Sentences with phrase «illegal transactions»

On top of this, cryptocurrencies have proven to be widely used for illegal transactions due to the fact that they are difficult to trace, following their anonymity.

Money laundering and funding of illegal transactions via these cryptocurrencies has been another area of concern for Indian regulators.

Because payments with it are essentially impossible to trace, a lot of its use case has been for buying and selling drugs and weapons and carrying out other illegal transactions.

It would be a very high potential coin, not in terms of profit making but to prevent illegal transaction.

This would allow police to «identify suspicious transactions in close to real time» and «give law enforcement a leg up in acting fast to stop illegal transactions,» she wrote.

The problem is that many people are already using this type of currency for illegal transactions such as buying drugs, murder for hire and other criminal activities.

But he has yet to be paid — something about his being accused of making illegal transactions.

The new rules add stringent requirements for banks to curb illegal transactions by known terror organizations and other criminals.

Anyone can use it to anonymously buy illicit products or services, as most illegal transactions are conducted using cash.

Then there are those who cite the anonymity of cryptocurrency for illegal transactions.

Until a few years ago, bitcoin had been associated with drug sales and other illegal transactions.

For those unfamiliar with US laws, being involved in illegal transactions across state lines is considered very serious, and the federal government loves to throw the book at such people.

The alliance uses algorithms and machine learning from Alibaba's technological ecosystem to not just locate illegal transactions, but track them upstream so that authorities can shut down the illegal production source.

Recent revelations by the Economic and Financial Crimes Commission, EFCC, which have trappings on alleged illegal transaction between former Minister of Petroleum resources, Dieziani Alison - Madueke and Fidelity Bank Managing Director, Nnamdi Okonkwo may have snowballed into indicting the head honcho of other financial institutions.

An Ontario man, Nour Marakah, sent text messages regarding illegal transactions in firearms to his accomplice, Andrew Winchester.

And 10 million illegal transactions happen annually.

A YouGov survey of 1,000 Americans found 24 percent believed cryptocurrency is mostly used for illegal transactions while 38 percent weren't sure if most virtual currency is used for lawful transactions.

What do you think about illegal transactions using Bitcoin?

«I guess it is primarily going to be a means of doing illegal transactions.

You've probably heard that Bitcoin is used in illegal transactions, and the name «cryptocurrency» can be easily twisted.

Crystal will allow users to detect and examine criminal activity that takes place on the Bitcoin Blockchain and avoid interacting with coins that are associated with illegal transactions.

He or she must have a pleasant attitude and a sharp mind to prevent illegal transactions to avoid losses to the bank through counterfeit practices like fake checks or currencies.

Currently, Singapore, which is considered to be the Asian hub for finch and initial coin offering, does not regulate digital assets market, though the central bank watches for the activities that may pose certain risks, such as money - laundering or other illegal transactions.

Namely, that the cryptocurrencies don't reveal the name of their holders in the way a credit card statement might — making it easier for illegal transactions to fly under the radar.

Shone Anstey, the co-founder and president of Blockchain Intelligence Group, gauged that the level of illegal transactions in bitcoin had fallen to 20 percent in 2016 and was «significantly less than that» in 2017.

He took to his Twitter handle on Wednesday to warn commercial banks against engaging in any illegal transactions with the state government.

Okonkwo got enmeshed in an illegal transaction having received $ 115 million in deposits to the bank from former Petroleum Resources Minister, Diezani Allison - Madueke, and allegedly helped to disburse money from this to electoral officials two days before the last general elections.

My hypothesis is that the lenders make these loans virtually untraceable so that they can charge outrageously high fees and not have their illegal transactions traced.

You will not earn Cashback Bonus on cash advances, balance transfers, illegal transactions or on any cash you receive in connection with a purchase at the point of sale through our Cash Over feature.

Crackdown on use of illegal transactions to circumvent China's exchange controls for gambling, Reuters

If you have been accused of being involved with transporting illegal narcotics, importing drugs or engaging in an illegal transaction involving drugs, or being in possession of drugs for the intent of trafficking, then you need a strong defence team with a proven record of success.

Joining the general chorus of voices critical of digital currencies, Facebook has removed bitcoin and other cryptocurrency ads from its sites after critics said that criminals and rogue states were using digital money in illegal transactions.

The intention is more likely to regulate the circulation to avoid its use for illegal transactions,»

In a post, the two Chinese digital currency exchanges said halting the withdrawal feature was part of the decision to improve their anti-money laundering capabilities and prevent «illegal transactions.»

«Despite the negative press about bitcoin being used for illegal transactions, bitcoin is not anonymous, and criminals who use it often do not understand that their transactions are being recorded,» notes Harvey.

The emphasis appeared to be on legal versus illegal transactions, with the promise of support «if normal transactions are made.»

That announcement was made by the head of BI's local branch Causa Iman Karana, who called the island «an alluring place for those who want to carry out illegal transactions».

Elon mentions that cryptocurrency could become a means for an illegal transaction.

Furthermore, the study found more than 25 percent of bitcoin account holders have carried out an illegal transaction from their wallet.

In public posts that showcase the increasingly coordinated nature of exchange policy in the region, both OKCoin and Huobi said today that the move was a bid to bolster their anti-money laundering (AML) capabilities and prevent «illegal transactions».

Investigate the organization's accounts from the perspective of frauds and illegal transactions

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