Tweet 25-year-old Matthew Yensan, from North Carolina, was sentenced to 78 months incarceration today for producing Xanax and Alprazolam, selling them on the darknet and laundering the proceeds of crime using, inter alia, Bitcoin and Litecoin. According to the indictment, Yensan had a Glock 27 .40, a Smith & Wesson Revolver .357, a Colt King […]
Tweet 업비트 압수수색: ê°€ìƒí™”í ê±°ëž˜ì†Œì˜ ìš´ì˜ì‹œìŠ¤í…œ ê³¼ ì •ë¶€ì˜ ëª¨í˜¸í•œ íƒœë„ By Eunji Lee 지난 5ì›” 10ì¼ ì„œìš¸ë‚¨ë¶€ì§€ê²€ 금융조사2부는 업계 1위로 ì•Œë ¤ì§„ 업비트를 거래소 ìš´ì˜ìƒì˜ 불법 등 í˜ì˜ë¡œ ì••ìˆ˜ìˆ˜ìƒ‰ì„ ì‹¤ì‹œí•´ ì—…ê³„ì— ê´€ë ¨ëœ ë§Žì€ ì´ë“¤ì—게 í˜¼ëž€ì„ ì£¼ì—ˆë‹¤. ê²€ì°°ì€ ì´í‹€ë™ì•ˆ ìˆ˜ì‚¬ê´€ì„ ë³´ë‚´ ì—…ë¹„íŠ¸ì˜ ì»´í“¨í„° 하드디스í¬ì™€ 회계 장부 ë“±ì„ í™•ë³´í–ˆë‹¤. ê²€ì°°ìˆ˜ìƒ‰ì˜ ì´ìœ 는 업비트가 ì‹¤ì œë¡œ ê°–ê³ ìžˆì§€ ì•Šì€ ê°€ìƒí™”í를 가진 […]
Tweet Canada once again a “Major Money Laundering†country The 2018 “International Narcotics Control Strategy Report†(INCSR) published in March 2018 by the U.S. Department of State identifies Canada once again as a “major money laundering country†along with a host of risky countries for financial crime, and is generally doing a lot worse combatting money […]
Tweet Authorities in New York indicted a man alleged to be part of the Sinaloa Mexican cartel in connection with trafficking fentanyl in quantities that would kill 10 million people. Francisco Quiroz-Zamora, aka the “fat one” was charged under the Kingpin Act, which is significant because it carries a term of imprisonment of life on conviction. […]
Tweet Executive Order President Trump issued an Executive Order imposing economic sanction on the initial coin offering (“ICO“) by the Government of Venezuela, called the Petro coin (the “Petro ICO“). The Executive Order makes it illegal to engage in transactions, dealings or financings in connection with the Petro ICO, which would include buying, selling, trading, […]
Tweet As tax time approaches, purchasers, sellers, traders and holders of digital currencies are wondering whether taxes are payable on digital currencies in Canada. The answer is that it depends. While the Income Tax Act governs in respect of taxes payable in the digital currency space, the issue of taxes payable on digital currencies in Canada […]
Tweet Digital currency issuers often ask about the Howey Test and its applicability to their activities. Here is our summary of the law. In determining whether digital currencies are securities, securities regulators in Canada have expressly stated that they are evaluating digital currencies within the framework of three court decisions that considered the elements of […]
Tweet The US continued its take down of Bitcoin companies this week with the unsealing of an indictment against BTC-e and Alex Vinnik, and his arrest in Greece. The Indictment against Vinnik and BTC-e was obtained in January 2017, and was sealed until now so that he could be located internationally and arrangements made to […]
Tweet For the first time ever, the US Financial Crimes Enforcement Network (“FINCEN“), has asserted jurisdiction over a foreign digital currency exchange, BTC-E, for the purposes of fines, and assessed civil penalties for anti-money laundering law failures under the Bank Secrecy Act in the amount of $110,003,314. In July of this year, BTC-E and its […]
Tweet The US DoJ has taken down what it calls the world’s largest criminal marketplace on the Internet called AlphaBay yesterday, which operated for over two years on the darknet. AlphaBay was ten times larger than Silk Road, when it was taken down in 2013. AlphaBay was a Canadian darknet illegal drug marketplace with servers in […]