Coinbase, Gemini and others join forces to combat human trafficking
Leading exchanges are tracing suspicious crypto transactions to combat human trafficking Cryptocurrency exchanges Coinbase, Paxful, Gemini and BitFinex have all joined the Anti-Human Trafficking Cryptocurrency Consortium, or ATCC. Launched in April 2020 by the Anti-Human Trafficking Intelligence Initiative, the consortium is a nonprofit focused on intelligence sharing, best practices and the development of tools to fight trafficking. The ATCC brings together crypto exchanges, blockchain intelligence firms and law enforcement to combat human trafficking and child sexual abuse material, also....
Related News
The US Department of the Treasury sanctioned a Cambodian mogul and his businesses for their role in crypto-related human trafficking operations. The magnate’s companies have been investigated for their serious human rights abuse related to trafficking crimes and online scams for the past two years. Related Reading: Ethereum Founder Vitalik Buterin Clarifies Latest 190 ETH […]
The International Center for Missing and Exploited Children has joined forces with Thomson Reuters to examine what impact digital currencies are having on criminal activities such as child trafficking. This task force is working with the Bitcoin Foundation to see whether decentralized currencies play a role. Together, the organizations will tackle digital money laundering as a means to support human trafficking, child pornography and other crimes. ICMEC has in the past drawn connections between commercial child pornography and the fact that most people buying it were using credit cards. It....
Australian Point-of-Sale provider BitPOS and the International Anti Poaching Foundation (IAPF) have teamed up to offer bitcoin donations in the struggle to combat poaching in Africa's wilderness. Bitcoin is particularly beneficial for charitable organizations, particularly those doing work in remote locations where the infrastructure for the receipt of funds is lacking. Bitcoin donations have several advantages over traditional methods: the speed of transfer, a truly international reach, and the frictionless nature of donations means the IAPF is able to capture donations easily from all....
The Human Rights Foundation has secured donations from the Gemini cryptocurrency exchange to fund even more Bitcoin developers in 2021.
Bitcoin trading volume at the newest Bitcoin exchange, the Winklevoss twin's Gemini, has surged 40,000% in the three weeks since its opening. Despite these numbers, the overall volume at the exchange remains trumped by that of other exchanges. Targeting the stock market investor, Gemini commands considerable per transaction volumes. A high percentage of transactions on the website are comprised of 50 bitcoins or more. Data: Bitcoinity. The makeup of the Gemini customer is unknown. While some believe certain investors were waiting for a fully-regulated and insured exchange to operate in....