Some have argued that, by their very nature, cryptocurrencies go hand-in-hand with criminal enterprise. Ari Redbord, the head of legal and government affairs at T.R.M. The void in understanding of cryptocurrency and blockchain technology more generally has allowed for the possibility of cryptocurrency-related schemes that do not involve ransomware, terrorism or international money laundering. These are, instead, pedestrian crimes with a 21st-century twist. Instead, he used at least $9 million of his investors’ funds to buy numerous pieces of real estate and hundreds of thousands of dollars of Tiffany jewelry, prosecutors said.

Source: International New York Times September 08, 2021 18:56 UTC