Biggest Bank in Nordic Region Bans Bitcoin, Gets Caught for Money Laundering

Biggest Bank in Nordic Region Bans Bitcoin, Gets Caught for Money Laundering

Nordea Bank, the largest financial group in the Nordic countries, which banned Bitcoin in January, has been caught in a major money laundering scandal for allegedly receiving dirty money from two banks in the Baltics.

Yle, a state-owned publication in Finland with over 3,500 employees, reported that finance authorities in Sweden received a report with evidence to support money laundering allegations against Nordea Bank.

“We are aware of the report, and at Nordea we work closely with the relevant authorities in the countries in which we…

READ MORE…

submitted by /u/fraer8558
[link] [comments]

Bitcoin – The Currency of the Internet

Coinbase abandons Bitcoin principles, bans accounts it doesn’t like

Bitcoin is an open ecosystem, and open protocol, meant to free people and their money.

Coinbase, the largest Bitcoin exchange, just gave Bitcoin's openness a giant middle finger by banning Gab, the free speech social network, from their platform.

Bitcoin is supposed to be anti-censorship. But it can't be that if the on-ramps into Bitcoin are controlled by biased gatekeepers who ban people they don't like.

And worse yet, they're setting a precedent that other bitcoin businesses may follow. How long until you get banned?

If you agree this is a dangerous precedent to set, contact @coinbase on Twitter and let them know won't be using them unless they reinstate Gab's account.

Source:

https://gab.ai/a/posts/27539385

submitted by /u/Ginger322
[link] [comments]
Bitcoin – The Currency of the Internet

Central Bank of Iran Bans Banks from Crypto (news.bitcoin.com)

Iran’s central bank has issued a statement banning the country’s banks and financial institutions from dealing with cryptocurrencies such as bitcoin, citing money laundering and terrorism financing risks. However, the local crypto community in Iran believes that the ban will not affect them and some exchanges continue to operate normally.
Also read: 

Bitcoin

Government of Iran Bans Foreign Fiat Currency Exchanges (news.bitcoin.com)

It appears that the Iranian people are losing trust in the rial as it continues to depreciate in value. In response, the government of Iran is trying to prevent them from getting their hands on foreign currency, providing another example of the need for bitcoin. We should expect to see a growth in local bitcoin use as this situation develops, just as has happened in Venezuela and elsewhere.
Also Read:

Bitcoin