Latam Insights: Bitcoin Hurts El Salvador Credit Opportunities, Paraguay Supports Selling Power to Crypto Miners

April 15, 2024 Bitcoin.com

bitcoin.com

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Bitcoin hinders El Salvador’s credit talks with the IMF, the Paraguayan Senate issues a statement supporting bitcoin miners, and Venezuela unveils a crypto-linked corruption scheme. Bitcoin Reportedly Hurts El Salvador Credit Opportunities With […]

Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Chinese Fraud Victims Seek Government Aid in Recovering 61,000 BTC Seized by UK Law Enforcement

April 14, 2024 Bitcoin.com

bitcoin seized

A group of Chinese victims of a $6 billion fraud scheme have requested assistance from their country’s foreign ministry in recovering 61,000 bitcoins, seized from a fraudster and her associate. The fraud victims have strongly opposed attempts to transfer the ownership of these bitcoins to the U.K. government. Petition Garners More Than 2,500 Signatures A […]

Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved

April 12, 2024 Bitcoin.com

bitcoin.com

The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and crypto. The former president of the state-owned oil company PDVSA, Tareck El Aissami, the former Economy Minister Simon Alejandro Zerpa, and entrepreneur Samark Lopez were […]

Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Detained Binance Executive Pleads Not Guilty; Nigerian Judge Sends Him to Prison

April 8, 2024 Bitcoin.com

Africa

The Binance executive detained by Nigerian authorities for nearly six weeks has pleaded not guilty to charges of money laundering. Binance expressed deep disappointment that Tigran Gambaryan, who holds no decision-making power within the company, remains in detention. Judge Dismisses Tigran Gambaryan’s Arguments Tigran Gambaryan, a detained executive from Binance, pleaded not guilty to money […]

Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

London Resident Holding $2,500,000,000 in Bitcoin Convicted on Money Laundering Charges: Report

March 25, 2024 The Daily Hodl

Bitcoin

A woman who converted Bitcoin (BTC) into luxury houses and jewelry has reportedly been found guilty of engaging in a money laundering arrangement. BBC reports that Jian Wen, a Chinese national and a resident of Hendon, North London, was convicted at the Southwark Crown Court on Monday. In 2017, the 42-year-old woman posed as an […]

The post London Resident Holding $2,500,000,000 in Bitcoin Convicted on Money Laundering Charges: Report appeared first on The Daily Hodl.

Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

EU Anti-Money Laundering Laws Ban Provision of Services for Anonymous Cryptocurrency Accounts

March 24, 2024 Bitcoin.com

anonymous crypto asset accounts

A new set of anti-money laundering laws passed by the EU has banned crypto asset service providers from servicing and providing custody to anonymous cryptocurrency accounts. The approved proposal for the “prevention of the use of the financial system for the purposes of money laundering or terrorist financing” alleges these assets present “risks of misuse […]

Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

UK Court Convicts Woman Found With More Than $4.3 Billion in BTC

March 23, 2024 Bitcoin.com

UK Court Convicts Woman Found With More Than .3 Billion in BTC

Bitcoin mining

A London resident reportedly caught with bitcoins worth over $4.3 billion has been convicted for entering into a money laundering arrangement. The woman specialized in converting digital assets into physical assets, such as multimillion-dollar houses and jewelry. Converting Bitcoin to Physical Assets A British woman, found in possession of bitcoins currently valued at over $4.3 […]

Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Dutch Prosecutors Reportedly Charge Tornado Cash Developer With Money Laundering

March 21, 2024 Bitcoin.com

bitcoin.com

Alexey Pertsev, a developer for Tornado Cash, has reportedly been indicted by prosecutors in the Netherlands. They accuse him of laundering $1.2 billion. Pertsev’s attorney confirmed the prosecutors’ intent to charge his client. According to Dutch prosecutors, while a crypto-mixing service is not “inherently illegal,” using it to launder criminal assets is punishable. Dutch Prosecutors […]

Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Argentine Senate Passes Reform Creating Cryptocurrency Entities Registry

March 18, 2024 Bitcoin.com

bitcoin.com

The Argentine Senate passed a law that creates a registry for any institution that offers cryptocurrency services in the country. The CNV, the Argentine securities enforcer, will manage this registry, which also establishes obligations for crypto companies to deliver personal information on their customers and other data to government entities. Argentine Senate Passes Crypto Anti-Money […]

Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Woman Who Allegedly Tried To Launder $6,500,000,000 in Bitcoin (BTC) on Trial in London: Report

January 30, 2024 The Daily Hodl

Bitcoin

A Chinese national is reportedly being put on trial in the UK over an alleged $6.5 billion fraud involving Bitcoin (BTC). According to a new Reuters report, the accused converted BTC into cash and property in an attempt to launder money from a scheme that took place in China. A woman, identified in the report as […]

The post Woman Who Allegedly Tried To Launder $6,500,000,000 in Bitcoin (BTC) on Trial in London: Report appeared first on The Daily Hodl.

Money Laundering

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