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Unseen Money 13—Washing the proceeds in cyberspace
New Money Review podcast
39 minutes 4 seconds
4 months ago
Unseen Money 13—Washing the proceeds in cyberspace
Long gone are the days when the Escobar family had to spend $2,500 a month (https://www.independent.co.uk/news/people/pablo-escobar-worth-wealth-money-how-much-a8133141.html) on rubber bands to hold the cash they earned trading cocaine.Now, the invention of cryptocurrency has made money launderers’ life a whole lot easier—or has it?Investigative journalist Geoff White joins Paul Amery and Timur Yunusov in the latest episode of Unseen Money to discuss:* Why a New York crypto money laundering case is attracting such close attention* How technology has changed the business of crime* Cryptocurrency mixers and decentralised finance* North Korea and the Axie Infinity hack* The ugly mix of organised crime, state sponsorship and espionage* Sanctions regimes, cryptocurrency stablecoins and dollar hegemony* Hackers, social media and money laundering* Who will run the world’s digital money?