DOJ

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DOJ Hits Crypto-Friendly Money Company Payza with Laundering Accusations

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The money transfer provider Payza has been sued by the US Department of Justice for allegedly committing acts of money laundering totaling around $250 million. The lawsuit hit the cryptocurrency-friendly payment portal Payza with allegations of conducting illicit activities such as pyramid schemes, Ponzi schemes, and even child pornography. A court document was filed almost two years ago on November 3, 2016; nonetheless, it was … Read more

Justice Dept Looks to Develop ‘Cryptocurrency Strategy’

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Over the past few months, the U.S. government and its special agencies have been ramping up their efforts to try to regulate bitcoin and digital currencies. This week the Justice Department’s Deputy Attorney General Rod Rosenstein spoke about cryptocurrencies at the Financial Services Roundtable this Monday in Washington, DC. Also read: Sixth Grader Writes a 57-Page … Read more