An Inquiry into Money Laundering Tools in the Bitcoin ...

Anti Money Laundering Bitcoin

AML BitCoin is a new crypto-currency, designed to comply with international 'anti money laundering' rules and regulations
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Satoshi Nakaboto: ‘Researchers find new way to launder money with Bitcoin’ (x-post from /r/cryptocurrency)

Satoshi Nakaboto: ‘Researchers find new way to launder money with Bitcoin’ (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

09-08 10:45 - 'Satoshi Nakaboto: ‘Researchers find new way to launder money with Bitcoin’' (thenextweb.com) by /u/killkeke removed from /r/Bitcoin within 40-50min

Satoshi Nakaboto: ‘Researchers find new way to launder money with Bitcoin’
Go1dfish undelete link
unreddit undelete link
Author: killkeke
submitted by removalbot to removalbot [link] [comments]

Satoshi Nakaboto: ‘Researchers find new way to launder money with Bitcoin’

Satoshi Nakaboto: ‘Researchers find new way to launder money with Bitcoin’ submitted by Ranzware to Ranzware [link] [comments]

Satoshi Nakaboto: ‘Researchers find new way to launder money with Bitcoin’ (x-post from /r/Bitcoin)

Satoshi Nakaboto: ‘Researchers find new way to launder money with Bitcoin’ (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Danish 33-year-old sentenced to four years in jail for laundering money with bitcoin

Danish 33-year-old sentenced to four years in jail for laundering money with bitcoin submitted by Btotherest to CryptoCurrency [link] [comments]

Danish 33-year-old sentenced to four years in jail for laundering money with bitcoin

Danish 33-year-old sentenced to four years in jail for laundering money with bitcoin submitted by scgco to GGCrypto [link] [comments]

Isn't it possible to launder money with bitcoin?

I know government(s) try to prevent money laundering and ban stuff. I also know many here claim that government cant really all ban bitcoin and that it doesnt matter much. But that isnt really my concern.
Is it possible to launder money with bitcoin? Theoretically.
submitted by Anon0370 to Bitcoin [link] [comments]

A British In Amsterdam Accused Of Laundering Money With Bitcoin

A British In Amsterdam Accused Of Laundering Money With Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

A British In Amsterdam Accused Of Laundering Money With Bitcoin

A British In Amsterdam Accused Of Laundering Money With Bitcoin submitted by linzerdshaffen to Bitcoin [link] [comments]

A British In Amsterdam Accused Of Laundering Money With Bitcoin

A British In Amsterdam Accused Of Laundering Money With Bitcoin submitted by linzerdshaffen to BTCNN [link] [comments]

Isn't it possible to launder money with bitcoin? /r/Bitcoin

Isn't it possible to launder money with bitcoin? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] Isn't it possible to launder money with bitcoin?

The following post by Anon0370 is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7fkzjp
The original post's content was as follows:
I know government(s) try to prevent money laundering and ban stuff. I also know many here claim that government cant really all ban bitcoin and that it doesnt matter much. But that isnt really my concern.
Is it possible to launder money with bitcoin? Theoretically.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

FinCEN Targets Bitcoin Mixer with $60 Million Penalty Pertaining to Money Laundering

FinCEN Targets Bitcoin Mixer with $60 Million Penalty Pertaining to Money Laundering submitted by JohnBrownsAngryBalls to AkronOH [link] [comments]

First Bitcoin Mixer Slapped with $60M Fine by FinCEN in Money Laundering Crackdown

First Bitcoin Mixer Slapped with $60M Fine by FinCEN in Money Laundering Crackdown submitted by news_official to btc [link] [comments]

Money Laundering With Bitcoin Dwarfed By Cash

Money Laundering With Bitcoin Dwarfed By Cash submitted by PabloClarke to crypt0snews [link] [comments]

Money Laundering With Bitcoin Dwarfed By Cash

Money Laundering With Bitcoin Dwarfed By Cash submitted by PabloClarke to Bitcoin_Maximalist [link] [comments]

Operators Of Global Cryptocurrency Ponzi Scheme And Attorney Charged With Fraud And Money Laundering (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin has a "laundering" money system built right in. Move stolen Bitcoins by putting them in very high fee'd transactions. A miner collects fees as virgin coinbase and shares it with bad guys.

You don't realize it if you don't see it, but really bitcoin fees are burned and miners mint that exact same amount as coinbase.
Fees go in having come from a long list of transaction history, and come out as virgin coinbase bitcoins with zero history.
submitted by whyison to btc [link] [comments]

What is Bitcoin and Concept of Money Laundering through Bitcoin with a Practical Example.

