Does bitcoin encourage crime?
Does Bitcoin encourage criminal activity? No more than a Does Bitcoin encourage criminal activity? No more than a £20 note does. The position bitcoin finds itself in today is similar to where Napster and other peer-to-peer music services were 13 years ago. There's much shouting right now about how the digital currency is apparently sometimes used for criminal purposes. Those quick to level those accusations might want to ask, "Have you seen what the big banks have been up to?" Banks have been found guilty of deliberately mis-selling insurance products, fixing some interest rates and....
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Understanding Cryptocurrencies Is Vital to Tackling Organized Crime, Europol Says
The growing use of cryptocurrency across borders and industries comes with increasing abuse, new forms of crime, and money laundering, the European Union Agency for Law Enforcement Cooperation (Europol) has concluded after....
Organisations looking to minimize the risks associated with bitcoin can now obtain virtual currency insurance coverage courtesy of Great American Insurance Group. The company's crime policies currently do not cover what it calls "virtual peer-to-peer mediums of exchange". As such, a new form of protective coverage has been made available through its Fidelity/Crime Division to both commercial and government policyholders. Great American explained its decision, stating: "Standard crime insurance policies, including Great American's crime policy, currently do not automatically provide....