Accenture and Digital Dollar Foundation to trial United States CBDC this year

Fortune 500 company Accenture has teamed up with Digital Dollar Foundation to conduct Central Bank Digital Currency, or CBDC, trials in the United States. Announced on Monday, May 3, the newly formed Digital Dollar Project will carry out five CBDC pilot programs over the next 12 months. The project’s objective is to generate data to inform U.S. policymakers on how to develop a domestic digital currency. The Digital Dollar Project will launch three pilot programs in the next two months, generating data on the functional, sociological, and business benefits of…

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Vinnik trial for extortion and Bitcoin money laundering begins in Paris

The trial of the alleged launderer of $4 billion worth of Bitcoin (BTC), Alexander Vinnik, got underway in Paris on Oct 19. However, despite reported links to the 300,000 BTC hack of Mt. Gox in 2014, prosecutors are focusing on a €135 million ($159 million) ransomware fraud targeting French businesses and organizations between 2016 and 2018. According to AP News, Russian national Vinnik is being charged with extortion, money laundering and criminal association after 20 victims of the “Locky” malware paid the ransom in Bitcoin through BTC-e. Vinnik is alleged…

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