European Commission Report: Organized Illicit Use of Cryptocurrency “Quite Rare”
In a report released at the end of June, The European Commission suggested that organized criminal elements and terrorists rarely use digital currencies for their illicit schemes. The report’s authors concluded that those groups may have a desire to use Bitcoin and other cryptocurrencies to fuel their activities, but that they often lack the technical expertise needed to make use of the technology.
IRS Might Limit Demands for Coinbase User Info
As the Internal Revenue Service continues its efforts to force Coinbase to turn over its customers’ transaction records and account details, a Department of Justice lawyer indicated on Thursday that the agency may narrow its information request. According to a report in The Recorder, attorney Amy Matchison suggested that the IRS would not be seeking those customers’ account security setting details or passwords.
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