Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity

Deutsche Bank Gets Raided After Calling Bitcoin a Risk for Criminal Activity

THELOGICALINDIAN - Deutsche Coffer address got raided this anniversary as addition coffer that consistently criticizes Bitcoin is afresh doubtable of money laundering

Deutsche Bank Haunted by Panama Papers

As Bloomberg appear November 29, an analysis into two advisers at the lender has alike resulted in its Frankfurt address actuality searched, with shares falling about 5 percent.

Deutsche Bank (DB), which the advertisement addendum has spent $18 billion on “fines and acknowledged disputes” over the accomplished ten years, reportedly has assorted links to the Panama Papers scandal.

Citing prosecutors, Bloomberg added Deutsche “may accept helped audience in ambience up adopted companies in tax havens.”

“Money acquired illegally may accept been transferred to accounts at Deutsche Bank, which bootless to address the suspicions that the accounts may accept been acclimated to acquit money,” it reported.

Bitter Irony Of Banks’ Bitcoin FUD

Ironically, in April, Philippe Vollot, all-around arch of the DB’s administration adjoin banking crime, alleged for greater regulations due to cryptocurrencies’ declared affability for criminals. He said:

In February, Bitcoinist reported, one analyst produced a committed address gluttonous to dispell “myths” associated with the industry, absolute it was “too early” to achieve annihilation about it.

Prior to that, added coffer sources had delivered added dismissive comments, arch architect Ulrich Stephan in November aftermost year saying he “would artlessly not acclaim (Bitcoin) to the accustomed investor.”

While Bloomberg addendum that alone the UK’s Royal Bank of Scotland has paid out added in acknowledged settlements than Deutsche Bank back 2024, assorted European institutions accept approved to ‘bash’ Bitcoin at the aforementioned time as actuality begin accusable of banking crimes.

Danske Bank

Among contempo cases were the Netherlands’ Rabobank and Denmark’s Danske Bank, the closing infamously bed-making added funds than cryptocurrency’s absolute bazaar cap.

In a above-mentioned address into the industry, Danske had managed to accentuate the irony of its position.

“…Most importantly, the abridgement of accuracy and authoritative ascendancy accept fabricated cryptocurrencies a ambition for bent purposes and we apperceive that they on several occasions accept been complex in bent affairs like money bed-making or extortion,” it reads.

This anniversary meanwhile saw Frankfurt host Germany’s second Bitcoin ATM.

What do you anticipate about Deutsche Bank’s new scandal? Let us apperceive in the comments below!

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