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Binance money processor Advcash looks like a Russian laundering operation

Red flags around Advcash include its thinly disguised Russian origins, government links, and its acceptance of anonymous cash deposits.

Russia bitcoin narcotics case raises questions for money laundering laws

Converting bitcoin into fiat currency is now a possible act of money laundering as Russia’s Supreme Court overturns an acquittal.

It’s alleged that the man committed treason by sending crypto to buy ammunition, medical equipment, drones, and infrared rifle scopes.

Following a wave of devastating cyber attacks, Russian banks and businesses are turning to crypto and blockchain to avoid further disruption.