The non-techie guide to the Blockchain, distributed ledger tech and Bitcoin

This guide to Bitcoin, Blockchain, distributed ledger tech, and digital currencies is taken from a collection of presentations, comments, speeches we’ve made at global conferences and articles written by us from 2012 to 2015. By Christine Duhaime The dangers of being in the Bitcoin space early on I’ve been in the Bitcoin space since 2012 and [...]

US continues its take down of Bitcoin entities with indictment of foreign Bitcoin exchange that “banked” many global cyberattackers and processed $9B in payments

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 effect [...]

Biggest illegal online dark net Bitcoin marketplace shut down; run by a Canadian who committed suicide rather than face US justice

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 dark net. AlphaBay was over ten times larger than Silk Road when Silk Road was taken down in 2013. Like Silk Road, AlphaBay was used for trading of [...]

Lead DEA & Secret Service Agents in Silk Road investigation arrested for stealing $1 million in Bitcoin

Two lead US government agents in Silk Road investigation arrested for allegedly stealing over $1 million of Bitcoin from Silk Road during the investigation Two former government agents involved in the Silk Road murder and extortion investigations in Baltimore, Carl Force and Shaun Bridges, were arrested and charged with corruption, money laundering, wire fraud and [...]

Quebec moves to regulate digital currency businesses

Are Bitcoin Exchanges MSBs? The Québec Government’s Authorité des Marchés Financiers (the “AMF“) today issued a News Release announcing that businesses that operate digital currency ATMs and “platforms for trading virtual currencies” must be licensed by the AMF as money services businesses (“MSB“) pursuant to the provincial Money Services Business Act (the “Act“). It also issued a [...]

US-Canada drug enforcement plans to disrupt drug imports from British Columbia, scrutinize Bitcoin, MSBs and intercept more texts

US cross-border drug strategy to cover new ground in British Columbia Christine Duhaime, B.A., J.D., Financial Crime and Certified Anti-Money Laundering Specialist Follow @cduhaime Let’s Talk Bitcoin has an interesting article here on the US drug initiative to reduce the cross-border drug trade between Canada and the US with a focus on targeting the use [...]

Thoughts on FinCEN Director’s speech on bank de-risking and the refusal of banking services to MSBs (and by implication, Bitcoin)

De-risking that results in unbankable businesses  By Christine Duhaime, B.A., J.D., Financial Crime and Certified Anti-Money Laundering Specialist Follow @cduhaime In a speech delivered to the anti-money laundering legal and law enforcement community, the Director of FinCEN, Jennifer Shasky Calvery, made some interesting and compelling comments that touch on the economic costs of anti-money laundering (“AML“) law, [...]

Canada implements world’s first national Bitcoin law

New Bitcoin Law By Christine Duhaime, B.A., J.D., Financial Crime and Certified Anti-Money Laundering Specialist Follow @cduhaime At the end of this week, the Parliament of Canada approved what is likely the world’s first national Bitcoin law, and certainly the world’s first treatment in law of Bitcoin under national anti-money laundering law. Late Thursday, Canada’s Governor [...]

2nd Annual ACAMS Conference in Toronto on Anti-Money Laundering

The ACAMS 2nd Annual AML & Financial Crime Conference Canada in Toronto on June 9-10, 2014 has an interesting and exciting list of speakers and topics. Highlights of this year’s program include: Corruption Presentation – Interpol’s Michel Girodo. Critical Guidance on Anti-Money Laundering Laws – Jamal El-Hindi, Associate Director, Policy Division, FinCEN.  Anti-Bribery Update – [...]

Bitcoin in Amsterdam

We are participating in three exciting sessions on digital currencies (and Bitcoin) in Amsterdam this month for those interested in joining: At the Bitcoin Foundation Conference on May 16, 2014 on a panel discussing anti-money laundering chaired by Adam Shapiro, Director of Promontory Financial Group with: Dirk Haubrich, Head of Consumer Protection and Financial Innovation [...]