO_world [link] [comments]

Digital Currency and Money Laundering Money Laundering 101 How Criminals Use Bitcoin To Hide Illegal Money Bitcoin is For Criminals? Cryptocurrency & Money Laundering Bitcoin is for Money Laundering

It also brings the D.C. rule in line with how federal and state authorities treat Bitcoin for the purposes of anti-money laundering purposes. Harmon, who allegedly portrayed his platform as a service for stripping Bitcoin of any link to illegal transactions, was indicted by a federal grand jury in 2019. Embezzlement and fraud may also be associated with money laundering. California Money Laundering Laws: Penal Code Section 186.10 PC. Money laundering is a serious federal crime that involves taking money that has been unlawfully obtained and working to integrate it so it may appear to come from a lawful source. Bitcoin Money Laundering – Final Thoughts. Bitcoin is still a young technology with a relatively small market cap in comparison to traditional currencies. The majority of people, including criminals, earn in fiat currencies like the dollar or euro, first and foremost. The mainstream media may be missing the entire point when it comes to the Crypto mining pool Simplecoin and bitcoin gaming platform Chopcoin are closing down because of upcoming EU anti-money laundering laws. The semi-anonymous and decentralized nature of many cryptocurrencies has meant that authorities fear that certain platforms could be used for money laundering. For example, as early as April 2012 the FBI indicated that the lack of regulation could mean that Bitcoin could be used for illegal activities by criminals, especially when offshore exchanges were available.

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Digital Currency and Money Laundering

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