• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home EUROPE

Bitcoin Supporters Enjoy Credit Suisse Corruption News

CB4U by CB4U
February 21, 2022
in EUROPE
0
Bitcoin Supporters Enjoy Credit Suisse Corruption News
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Reading Time: 2 minutes

  • Bitcoin supporters have enjoyed the news that Credit Suisse has helped criminals hide their money
  • Drug traffickers and corrupt politicians were among the clients allowed to open accounts by Credit Suisse
  • Bitcoin is often targeted as a criminal’s paradise, a story which has been rubbished again

Schadenfreude seems to be the order of the day for Bitcoin supporters after The Guardian revealed that banking giant Credit Suisse has helped criminals including drug traffickers, money launderers, and corrupt politicians hide tens of billions of dollars. The report, which dropped this weekend, reveals how Credit Suisse “repeatedly either opened or maintained bank accounts for a panoramic array of high-risk clients across the world”, with the much vaunted Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations for which crypto exchanges are accused of flaunting clearly having no impact.

Credit Suisse Helped Criminals Hide Tens of Billions

The Guardian report used data provided by a concerned whistleblower that offered details of accounts linked to 30,000 Credit Suisse clients all over the world, and revealed how the bank helped numerous bad actors operate with impunity. The irony, of course, is that Bitcoin has long been accused of fostering this kind of activity, with a clamour over the past two years for an increase in KYC and AML on crypto exchanges.

Clearly, however, these rules don’t apply to traditional banks, with “relationship managers” tasked with vetting high risk clients and, seemingly, letting many through the Credit Suisse doors despite their less than savoury backgrounds.

Naturally, the Bitcoin crowd could not let this irony pass:

💥LEAKED: Credit Suisse leak unmasks criminals, corrupt politician and secret owners of £80bn

But #Bitcoin is the problem huh?

— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) February 20, 2022

‘Human traffickers, murderers, corrupt cardinals: the shady dealings of Credit Suisse’

But yeah, #Bitcoin iS fOr cRiMiNaLs pic.twitter.com/kQuVHiEyYA

— CR1337 (@cryptonator1337) February 20, 2022

“Credit Suisse repeatedly either opened or maintained bank accounts for a panoramic array of high-risk clients across the world.”

Tomorrow, back to our regular coverage of how #bitcoin and #Crypto are uniquely responsible for criminal activity. https://t.co/fnTKGGu9MK

— Teymoor Nabili (@teymoornabili) February 21, 2022

The Irony Keeps Coming

What’s also ironic is that The Guardian, which also helped break the Panama Papers story, is staunchly anti-crypto, saying in the past that how hackers “love” Bitcoin and that Bitcoin’s existence makes it “harder to track online child abuse”. Given the fact that The Guardian has now reported on two huge financial fraud stories regarding traditional banks, not to mention Danske Bank laundering $223 billion in gold bars off the books, perhaps it should look to the traditional financial system it so loves for the real culprits.

Advertisement Banner
Previous Post

Ethereum founder Vitalik Buterin wears Shiba Inu pyjamas to conference

Next Post

XRP Showing Strength In The Legal Fight As New Evidence Arises

CB4U

CB4U

Next Post
XRP Showing Strength In The Legal Fight As New Evidence Arises

XRP Showing Strength In The Legal Fight As New Evidence Arises

Discussion about this post

RECOMMENDED

Don't Buy The Dip

Don't Buy The Dip

1 year ago
Huge Crypto Rally | Why is Crypto Pumping? Cryptocurrency Pump Explained | Bitcoin News Live

Huge Crypto Rally | Why is Crypto Pumping? Cryptocurrency Pump Explained | Bitcoin News Live

10 months ago

DON'T MISS

Market Recap on the Top coins for the Week

Market Recap on the Top coins for the Week

June 4, 2023
3,500,000,000 $ADA *VANISH*

3,500,000,000 $ADA *VANISH*

June 4, 2023
Calm Before the Storm? BTC Attempts to Push Above $27K (Bitcoin Price Analysis)

Calm Before the Storm? BTC Attempts to Push Above $27K (Bitcoin Price Analysis)

June 4, 2023
Atomic Wallet hack losses top $35M, on-chain sleuth reports

Atomic Wallet hack losses top $35M, on-chain sleuth reports

June 4, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

Market Recap on the Top coins for the Week

Market Recap on the Top coins for the Week

June 4, 2023
3,500,000,000 $ADA *VANISH*

3,500,000,000 $ADA *VANISH*

June 4, 2023
Calm Before the Storm? BTC Attempts to Push Above $27K (Bitcoin Price Analysis)

Calm Before the Storm? BTC Attempts to Push Above $27K (Bitcoin Price Analysis)

June 4, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H