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BOMBSHELL: Sweden Declares War on Crypto Scammers, Calls Them Out as Professional Money Launderers in Blunt Takedown That Will Leave Bitcoin Bros Reeling

Crypto NewsNewsRegulation/Negotiation Kevin Nelson September 24, 2024

A comic-style illustration depicting a Swedish flag waving in front of a cityscape at night, while a giant hammer comes crashing down on a group of shadowy figures lurking around cryptocurrency exchanges. The exchange platforms are shown as four distinct profiles (node, hawala, asset, and platform) with chains linking them to money laundering activities. In the background, Bitcoin mining rigs are seen being shut down by authorities.

Sweden’s latest move shows that even in a world where cryptocurrency enthusiasts think they can hide from reality, there are still authorities willing to call out these exchanges for what they really are: professional money launderers. It seems like every week we get another report of some shady crypto operation getting caught with its hand in the cookie jar (or should I say, the wallet). And let’s be real, it’s not just Sweden – countries all over the world are starting to take a closer look at these exchanges and what they’re really doing. It’s almost as if people who actually know something about finance and economics have finally caught on that cryptocurrency is basically just numbers on a computer created from thin air.

Source: cointelegraph

Sweden sees crypto exchanges as professional money launderers
https://cointelegraph.com/news/swedish-fiu-classifies-crypto-exchanges-professional-money-launderers
The Swedish Police Authority and the Financial Intelligence Unit (FIU) have classified cryptocurrency exchanges as “professional money launderers (PML)” following an analysis of services provided by unlicensed and illegal providers. According to the FIU, PMLs have criminal links and enable several individuals and criminal networks to systematically launder money.  Based on their analysis of underlying characteristics, the FIU categorized PMLs into four profiles: the node exchange provider, the hawala exchange […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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