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Drug Trafficking Group in Spain Used Crypto ATMs for Money Laundering

With cryptocurrency came a lot of innovative developments. One of such innovations is the creation of ATM-like machines specifically for dispensing virtual currencies.These machines function like the conventional automated teller machines (ATMs). You can put in a specific amount to get the equivalent worth in crypto coins or convert the

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Eight People Allegedly Arrested for Money Laundering Scheme Involving Crypto in Spain

In Spain, eight people have been arrested for allegedly operating a money laundering scheme involving cryptocurrencies, Europol announced in a press release on May 8.Per the release, the group laundered money by exchanging fiat currency to crypto assets. The individuals reportedly used cryptocurrency ATMs and split funds into smaller

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Bank of Spain Warns Citizens Against Crypto Given Lack of Local Regulations

Spain’s central bank has issued a reminder to citizens warning of the risks involved in transacting unregulated cryptocurrencies. The Bank of Spain’s notice, issued Feb. 10, followed an official blog post published two days earlier, which had outlined the institution’s stance on cryptocurrencies, their characteristics, and their legal status in

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Retail Giant Carrefour Launches Blockchain Food Tracking Platform for Poultry in Spain

Retail giant Carrefour, headquartered in France and operating in more than 30 countries, is deploying a blockchain food tracking platform based on Hyperledger in its Spanish network, a press release states Tuesday, Nov. 20.The food tracking solution, initially developed by U.S. tech corporation IBM, will be used to track free-range

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Spain Remains a Primary Example of Blockchain Optimism on All Levels

On Sept. 17, Europa Press reported on the contract the autonomous community of Aragon, one of the 17 Spanish autonomous communities, signed with Alastria — a blockchain ecosystem of more than 274 entities, including companies and institutions which create blockchain-based tools in line with Spanish and European Union legal frameworks.This

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Spain to Develop Blockchain Tech Application for Transparency in Forestry Industry

The Spanish Ministry of Agriculture, Fisheries and Food plans to apply blockchain technology to develop the forestry industry, local news outlet EuropaPress reported September 21.The operating group, entitled ChainWood, aims to improve the traceability and efficiency of the wood supply in Spain by implementing blockchain technology in industry logistics.ChainWood is

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