Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering
New guidelines bring the nation's digital asset industry in line with Financial Action Task Force standards.
Money Laundering
An exchange spokesperson said the new anti-money laundering regime would make it too tough to continue operating.
According to the indictment, Sky Global sells encryption devices to criminal organizations to facilitate activities such as drug trafficking.
Tal Prihar admitted to taking bitcoin payments from darknet marketplaces in exchange for referral links.
The man was arrested in his car, where police found $1 million in cash, cocaine and electronic devices.
During a 28-month period, Hugo Mejia illegally exchanged millions of dollars in bitcoin while attempting to hide his activity.
Money Laundering
