Banks are Better than Bitcoin (When It Comes to Money Laundering)9.2

On September 28, 2018, the Wall Street Journal published a report which claimed that criminals laundered nearly $90 million of proceeds via cryptocurrency exchanges over two years. The piece mainly targeted ShapeShift, a US-based crypto-to-crypto exchange, for facilitating trades without identifying the traders.

In his response, ShapeShift CEO Erik Voorhees provided convincing examples of how the Journal misconceived everyday transactions as dubious. He also accused the US publication of “omitting relevant information” and of cooperating with ShapeShift team “under pretenses.”

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