Authorities: Crypto Capital seemingly in money laundering involved

Cyber crime and crypto-coins: For critics, an obvious partnership. Investigation against Crypto Capital fueling the debates.

Has Crypto Capital laundered money from drug bosses?

Due to the policy of many of the exchanges end the speculation about criminal Connections of the crypto industry to keep. Who has no points of contact with the market, it will take around Bitcoin and Altcoins more of the negative headlines of note. And so there are News as a provider of Bitfinex, preventing some interested parties from crypto-trade. For months, the investigations to the stock exchange, QuadrigaCX for bad news from the sector. The company Crypto Capital, it had become a little calm, after also there is a lot of Negative was well-known. The current allegation is that The exchange is said to have laundered drug dealer money. Only recently, the stock exchange chief Ivan Manuel Molina Lee had been detained in Poland, according to international investigations.

A number of stock exchanges are currently the focus of investigations

There, the determination of the base was already suspected money laundering in big style. In order for Crypto Capital faces the same charge as the competitors Bitfinex (and some of the other exchanges around the world) face. In the case of Lee it was a warrant for the whole of Europe. Polish media reported a potential total of almost 400 million USD, which had been washed. Where the money came from, is now part of the ongoing investigation. That it was illegal capital, the authorities apparently. It is conceivable, seemingly, that it is the money of drug cartels from Colombia. In the example, Bitfinex went and it goes even more money from largely unknown sources. There, the Bitfinex-sister) is in conjunction with a Tether, Ltd. (all of these money laundering in the amount of 700 million US dollars for the speech.

Illegal activity less as a threat to the entire industry

Worth noting this is because the authorities discovered in the course of their investigations on direct contacts to the Crypto Capital, with headquarters in Panama. And it gets even “better”: the media and the authorities speak of possible economic links of Crypto Capital with other Bitcoin exchanges, such as Binance or Kraken. All these assumptions are of water from the mill of critics calling for stricter regulations for the crypto market, or even General prohibitions. For example, there are countries such as Thailand or India, but also Britain, the think about bans on crypto-trade. In China, however, it was the last priority is to the say of crypto Mining.

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