Tag Archives: Illicit Activity

Source Hut – an open-source repository – has stated it’s not going to permit any more projects that delve into the digital currency or blockchain arenas. The idea is that these assets and the technology behind them are too often used for fraudulent means, and the platform doesn’t want its software, its name, or reputation tarnished should illicit actors decide to utilize its services. Source Hut Is Doing Away with Crypto Permissions The decision was made by founder and creator Drew DeVault....

According to the International Monetary Fund (IMF), crypto traders need to accept the idea of stronger regulation if they are ever going to be safe from hackers and other illicit players. The IMF Says Regulation Needs to Happen There have been several arguments as of late claiming that the bitcoin space is prone to criminal activity from those who would like to launder money, fund terrorist organizations, and commit themselves to illicit projects. In addition, the crypto...