Over the past week, news broke detailing that Oz Yosef, an executive of the mysterious firm Crypto Capital, has been indicted by the United States for conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transfer service. The news came just days after Crypto Capital’s president, Ivan Manuel Molina Lee, was arrested by Polish authorities on suspicion of laundering roughly $350 million worth of funds from illegal proceeds and having ties to a transnational drug cartel. According to local reports, the arrested was tied to $350 million worth of funds previously seized by the Polish Ministry of …

The United States' Financial Crimes Enforcement Network (FinCEN) has announced it is working to investigate a string of digital currency businesses, assessing whether they meet financial regulations for the sector. Announcing the bureau's latest activity was director Jennifer Calvery, speaking at the West Coast AML (Anti Money Laundering) Forum in San Francisco May 6. The three-day event is a chance for federal and state regulators to meet with the government's investigative agencies and other qualified consultants. In her opening speech to the forum Calvery gave top billing to her department’s efforts to investigate potential regulatory violations in the virtual currency …

A small Caribbean island, which has yet to be named, will soon become the largest Bitcoin community in the world. Each person in that country who has SMS texting capability, will soon receive a small quantity of Bitcoin. This will make the country the densest population of Bitcoin owners in the world. Many of these people are currently unbanked. Introducing the "Let the Bit Drop" party for Bitcoin aficionados This ambitious plan is part of "Let The Bit Drop," a grand experiment set up by Coinapult and Aspen Assurance. In addition to giving every person in the country some Bitcoin …