Illegal Weapons Dealer Used Bitcoin for Transactions

By August 13, 2015Bitcoin Business

No Terror with BTC! Thanks to AML and KYC Regs Benjamin James Cance, who has been charged for shipping illegal arms, possession of an unregistered weapon, and money laundering, allegedly used bitcoin to facilitate transactions. Bitcoin payments are typically untraceable, as the verification process is done by a network of computers solving complex algorithms to update the distributed public ledger called blockchain.

This isn’t the first time that the cryptocurrency has been involved in illegal […]

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