Australian Government Is Cracking Down On The Nonexistent Bitcoin Money-Laundering Epidemic
Australia’s largest banks can’t seem to go six months without a new scandal. In April, regulators accused Commonwealth Bank, one of the country’s largest financial institutions, of “systemic” money laundering violations, sparking an investigation into the broader banking sector, and the promise of heavy-handing civil penalties.
A number of Bitcoin exchanges in India have suspended their services days after the Reserve Bank of India (RBI) warned that use of the cryptocurrency could violate money laundering and financial... Keep reading ?
Australia is set to regulate virtual currency exchanges such as Bitcoin and strengthen the powers of its financial intelligence agency AUSTRAC as it cracks down on money laundering and terrorism financing.
Bitcoin continues to hover near last week's post-ICO-ban lows having given up the rebound gains on headlines proclaiming China plans to shut local Bitcoin exchanges - a problem since the country accounts for 23% of global trading. H...
Big US banks are in for another round of bad publicity, this time over the good old-fashioned problem of money laundering. The New York Times reports that regulators are about to crack down on JPMorgan Chase and possibly Bank of Ame...