Italian Police Uncover €110M Mafia Banking Scheme Using Crypto
Italian police have dismantled an alleged mafia-run underground bank that operated behind a car-rental business near Milan, processing more than €110 million in fake invoices and moving roughly €68 million abroad through banks and cryptocurrency. The investigation led to 30 court-ordered restrictions and the seizure of approximately €21 million in assets, exposing financial ties between […]
Key Takeaways
- Italian police have dismantled an alleged mafia-run underground bank that operated behind a car-rental business near Milan, processing more than €110 million in fake invoices and moving roughly €68 million abroad through banks and cryptocurrency.
- The investigation led to 30 court-ordered restrictions and the seizure of approximately €21 million in assets, exposing financial ties between […]
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Bitwise Asks SEC To Protect Funds Relying On Token Status Filings
Bitwise filed a supplemental SEC comment seeking clearer protection for firms that rely on token-status filings. The October 21 letter develops its earlier proposal; it is an industry request, not an adopted rule.
JPMorgan says crypto regulatory moves partly offset Clarity Act failure, but risks remain
JPMorgan said actions by U.S. regulators partly offset the Clarity Act setback, but longer-lasting rules are still needed.
Robinhood Wins Dubai Approval as Crypto Rivals Race Ahead
Robinhood wins a Dubai license for a 2027 Middle East launch. See the bull and bear case and which markets could feel it. The post Robinhood Wins Dubai Approval as Crypto Rivals Race Ahead appeared first on BeInCrypto.