Seizure of Bitfinex funds is a reminder that crypto is no good for money launderers

[ad_1] As public understanding of how digital assets work becomes more nuanced along with the mainstreaming of crypto, the language of Bitcoin’s (BTC) “anonymity” gradually becomes a thing of the past. High-profile law enforcement operations such as the one that recently led to the U.S. government seizing some $3.6 billion worth of crypto are particularly instrumental in driving home the idea that assets whose transaction history is recorded on an open, distributed ledger are better described as “pseudonymous,” and that such a design is not particularly favorable for those wishing…

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Venezuelan Court Rolls Back Seizure of More Than 1,000 Bitcoin Miners – Bitcoin News

[ad_1] A Venezuelan court in the capital of the country has rolled back a seizure of more than 1,000 Bitcoin miners due to irregularities that occurred during the confiscation. According to court documents, the equipment that was seized was in the custody of a third-party company that was doing maintenance services. The court ordered Sunacrip, the national crypto watchdog, to retrieve these miners from their owners. Venezuelan Court Decides On Crypto Seizure Case A Venezuelan court located in the capital of the country has decided to roll back…

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