EU IP Office: Pirates Are Accepting Bitcoin to Hide Criminal Proceeds
In a newly released report, the European Union Intellectual Property Office (EUIPO) has analyzed certain websites or ‘business models’ that infringe on intellectual property rights, some of which that relies on bitcoin and TOR. The EUIPO, the authority that manages the EU trade mark and works alongside the IP offices of other EU member commissioned a research study on business models that actively infringe on intellectual property rights (IPR). The study [PDF], commissioned in 2015 and released recently, highlights several methods and practices through which pirates and pirate-friendly....
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New information has come to light that shows the criminal investigation may have in fact been a hoax. The eighth largest bitcoin exchange by volume, BTC-e is now "under investigation" by the Prosecutor's Office of the Volgograd region in Russia. English translations of the press release issued on behalf of the office suggest that the agency is initiating a criminal case against the exchange and its online resources. Speaking to CoinDesk, representatives from BTC-e denied any wrongdoing and reiterated that they are not worried about any potential actions by Russian authorities. However,....