The Dutch National 'B-Word' Congress: ‘The Future of Money Isn't Bitcoin’
The Dutch National Bitcoin Congress was held on June 24 and attended by bankers who appear to be enthusiastic about the blockchain. However, despite the name, the event largely ignored the existence of bitcoin and its trustless, peer to peer transaction network. If any of the speakers at the Dutch National Bitcoin Congress (NBC) summed up the day's general atmosphere, it's British digital transaction consultant David Birch, who said: "The future of money isn't Bitcoin [...] and the future of Bitcoin isn't money." In a sold-out room packed with suits, the Dutch financial sector gathered to....
Related News
A total of six people has been arrested during police raids yesterday, which took place in The Netherlands and beyond. These police raids are a result of an ongoing investigation regarding money laundering with Bitcoin, a service offered by several individual residing in the Rotterdam area. Bitcoin’s PR problem has gotten slightly worse yet again by the look of things. It is not the first time Bitcoin is linked to money laundering activities. However, this police investigation focuses on several individuals offering a guaranteed anonymous exchange from fiat currency to Bitcoin. This type....
Dutch professional football club AZ has formed an exclusive partnership with a regulated cryptocurrency exchange platform, Bitcoin Meester. Part of the sponsorship amount is paid in bitcoin and AZ will leave the cryptocurrency on its balance sheet during the collaboration. The club says it is the first Dutch club to do so. Professional football club AZ Alkmaar (also known as just AZ) and Bitcoin Meester independently announced Thursday their official and “exclusive partnership.” The two companies have entered into a three-year agreement and will be linked at least until 2024.....
Dutch public prosecutors and the tax inspection agency are ramping up their fight against bitcoin money laundering this year. According to research conducted by Dutch financial newspaper Het Financieel Dagblad (FD), at least three criminal cases pertaining to money laundering with bitcoin are scheduled for 2017. Additionally, the FIOD — the investigative arm of the Dutch tax authority — wants to lower the bar for prosecution of unlicensed bitcoin traders. The FIOD will also try to have mixing services recognized as money-laundering operations. The Challenge of Anonymity. Bitcoin’s relative....
We're fast approaching the end of 2013, and with that comes a ton of looking back at what made the year so special. For the Australian National Dictionary Centre, that means choosing a word of the year. And this year, that word is bitcoin. That's right. It's a word that seemingly came from nowhere. Had you asked a sample of people in January if they knew what bitcoin was, the likelihood of any of them knowing was very low. Fast forward to today, with tons of media coverage, more people are likely to have at very least a basic idea of bitcoin (even if they think it's only used for crime).....
The Dutch government is trying to make it easier to launch a criminal investigation against persons who use bitcoin to launder money from illegal activities, according to Financieele Dagblad, a Dutch newspaper. Dutch investigators have discovered criminals are shielding activities using “bitcoin mixers.” A bitcoin mixer is a grab bag with bitcoins of several owners. The bitcoins paid out from the bitcoin mixer cannot be traced back to the original owner. Bitcoin And Money Laundering. The FIOD, the investigative arm of the Dutch tax authority, wishes to have the bitcoin mixers recognized as....