Blockchain Alliance To Combat Criminal Activity
A public-private initiative named the "Blockchain Alliance" has been formed with the aim to tackle criminal activities with regards to blockchain and Bitcoin. The Blockchain Alliance is a nonprofit organization and has been made by the Chamber of Digital Commerce and Coin Center and comprises of many companies and institutions such as the MIT Media Lab's Digital Currency Initiative and developer Gavin Andresen, BitFinex, besides several others. All of them have joined hands to address the concerns about the Bitcoin and the blockchain. It has been decided that Jason Weinstein will be the....
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A group of prominent Bitcoin companies and individuals under leadership of the Chamber of Digital Commerce and Coin Center have formed the Blockchain Alliance, a Washington D. C. -based nonprofit that will serve as a resource for law enforcement to help combat criminal activity involving bitcoin and the blockchain. The Blockchain Alliance is so far engaged with the Department of Justice (including the FBI and the U. S. Marshals Service), the U. S. Secret Service, Immigration and Customs Enforcement, Homeland Security Investigations and the Commodity Futures Trading Commission. The....
It was announced earlier this week that a significant group of prominent Bitcoin companies, individuals and institutions have united in a "Blockchain Alliance." This alliance will serve as a resource for law enforcement to help combat criminal activity involving bitcoin and the blockchain, and has so far engaged with the Department of Justice (including the FBI and the U. S. Marshals Service), the U. S. Secret Service, Immigration and Customs Enforcement, Homeland Security Investigations and the Commodity Futures Trading Commission. However, the Blockchain Alliance was not welcomed by the....
A coming together of prominent Bitcoin companies and organizations along with several law enforcement agencies and communities has resulted in the formation of the Blockchain Alliance, a nonprofit that, among other things, will help as a resourceful partner for law enforcement to aid against bitcoin- and block chain-based criminal activities. A new forum called the Blockchain Alliance has been established to help bridge and inculcate communication and understanding of bitcoin and block chain technology between law enforcement; agencies and prominent players in the bitcoin industry.....
Financial regulations are usually a way for the government to combat money laundering and terrorism funding in their jurisdiction. Thanks to the transparent nature of blockchain technology, Know-Your-Transaction protocols will become a lot easier to implement. Anti-money laundering (AML) and countering the financing of terrorism regulations are two....
Criminal activity has always been linked with crypto by governments and individuals who would rather see the assets banned. Despite widespread beliefs that only criminals use crypto, it is still significantly less than the criminal activity related to fiat currencies, with sources saying only about 1% of cryptocurrencies are used by criminals. Nevertheless, this does […]