MULTIMILLION EURO CRYTO-CURRENCY LAUNDERING SERVICE SMASHED
May 1st, 2019
In the first law enforcement action of its kind, the Dutch Fiscal Information and Investigation Service (FIOD), has shut down a cryptocurrency mixer service Bestmixer.io, alleging it has broken money laundering laws. The service blended potentially identifiable or 'tainted' cryptocurrency funds with others, obscuring the trail back to the fund's original source. Launched in May 2018, Bestmixer, whose .io domain is assigned to the British Indian Ocean Territory, mingled Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC), trading over USD200 million or around ...
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