Archive | aml

Localbitcoins Trader Sentenced to One Year in Prison

A Southern Californian Localbitcoins trader has been sentenced to prison for a year for unlicensed money transmitting and money laundering. The trader, Bitcoin Maven, reportedly exchanged between $6 and $9.5 million for customers across the country, according to the notice by the U.S. Department of Justice. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space […]

France Want Alleged Russian $4B Bitcoin Fraudster Vinnik on New Charges

Alleged Russian Bitcoin defrauder Alexander Vinnik, arrested last year in Greece and awaiting extradition to Russia, is now wanted by the French authorities, according to Expatica. The French police wish to speak to the ex-head of cryptocurrency exchange BTC-e, now joining both the US and Russia, over claims that he had defrauded 100 people in […]

ConSensys’ Ajit Tripathi: ‘Rebellious Teenager’ Crypto Is Maturing

Ajit Tripathi of ConsenSys, formerly of Wall Street, compares crypto to a misbehaving — but learning — teenager and regulators to his parents in an interview with CT

Blockchain Real Estate Platform: ‘Security Token Would Kill Our Business’

Industry experts and lawyers discussed whether companies should issue security tokens in a panel debate at real estate-focused event BitcoinCRE on June 14. Part of London Tech Week, the event looked at regulations across the world and happened hours before Ether was declared ‘not a security‘ by the SEC. ‘A Security Token Would Kill Our Business’… […]

Tezos Foundation Announces Investor KYC and AML Procedure One Year After Raising Money

Even though it appears the Tezos team has successfully addressed most of the problems holding the project back, more controversy looms on the horizon. More specifically, the team has made it clear they will perform thorough KYC and AML checks for all investors. It’s a remarkable decision, considering that those users contributed nearly a year […]

Another US Bitcoin Trader Faces Prison for Illegal Money Transmission

This week in Southern California a Los Angeles woman who called herself the ‘Bitcoin Maven’ will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins.   Also read: Bitcoin Cash Innovation Continues with the […]