For several months, central banking and government officials have lambasted bitcoin for being the currency of choice for those operating the underground economy. The black market in any nation, especially a state with numerous laws, is quite lucrative: the United States underground … [Read more...]
Anti-money laundering legislation is deterring gold dealers from accepting bitcoin as payment
Due to the uncertainty regarding federal and state rules and regulations, precious metal dealers are cautious about accepting bitcoin as a method of payment. Industry insiders tell the International Business Times that questions over anti-money laundering legislation is a major … [Read more...]
2014 Canadian federal budget addresses ’emerging risks’ like bitcoin
Canadian Finance Minister Jim Flaherty unveiled the federal budget for 2014 on Tuesday. Although it isn't believed to be a revolutionary or game changing federal budget, the Conservatives revealed plans to tighten rules and regulations in order to combat money laundering and terrorism … [Read more...]
Money Laundering
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Money Laundering Creation of false trail of legitimate sources to conceal the actual sources of funds arising from illegal activities like drug trafficking. … [Read more...]
Letter of Comment