Basel Institute: “Take Action Against Digital Currency Mixers/Tumblers”
On January 16-18 in Doha, Qatar, a large group of representatives from the Basel Institute on Governance, Europol, Interpol, and authorities from Qatar met to discuss money laundering and digital currencies. The event, filled with investigators from all around the world, focused on ideas on how to tackle regulatory concerns tied to these emerging....
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It appears the global fight against Bitcoin money laundering has turned up a notch. Last week, more than 400 financial investigators from money laundering, cybercrime and financial intelligence units, as well as experts in asset recovery and relevant private sector representatives, met at the Global Conference on Countering Money Laundering and Digital Currencies in Qatar. Held from January 16 to 18, 2017, the event was organized by the Working Group on Virtual Currencies. This is a joint initiative of Europol, the law enforcement agency of the European Union; Interpol, an....
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....
Europol, Interpol and the Basel Institute on Governance have revealed three focus areas for their planned regulations on cryptocurrency exchanges. Regulations are Definitely Coming. A sure sign that Bitcoin has become more mainstream and accepted than ever is the increase in regulations. Nations are looking for tax revenue from Bitcoin users, and government law enforcement agencies are treating Bitcoin just as they would any other publicly traded currency. Recently, Europol, Interpol and the Basel Institute on Governance have announced that they are going to be much more active with their....
Promoted: Bitcoin mixers help users obscure their transaction histories and protect their identities. The post How Bitcoin Mixers Help Protect Privacy appeared first on Bitcoin Magazine.
The Basel Committee on Banking Supervision has proposed dividing crypto assets into two groups and regulating them based on their market, liquidity, credit, and operational risks to banks. Cryptocurrencies, such as bitcoin, will be subject to “a new conservative prudential treatment.” Crypto Regulation Proposed by Basel Committee on Banking Supervision The Basel Committee has proposed regulating crypto assets based on their risks to banks. The Bank of International Settlement (BIS) published the committee’s public consultation on “preliminary proposals for the....