The Nordea Bank that banned Bitcoin in January is in today’s crypto news because of a money laundering scandal where allegedly the financial group was receiving foul money from the Baltics.
Nordea said in a report:
“We are aware of the report, and at Nordea, we work closely with the relevant authorities in the countries in which we operate, including the Nordic Financial Intelligence Units.”
The Nordea Bank prohibited its employees in January from buying and trading cryptocurrencies such as Bitcoin because of its unregulated nature.
A spokeswoman for Nordea Bank explained:
“It is widespread practice across the banking industry to restrict the personal account dealing of staff to prevent them taking positions in speculative investments, or which might expose them to a risk of financial loss and therefore impact their financial standing. Nordea therefore, like all banks, has the right to set out policies in this area that apply to its staff.”
Kellberg, the spokeswoman referenced the lack of regulation in the crypto space and expressed concerns for the possibility of using digital assets to do money laundering and that investors will be under the biggest impact.
Nordea spokesperson also noted that they would gladly cooperate with major central EU banks and the entire European Banking Federation to develop a regulatory framework for cryptocurrencies.
The crypto sector hurried to criticize the controversial decision of Nordea Bank where many analysts believed that this decision was made without a legal basis.
On the money laundering aspect, according to SLE reports, more than 300 Nordea accounts received payments of more than 150 million euros from shell companies that allegedly run illegitimate operations.
The Finnish authorities will cooperate with Swedish authorities and will launch a full investigation on Nordea Bank.
Famous Coincheck Theft Was Masterminded By Russian Hackers: Report
Stolen Bitfinex Bitcoin Started Moving (After Three Years)
“We are not involved, and the movement is not tied to the procedure outlined in the UNUS SED LEO white paper,” she said.The anonymous nature of Bitcoin wallets is still a mystery for many - which is why moves like this one by the stolen Bitfinex Bitcoin are only evidence of hacker activity after the theft. As such, they can only be used for forensic analysis by blockchain sleuths - but often result in money laundering activity and hide the funds' ultimate destination. For those of you who don't know or haven't been following the best cryptocurrency news sites, the Bitfinex theft was the largest loss of Bitcoins by an exchange since the Mt. Gox hack in early 2014 which wiped away $350 million. In February this year, law enforcement in the United States managed to retrieve 27.66270285 of the stolen Bitfinex Bitcoin (BTC) which had been taken in the hack. Right now, we are all far from even thinking about retrieving the stolen Bitfinex Bitcoin. However, it is good that accounts like Whale_Alert exist and show some activity on the wallets following their hack.
FBI Investigation On The QuadrigaCX Case Emerges In The US
The Federal Bureau of Investigation (FBI) has officially expanded the QuadrigaCX case where the founder suspiciously died, with more than $100 million in cryptocurrency vanishing. Because of these reasons, the FBI investigation was relocated to the United States today, and the agency took to Twitter to ask for US-based victims of the crime to come forward.
This is actually a good thing for the market, as the ongoing trend of government intervention is either part of an evolution or a new pattern showing anti-crypto activity. It is all based on how you see things from your perspective.
However, the FBI investigation definitely shows serious attitude towards resolving the QuadrigaCX case, which is particularly interesting because of the mysterious activities and elements to it. One of them is the death of its CEO a month after the exchange closing, to then blame on a lack of access to wallets held by the deceased. As if this issue was not crazy enough, the QuadrigaCX funds were later mysteriously sent to the addresses in question.
A lot of questions linger, as the FBI investigation shows, and are subject to many mysteries. In our coming altcoin news, we have been reporting updates on the QuadrigaCX case - up until now where it seems like the case will go beyond a procedural bankruptcy court in Canada. From this, we can see that the exchange will probably be put under criminal investigation for its services rendered to US citizens.
As a result of this, whoever is left of the executive staff may be off the hook. In cases like these (picked up by the media and the best cryptocurrency news sites), it is often a question whether or not the government can recoup anything. However, the FBI investigation must determine if there are assets with value and to this date, no significant assets like that have emerged.
As a final note, many analysts believe that the actual problem for QuadrigaCX are actually its business decisions and relationships, which were the backbone of the struggle when the Canadian bank froze the exchange's assets.
Chainalysis Research: 64% Of Ransomware Attackers Launder Via Crypto Exchanges
Join us on Facebook
- Italian Banking Association (ABI) To Deploy Blockchain For Reconciliations
- Line Messenger And Its Plans To Launch An Exchange For 80 Million Users
- Amazon Pay VP Shows That There Are No Current Plans For Crypto
- Altcoins Suffer And Remain Sideways, Bitcoin Goes Higher
- US Congresswoman Wants Facebook To Pause Its Crypto Plans
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Altcoin News4 days ago
Hottest Cryptocurrency Is Up 330% This Year (And It’s Not Bitcoin)
Altcoin News3 days ago
Ripple And MoneyGram Join Forces: $50M Investment On The Way
Altcoin News2 days ago
Meet Libra: Deep Technical Analysis Of Facebook’s Cryptocurrency
Press Releases2 days ago
Tech Giants Opt for Ethereum: Why ETH is Still Behind BTC
Altcoin News2 days ago
BNB Coin Analysis: Altcoin Remains In Uptrend Despite Recent Decline
About2 days ago
CCN Shutdown Due To Google’s Update: How DC Forecasts Remains Stronger
Ethereum News2 days ago
Crypto Stamp Collectibles Now Available On The ETH Blockchain
Altcoin News4 days ago
Crypto Trading In The US Becomes A Nightmare, What’s The Solution?