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Russia’s Supreme Court: Criminals’ Bitcoin-to-Fiat Trades Constitute Money Laundering

Russia’s Supreme Court has ruled that criminals’ Bitcoin (BTC)-to-fiat trades can be considered money laundering. Per a report from the Russian legal affairs-focused media outlet RAPSI, the Supreme Court made the judgeme...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Russia’s Supreme Court: Criminals’ Bitcoin-to-Fiat Trades Constitute Money Laundering
Russia’s Supreme Court has ruled that criminals’ Bitcoin (BTC)-to-fiat trades can be considered money laundering.
Per a report from the Russian legal affairs-focused media outlet RAPSI, the Supreme Court made the judgement in a case involving a citizen who sold narcotics to crypto-paying drug users.
The court heard that the man produced and sold the banned stimulant mephedrone and “received money from buyers in [Bitcoin],” which he then converted into fiat rubles....
Read More: Russia’s Supreme Court: Criminals’ Bitcoin-to-Fiat Trades Constitute Money Laundering

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