Friday , October 20 2017
Home / FT Alphaville / A $4bn bitcoin laundering operation potentially busted

A $4bn bitcoin laundering operation potentially busted

Summary:
In the last week the crypto world has been rocked by news that some ICOs are probably securities in the eyes of the SEC, that bitcoin’s forking will probably result in some exchanges shuttering themselves pre-emptively at the turn of the month (just in case things don’t go as smoothly with the fork as anticipated), that dark web marketplaces AlphaBay and Hansa were secretly being managed by the Feds for weeks, and that troubles at the BTC-e exchange, which went offline soon after the SEC news broke, may be more serious than just a planned maintenance suspension.On that last note, many theories abound. Nevertheless, it does increasingly look like BTC-e’s suspension may have more to do with its notoriety for lax KYC and AML procedures — than ongoing maintenance.For years, the identities of

Topics:
Izabella Kaminska considers the following as important:

This could be interesting, too:

Matthew C Klein writes Is “growing the pie” overrated, and does that explain why everything is terrible?

Siona Jenkins writes Opening Quote: Unilever is “Connected 3 Growth”

Paul Murphy writes Further reading

Alexandra Scaggs writes Dealers loosen their grip on money markets (a little bit)

In the last week the crypto world has been rocked by news that some ICOs are

Izabella Kaminska
Izabella Kaminska joined FT Alphaville in October 2008, which was, perhaps, the best time in the world to become a financial blogger. Before that she worked as a producer at CNBC, a natural gas reporter at Platts and an associate editor of BP’s internal magazine. She has also worked as a reporter on English language business papers in Poland and Azerbaijan and was a Reuters graduate trainee in 2004.

Leave a Reply

Your email address will not be published. Required fields are marked *