The Reserve Bank of India (RBI) has completely withdrawn the banking facilities to the cryptocurrency exchanges. As a result, most of the cryptocurrency exchanges are not able to operate in the country. Recently, the reserve bank of India told the Supreme Court that they are regulating the cryptocurrency markets to...
Brazilian federal police recently caught the members of drug smuggling operation. They were using Bitcoin in order to launder money globally. In total, 12 people were arrested. It is suspected that they had laundered more than $ 1 million to fund the drug trade in Asia, Africa as well as Europe....
Revolut recently reported that there might have been money laundering activities on its platform. As a result, the law enforcement agencies in the United Kingdom are trying to detect them. According to a spokesperson of the bank, a few transactions have been flagged off. The financial conduct authority, as well...
Japan is one country which is trying to regulate the cryptocurrency industry with the liberal mindset. That is why, the FSA of Japan, financial services agency is not only providing licenses to cryptocurrency exchanges but also actively monitoring the security of these cryptocurrency exchanges. Recently, it issued an order that...
Recently, a French national accepted his guilt in US courts. He was guilty of selling narcotics and accepting Bitcoins as payments. The name of the culprit is Guy Vallerius. He operated under the username OxyMonster. He was arrested by the authorities in September last year. He was arrested at the...
The regulatory framework globally pertaining to cryptocurrencies is not that strong. That is why Japanese authorities are finding it difficult to curb money laundering with the help of cryptocurrency networks. Mainichi Shimbun recently confirmed that in a single case, ¥ 30 billion was transferred through various cryptocurrency transactions in 2016 alone....
