A Russian man suspected of laundering at least $4 billion of criminal funds by switching them into the digital currency bitcoin has been arrested in Greece, police said on Wednesday.
A Florida man was sentenced to 5 1/2 years in prison for running a bitcoin exchange that is suspected of laundering money for a group of hackers who targeted publishing and financial firms as part of a complex securities fraud.
Florida lawmakers want virtual currencies like bitcoin covered under the state’s money-laundering statute, a change that supporters claim would ensure criminals cannot use Internet-based currencies to conceal financial activities, according to The Miami Herald. Law enforcement officials support the measure but some bitcoin enthusiasts say it will undermine bitcoin.
London – An Australian man long rumored to be associated with the digital currency Bitcoin has publicly identified himself as its creator, a claim that would end one of the biggest mysteries in the tech world.