• Finland hotspot illegal Bitcoin
    Finland may have a low murder rate, but scammers are making a killing (Photo: Dave Grubb/Flickr))
    Bitcoin,  Europe,  United States

    CipherTrace: Finland a hotspot for illegal Bitcoin

    The tranquil Scandinavian nation is home to the Northern Lights, but down on the ground it’s also a haven for darknet scammers attempting to cash out; CipherTrace report finds $1.4 billion lost this year, criminals getting savvy to anti-money laundering

    June 4, 2020 /

    CipherTrace says 12.1% of Bitcoin funds sent to Finnish exchanges come directly from criminal sources. As a percentage, that’s the highest worldwide, making Finland a hotspot for illegal Bitcoin. LocalBitcoins, a peer-to-peer crypto marketplace, is partly to blame. It is based in the Finnish capital of Helsinki, and received 99% of these ill-gotten funds, according to a report.

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  • Treasury Secretary Steven Mnuchin
    Treasury Secretary Mnuchin (Photo: YouTube @PBS News)
    Regulation

    Mnuchin: stricter crypto AML rules coming ‘very quickly’

    At a Senate Finance Committee hearing, the Treasury Secretary said FinCEN was prepping to release ‘significant’ new requirements for virtual currencies

    February 13, 2020 /

    The U.S. is joining regulators around the globe in moving to enforce tougher cryptocurrency anti-money laundering policies, Treasury Secretary Steven Mnuchin said yesterday. 

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