A Danish citizen was sentenced to 4 years and 3 months in prison for laundering more than $ 450,000 through Bitcoin (BTC). This was reported by local media with reference to the press center of the Danish police.
The 33-year-old criminal fully admitted his guilt in legalizing more than 3 million Danish crowns, which he received from criminal activities.
Law enforcement agencies have not yet clarified what criminal business the convict was engaged in, but local media reported that he could have engaged in extortion and blackmail. It is known that the criminal bought bitcoins for the fiat money received and sent these funds to his accomplices through several foreign cryptocurrency exchanges.
The representative of the police of the Kingdom stressed that the law enforcement authorities of the country are technically ready to investigate any cases involving the illegal use of cryptocurrency.
The use of digital currencies to finance terrorism and money laundering is of great concern to the G20 governments.
Currently, the G20 member states are developing a mechanism to counter the illegal use of such assets. First of all, officials are concerned about the legalization of criminal income through Bitcoin and Altcoins.