This video explains what is bitcoin is a simple way possible and also, how is money laundering is being done through bitcoin. I hope you will find this useful.
https://youtu.be/eAjNZ0z-GJc
submitted by forcams123 to moneylaundering [link] [comments]

Anti-Money Laundering Bitcoin Project Founder was charged with Money Laundering

Anti-Money Laundering Bitcoin Project Founder was charged with Money Laundering submitted by arijitdas to Crypto_Currency_News [link] [comments]

AML Bitcoin team charged with money laundering

AML Bitcoin team charged with money laundering submitted by thacypha to bitcoinsv [link] [comments]

What the ACTUAL CHINESE NOTICE (not summary) says: This is legalization for Bitcoin in China to be bought and sold and traded even for goods and services by everyone except banks and money launderers as long as people don't claim it is official Chinese currency. THAT IS WHAT IT SAYS.

People keep analysing the press release summary not the notice and the press release summary is inaccurate.
What the actual Chinese notice (not press release summary written by someone else) says in an ACCURATE SUMMARY IS:
This is legalization for Bitcoin in China to be bought and sold and traded even for goods and services by everyone except banks and money launderers as long as people don't claim it is official Chinese currency. THAT IS WHAT IT SAYS.
see here:
This is the actual translated Chinese notice.
begin quote
" People's Bank of China Ministry of Industry and Information Technology China Banking Regulatory Commission China Securities Regulatory Commission China Insurance Regulatory Commission
Notice on preventing Bitcoin risk
Recently, a so-called Bitcoin calculated using certain computer programs gained widespread worldwide attention, there are also organizations and persons in China taking this opportunity to promote Bitcoin and related products. In order to protect the public's property rights, to protect RMB's official currency status, to prevent money laundering risk and to protect financial stability, according to the People's Bank Act, the Anti-Money Laundering Act, the Commercial Bank Act, Telecommunications Regulations etc, the following notice is made:
1 Correct knowledge of Bitcoin
Bitcoin has four main characteristics: no central issuer, limited quantity, no geographical limits and anonymity. Although it is called currency, it is not issued by a monetary authority, it does not have the status of legal tender and obliged payment status of currency, it is not currency in the true sense. Bitcoin is a specified virtual commodity, it does not have equal legal status with currency, and it cannot and should not be circulated as currency on the market.
(OP reviews: so 1. It doesnt have LEGAL status as an official currency issued by the state becuase it is not and so it shouldn't be CALLED a currency. you can however trade and exchange things for it without restirction as long as you aren't laundering money. That's like saying you can't call a Bitcoin a USD dollar because it isn't. THe government doesn't back it. None the less it is compleletely legal to buy sell or hold or exchang ethings for it. You can exchange stuff for it. it is legal to do that and buy and sell it and hold it. just like you can trade a can of beans for an ounce of gold. you just CAN'T SAY ITS OFFICIAL CHINESE CURRENCY BECAUSE IT ISNT. THAT 'S ALL)
2 Financial institutions and payment institutions must not start Bitcoin related business
At this stage, all financial institutions and payment institutions(only emphasis added - othe rbusinesses can do as they like) must not use Bitcoin to set price for product or services, not buy or sell Bitcoins, not act as a market maker for Bitcoins, not underwrite insurance related to Bitcoin or cover Bitcoin in insurance, not directly or indirectly provide other Bitcoin related services, including registering, trading, clearing, settlement; not accept Bitcoin or use Bitcoin as payment tool; not start a Bitcoin and RMB or foreign currency exchange; not start a Bitcoin saving, trust or mortgage service; not issue Bitcoin related financial services; not use Bitcoin as the investment in trusts or funds.
(OP reviews: so in other words banks stay out of bitcoin and don't manipulate it and play any of your corner the market games with it or charge customers fees for it.)
3 Strengthening regulation of Bitcoin websites
According to the Telecommunications Act and the Regulation on Internet Information Service, websites that provide Bitcoin services like registration, trading etc should register with the telecommunications regulation authorities.
The telecommunications regulation authorities, following the determinations and punishment opinions of the relevant management authorities, should close down illegal Bitcoin sites according to law.
(OP reviews: register your websites - about as minimal a requirement as they could have given)
4 Prevent possible Bitcoin money laundering risk
Branches of the People's Bank should closely monitor the trends and activities Bitcoin and other similar virtual commodities with the characteristics of anonymity and easy cross-border access, seriously consider its money laundering risk, research and implement targeted preventative measures. The branches should include lawfully established organizations that provide Bitcoin registration or exchange services in its area into its anti-money laundering monitoring, and supervise them to strengthen their anti-money laundering monitoring.
Bitcoin websites should earnestly carry out their anti-money laundering duty, confirm the identities of their users, have them register using their real names, and register their name and ID card number. If financial institutions, payment institutions or Bitcoin websites discover suspicious transactions involving Bitcoin or other virtual commodities, they should immediately report it to the China Anti-Money Laundering Monitoring and Analysis Center, and cooperate with the People's Bank's investigation; if they find evidence of fraud, gambling, money laundering using Bitcoins, they should report it to the police.
(OP reviews: don't launder money with Bitcoin. track people and report those who look suspiciously like they ARE laundering money with btcoin. everyone else - you are ok to do as you like with Bitcoin- its official- bitcoin is fully legal.)
5 Strengthening public education on money knowledge and investment risk
Departments, financial organizations and payment organizations should in their daily tasks teach the public the correct concept of currency, to emphasize on public education about currency, and to add to public financial knowledge education the contents of correct knowledge of currency, correct views of virtual goods and virtual currency, rational investment, control of investment risk and defending one's financial safety, in order the public have correct views on currency and investing.
(OP reviews: educate people so they aren't deceived. duh)
Financial monitoring authorities can set implementation details according to this notice
Would the People's Bank branches please distribute this Notice to financial organizations and payment organizations in their area. Any new situations or questions arising from this notice please report promptly to the People's Bank." " END QUOTE
This comes from the link below and is ONLY THE BOTTOM PART. NOT THE TOP PART WHICH IS SOMEONE ELSES PRES RELEASE SUMMARY AND WRONG.
http://www.reddit.com/Bitcoin/comments/1s5hzl/my_human_translation_of_the_china_regulation/
edit:
additional confirmation of my interpretation from
http://www.scmp.com/business/banking-finance/article/1374052/surge-use-bitcoin-leads-ban-china-trading
"However, the central bank said the public was free to take part in internet transactions provided they take on the risk themselves. Internet companies serving as trading platforms should ask clients to register with information including their name and identity card number, it said.
Bitcoin exchanges may be forced to inform authorities about sizeable or suspicious transactions, Bloomberg reported, citing unnamed sources."
also
"The People's Bank of China (PBOC) said no financial institutions, payment agencies or insurers should price products and services in bitcoin, nor are they allowed to trade or provide bitcoin exchange or settlement services. "
submitted by georedd to Bitcoin [link] [comments]

