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Several Chinese Miners Bank Accounts Frozen Allegedly For Fraud And Money Laundering

Despite the Chinese government’s effort to promote the development of blockchain technology, the government has frozen crypto miner’s credit cards according to a report. While cryptocurrency ownership over the years has become challenged in China, the country still somehow became the world’s largest mining farms. In many cases, this is due to the fact that… Read More

Bitmex Faces A Second Lawsuit Alleging Money Laundering, Racketeering and Market Manipulation

Bitmex and its executives face another lawsuit that alleges racketeering, money laundering, and market manipulation took place at the exchange. The Block reports, that Păun Gabriel-Razvan, a resident of Bucuresti, Romania, has joined others accusing BitMEX’s internal trading desk of directly participating in manipulation schemes. Gabriel-Razvan filed the lawsuit in the Northern District Court of… Read More

Fifth Anti-Money Laundering Directive (5AMLD) hits Crypto Businesses

The European Union’s 5th Anti-Money Laundering Directive (5AMLD) will be in effect from January 10, 2020. The regulation was crafted to bring increased transparency to financial transactions, and is aimed at curbing money laundering and terrorist financing across Europe. 5AMLD pushes back against money laundering and terrorism financing by making crypto transactions less secret, and… Read More

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