News

A pair of federal indictments against cryptocurrency executives in Manhattan that appear to define the act of "mixing" cryptocurrency as a form of money transmission could be read to outlaw routine blockchain functions, critics of the cases told ACAMS moneylaundering.com. U.S. prosecutors unsealed records in one of the two cases in the Southern District of New York on April 24, charging Keonne Rodriguez, chief executive officer of Samourai Wallet, and William Hill, the mixing platform's chief technology officer, with conspiring to operate an unlicensed money transmitting business and conspiring to launder money. Two days later, prosecutors filed a 111-page brief...