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EMS Staff Used ‘Date-Rape Drug’ on People at Cops’ Request

June 18, 2018 |

Ketamine, a powerful sedative used on both humans and animals, is referred to as a “date rape drug” in the Minneapolis police manual because it can alter or erase memory. It is also used to subdue suspects at the request of Minneapolis police, according to a city report. The report…
Newser

It Used to Be a Walmart. Now It’s Holding Immigrant Teens

June 16, 2018 |

Lawmakers from both parties have been criticizing the Justice Department’s tough new policy that requires immigrant children to be separated from their parents at the border. On Friday, President Trump joined the critics, with a familiar caveat. “I hate it,” he said. “I hate to see separation of parents and…
Newser

Watchdog: Sarin, chlorine likely used in Syria in March 2017

June 13, 2018 |

The global chemical weapons watchdog says the nerve agent sarin and toxic chemical chlorine were “very likely” used as weapons in two attacks in central Syria in late March 2017.
FOX News

CNN

Dennis Rodman: Kim is not used to fulfilled promises

June 12, 2018 |

CNN’s Chris Cuomo speaks to former NBA player Dennis Rodman from Singapore as President Donald Trump and North Korean leader Kim Jong Un meet in a historic summit.
CNN.com – RSS Channel – World

Prosecutor: Bourdain Used Belt From a Bathrobe

June 9, 2018 |

Celebrity chef Anthony Bourdain hanged himself in French hotel bathroom with bathrobe belt, French prosecutor Christian de Rocquigny tells the AP . Rocquigny, the prosecutor of Colmar in France’s eastern Alsace region, also says there did not appear to be much planning in Bourdain’s suicide, the AP reports. “There is no…
Newser

Study Shows How Many Spaces Should Be Used After a Period

May 6, 2018 |

A heated debate on the merits of more or less sentence spacing may have been put to rest. A study has found that two spaces are better than one between sentences, the Washington Post reports. The study, from researchers at Skidmore College in Saratoga Springs, NY, sought to settle the…
Newser

Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government

May 3, 2018 |

Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government

Bitcoin is often accused by regulators, governments and central bankers as being a tool for money laundering by criminal organizations, usually without presenting any evidence. A new report from Hong Kong, a major international financial hub and nexus for trade between China and the whole world, spells this out clearly. 

Also Read: Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets Hacked

No Evidence of Money Laundering

Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong GovernmentThe government of Hong Kong has published on Monday its 2018 Money Laundering and Terrorist Financing (ML/TF) Risk Assessment Report. The paper examines threats and vulnerabilities facing the city with regards to the recommendation of the Financial Action Task Force (FATF), the inter-governmental body that sets international standards on combating ML and TF.

Addressing the issue of bitcoin, the report reveals that Hong Kong Police Force monitoring indicates no apparent sign of organized crime or ML/TF concerning the trading of cryptocurrencies. Moreover investigations and intelligence do not suggest cryptocurrencies were used or intended to be used in other prevalent predicate offenses (e.g. drugs, dutiable goods smuggling) or terrorist financing. “The threat level is low.” The government did find, however, that cryptocurrencies have been used as a pretext in Ponzi schemes or as payments for cyber criminals, mostly blackmailers using ransomware.

Not a Threat to Free Economies

Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government
ATMs Near Wan Chai Station

Interestingly, the report also explains why the use of bitcoin should not be seen as a threat to governments that don’t try to limit the financial freedom’s of citizens. “Hong Kong is one of the world’s freest economies with a vibrant foreign currency exchange market and no capital controls.” Cryptocurrencies “are therefore not as attractive as in economies where people may try to circumvent currency controls or seek refuge from a high inflation rate.”

The approach of the Hong Kong government regarding fraud, as evident by the report, is that it’s enough to warn the public to stay vigilant when dealing with cryptocurrency investment offers and take action only against actual crime. And unlike other governments in the region, Hong Kong sees no need to create regulations to limit the legitimate use of bitcoin. It considers the current legal and regulatory provisions relating to fraud and other crimes to be wide enough to catch offenses, whether involving cryptocurrencies or not.

Will this report influence the stance of mainland Chinese government in any way? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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The post Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government appeared first on Bitcoin News.

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Protesters blocked roads in Armenia’s capital. This little boy used his toy cars

May 2, 2018 |

The little boy holds open his arms as he stands, satisfied, in front of a rainbow-colored line of toy cars he’s placed in the middle of a street.
CNN.com – RSS Channel – World

Jury Hears Cosby Admit It: He Used Quaaludes

April 19, 2018 |

Jurors at Bill Cosby’s sexual assault retrial on Wednesday heard his damaging testimony about giving a sedative to women before sex, the AP reports. Cosby, who was deposed in 2005 and 2006 as part of his chief accuser’s civil suit, was asked about quaaludes, a 1970s party drug that’s been…
Newser

Researchers Gave Baboons a Tool. They Used It to Escape

April 17, 2018 |

Animal researchers saw the 55-pound barrel as an “enrichment tool.” Baboons, to whom it was given, apparently saw only a means for escape. Indeed, four baboons briefly escaped the Texas Biomedical Research Institute Saturday after propping a barrel against a wall of their open-air enclosure and using it to hop…
Newser