Enemy mine: Crypto mining pools linked to crime and terrorism
06 December 2019 - 2:00AM
Coin Rivet
Crypto mining pools offer terrorists and criminals a golden
opportunity to launder cash, according to a new report. The Royal
United Services Institute (RUSI), an independent think tank
for international defence and security issues, says cloud-mining
companies that take cash for crypto may be helping crooks hide
their illicit gains. In the report, titled ‘From Intention to
Action: Next Steps in Preventing Criminal Abuse of Cryptocurrency’,
authors Anton Moiseienko and Kayla Izenman write: “Cloud-mining
companies that accept fiat currency and distribute cryptocurrency
in effect enable their users to exchange fiat for crypto, which can
lead to the conversion of criminally obtained fiat currency.
“Furthermore, a Chainalysis webinar suggests that some mining pools
allow users to make and then receive fiat payments,
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Enemy mine: Crypto mining pools linked to crime and terrorism
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