Criminals Use Crypto to Laundry Billions, Europol Says

According to director of Europol, about £3-4B are being laundered using cryptocurrencies in Europe
13 February 2018   234

Rob Wainwright, the head of the European Union's police service called Europol, described the 3-4 billion pounds that criminals hide in crypto-currencies. It's just about money in Europe. This is reported by CBR Online.

It’s growing quite quickly and we’re quite concerned. They’re not banks and governed by a central authority so the police cannot monitor those transactions. And if they do identify them as criminal they have no way to freeze the assets unlike in the regular banking system.
 

Rob Wainwright 
Director, Europol

According to Wainright, the problem is becoming more widespread. Banks and governments can not control the conducted transactions crypto-currency, therefore it is difficult to track funds. Large amounts of tokens are broken into small ones, they are sent to different purses, and it is extremely difficult to track the origin of the funds.

Consensus 2018 summit to be held in New York City

4th annual blockchain technology summit - Consensus 2018, will take place in New York City on May 14-16
22 April 2018   41

CoinDesk has announced its 4th annual blockchain technology summit Consensus 2018 on May 14-16 at the New York Hilton Midtown. Along with the discussions on the blockchain technology, the event is going to feature a hackathon, PoW pitch competition and a scholarship award in a partnership with Zcash. Title sponsors of the event include bloq, Deloitte, Ledger, Octagon Strategy and SONM.

Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy. Among the notable speakers there will be Blockstack co-founder Dr. Muneeb Ali, J.P.Morgan blockchain program lead Amber Baldet, eToro CEO and founder Yoni Assia, Hyperledger executive director Brian Behlendorf, ConsenSys founder Steve Cerveny, Athena Capital founder Meltem Demirors and many others.

The full 3-day agenda of the event can be found here.