How To Launder Bitcoin  Silicon Real Bitcoin - Anti Money Laundering Bitcoin used by terrorists to launder money? Bitcoin and Money Laundering  #LIVE AMA with Simon Dixon ... Cryptocurrency & Money Laundering - YouTube

In June, blockchain forensics firm CipherTrace similarly analyzed bitcoin's money laundering affair. The firm found that 12% of all bitcoin received by Finnish peer-to-peer exchange LocalBitcoins, emanated from criminal sources—giving yet more credence to the FATFs uneasiness. Source: CipherTrace Fiat Is Far More Problematic. A recent report by the Society for Worldwide Interbank Financial ... To lower bitcoin money laundering risk, many criminals turn to decentralized peer-to-peer networks which are frequently international. Here, they can often use unsuspecting third parties to send funds on their way to the next destination. Most cryptocurrency money laundering schemes end with the clean bitcoin funneled into exchanges in countries with little or no AML regulations. It's here ... I think a lot of people here are struggling to form an answer that shows money laundering. Tax evasion is probably a thing I’m not sure anyone knows how to do—successfully at least. The general way you want to move money from outside the system in... Cases of Bitcoin money laundering . Some of the largest publicly known cases of Bitcoin laundering include the Binance hack, BTC-e exchange, QuadrigaCX exchange, and BestMixer.io. Although Bitcoin has indeed been used for money laundering in the past years, publicly known cases are much rarer than one might think. Binance hack Index Terms—Bitcoin, Money Laundering, Deanonymization I. INTRODUCTION The recent crackdown on Liberty Reserve, supposedly the largest case of cross-border money laundering in history [1], has put a spotlight on other digital currencies as potential vehicles for money laundering. This includes Bitcoin, a decentralized cryptographic currency which emerged over the past three years and has ...

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How To Launder Bitcoin Silicon Real

**On today's episode of The Cryptoverse:** We’ll check in on the progress to Segwit lock in. And the MtGox case has been cracked wide open thanks to new repo... Bitcoin is for Money Laundering. Contra. This video is unavailable. Watch Queue Queue If asked right now, can you explain what money laundering is? More importantly, did you know that money laundering is the reason for pizza in USA? In this vi... Money Laundering 101 💰 How Criminals Use Bitcoin To Hide Illegal Money 🔫💎🗡 - Duration: 16:33. David Hay Recommended for you. 16:33. WEBCAST: ... Bitcoin - Anti Money Laundering - Bitcoin and Cryptocurrency Technologies Part 7- Community, Politics, and Regulation We'll look at all the ways that the world of Bitcoin and cryptocurrency ...

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