UK Intelligence Agencies Are Investigating Cryptocurrency Transactions (newscientist.com) 19
MattSparkes writes: Bitstamp, Europe's largest cryptocurrency exchange, says it has handed over information on some of its customers to the UK's intelligence agencies, MI5 and MI6. The news suggests that bitcoin and other cryptocurrencies are being used in serious organised crime and terrorism, as well as domestic crime.
The Security Service, also known as MI5, is responsible for preventing terrorism and espionage within the UK, while the Secret Intelligence Service, commonly known as MI6, is tasked with foreign intelligence. Neither organisation tackles ordinary crime, unless there is a threat to national security, and until now no cryptocurrency investigations have been confirmed.
The Security Service, also known as MI5, is responsible for preventing terrorism and espionage within the UK, while the Secret Intelligence Service, commonly known as MI6, is tasked with foreign intelligence. Neither organisation tackles ordinary crime, unless there is a threat to national security, and until now no cryptocurrency investigations have been confirmed.
"Suggests" (Score:3)
The news suggests that bitcoin and other cryptocurrencies are being used in serious organised crime and terrorism, as well as domestic crime
Uh, ya this has been a pretty well known fact for quite some time.
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Haha. Great minds think alike. Looks like we posted the same thing at the same time!
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question is why would you want to use an immutable public ledger to shovel billions around ? crApple doesnt, the CIA doesnt
Tony blairs pandora files dont -
escobar didnt - al capone didnt and actually
https://en.wikipedia.org/wiki/... [wikipedia.org]
https://www.youtube.com/watch?... [youtube.com]
https://youtu.be/qNg55JDMDHM [youtu.be]
https://youtu.be/W2572QXztUk [youtu.be]
why would yo
"Suggests"? (Score:3)
They use 'suggests'; I don't think they know what that word means. That's a 100% certainty ever since crypto currencies were developed.
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"This News Suggests" (Score:1)
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> Anybody with half a brain knows cryptocurrencies are being used for more bad than good, but then again this is \ cryptodot now.
You'd think so but it's been hashed out here since 2008 that electronic cash will be used for everything cash is used for. Yet the stories feign surprise to get reaction comments (ad views). I expect that from /. but the commenters are something else. It's like the Boomers are taking over or something.
And nobody with a clue is surprised (Score:3)
They do not even need to threaten legal action. All they have to threaten is regulation. Any exchange that wants to stay in business will carefully keep full records and hand them over when asked nicely.
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Saying the quiet part out loud:
"The Security Service, also known as MI5, is responsible for policing speech within the UK, while the Secret In
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That's already a thing, bucko.
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Yes... (Score:2)
Tracing Russian activity? (Score:3)
Is it a coincidence that they were asked to turn in information about their transactions at this very moment in time, when Russia is invading Ukraine? I think MI5 and MI6 may be trying to sniff out and cut off Russian money streams.
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When your goal is to kill the head of a government and install your own puppet, yes. That is almost the literal definition of terrorism [britannica.com].
Serious Organised Crime (Score:3)
You know. As opposed to the lighthearted variety.
A Video on the Topic (Score:2)
https://www.youtube.com/watch?... [youtube.com]
This guy, "LegalEagle"... I love his channel. Always a good watch. This one concerns the Morgan/Lichtenstein laundering scheme.