Sentences with phrase «illegal money exchange»

Not exact matches

The Dec. 20 sentencing of Charlie Shrem, one of the digital currency's most vocal cheerleaders as vice-chairman of the Bitcoin Foundation and chief executive of an exchange called BitInstant, to two years in prison for illegal money transfers doesn't help.

These raids prove that South Korea will continue to be strict on cryptocurrency platforms and exchanges which do not comply with laws, or are doing something illegal such as money laundering or insider trading.

To circumvent the law (gambling is illegal in China) people were using play money poker sites to set up real money games using play money in exchange for fiat currency transactions away from the tables.

Websites that arrange relationships between sugar daddies and sugar babies, scenarios where wealthy gentlemen provide money and other resources to young women in exchange for intimate relations, are turning a considerable profit in their attempt to rebrand illegal prostitution into something slightly more palatable.

As an exchange we provide a platform, we monitor the market, we work with the regulators to ensure the fairness of the market, we validate all the technology platforms, we make sure the trading that people are doing is fair and we make sure there are no illegal activities (like money laundering) taking place.

It's illegal to advertise a price and adjust it after money is exchanged...

Would it be illegal to distribute sexual photographs of myself as a child for free or in exchange for money given that I am an adult now?

Finally, the court rejected the appellant's submission that the motion judge erred in finding that the respondent was a bona fide purchaser because he had obtained access to all of the stolen funds through his knowing participation in an illegal underground currency exchange that engaged in money laundering.

Also to promote trading of Bitcoin on registered exchanges only and keeping a tab on illegal activities related to it such as Money laundering, Drug trafficking and Terror Funding.

The idea is to treat such currency in a manner similar to gold sold digitally, so that it can be traded on registered exchanges in a bid to «promote» a formal tax base, while keeping a tab on their use for illegal activities such as money laundering, terror funding and drug trafficking.

During the one - month period, OKCoin and Huobi would go through an «upgrade» to fight «money laundering, exchange, pyramid schemes and other illegal activities.»

The so - called «Big 3» exchanges — Huobi, OKCoin and BTC China — halted bitcoin and litecoin withdrawals while they undergo an upgrade to fight «money laundering, exchange, pyramid schemes and other illegal activities.»

If confidence in the Bitcoin market is suddenly and drastically reduced — for example, if a major government declared Bitcoin use illegal, or one of the largest Bitcoin exchanges was hacked and lost all of its stored value — the value of the currency will crash and investors will lose huge amounts of money.

The government said it will have the exchanges transfer funds through investors» «real name accounts» that can verify the account holder's identity to prevent money laundering and other illegal activities.

Traders who kept money on the exchange who were not involved with illegal activities are not pleased with the U.S. government's intervention.

If the ransom is paid, the leader of the hacker group launders the money through cryptocurrency exchange platforms and pays his employees through a clean bitcoin wallet not associated with illegal activity.

If the trading account is frozen, the exchange can no longer continue its operations, otherwise it is easy to involve illegal fund - raising, money - laundering and other criminal activities.

Months later the CEO of BitInstant Charlie Shrem was arrested on charges of money laundering in relation to the controversial dark web service Silk Road, which sold drugs, guns and other illegal items in exchange for bitcoin.

The general masses had only heard that large sums of money had been stolen from bitcoin exchanges or that everyone buys illegal drugs with bitcoin.