A Hong Kong man was sentenced to seven years in Canada for participating in a violent, sexually abusive home invasion that stole $1.6 million in Bitcoin from a British Columbia family.
A Chinese national charged with laundering bitcoin connected to a multi-billion-pound fraud admitted guilt on the opening day of her trial at Southwark Crown Court in London.
The DOJ has charged the exchange with facilitating more than $700 million in illicit transactions tied to Russia, money laundering and criminal activity.
Bitcoin can be quite useful for criminals, much like physical cash. However, the permissionless nature of Bitcoin also enables other valuable use cases for this new technology.
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