India lifts Crypto regulation, U.S. charges two Chinese for crypto laundering and anonymize Bitcoin payments from smartphone
Indian Top Court Lifts Regulator’s Banking Curb on Crypto
It took some time, but finally there’s a judgment in the battle between the Indian regulator and the crypto exchanges. The Supreme court has ruled in favor of the digital asset businesses.
The Reserve Bank of India (RBI) published a report in April 2018 which contained the urgent advice to banks not to allow transactions with crypto currencies.
Since it was not a prohibition but an advice, the industry left a dissent. In a ruling today, the Court stated that the circular of the central bank is not in line with the Constitution in India. The cryptosector in the country welcomes the ruling, after it had already organized several petitions against the circular.
Source: Financemagnates
U.S. charges two Chinese nationals with helping North Korea steal millions in cryptocurrency
The U.S. Justice Department charged two Chinese nationals. They are accused of laundering more than $100 million in cryptocurrency on behalf of North Korea.
The millions of dollars was the loot of a a hack that took place in 2018. The two Chinese, Tian Yinyin and Li Jiadong, were helping the Korean to hide the stolen currency from police.
“These defendants allegedly laundered over a hundred million dollars worth of stolen cryptocurrency to obscure transactions for the benefit of actors based in North Korea,” — Assistant Attorney General Brian Benczkowski
Besides that, the court filings that hackers tried to circumvent US sanctions.
Source: Reuters
Bitcoin privacy wallet Samourai lets you anonymize BTC via smartphone
The bitcoin (BTC) wallet Samourai now supports mixing services with their mobile wallet. All Bitcoin transactions are public and therefore you lose privacy if you do not take any measures.
Using the Whirlpool tool in the Samourai Wallet helps you to anonymize your BTC. By cutting a payment in pieces and joining these small pieces of BTC in single transaction, it makes it much harder to track and analyse the blockchain.
This technique is called CoinJoining. Samourai uses Whirlpool, which is a little bit different in that you do not pay a volume based fee per anonymity set, but instead you pay a one time flat fee for an unlimited anonymity set.
Give us a call on +31 85 2250 510 or email us at support@crypto2cash.com. Our members of staff are available between 9.00–18.00 CET to answer any questions you may have, especially in regards to easily selling your crypto for fiat currencies.
