Bitcoin Used To Fund Gun Smuggling, Allege US Feds

A Bosninan immigrant living in Tulali, Washington has been sentenced to seven years in federal prison for receiving Bitcoin in return for illegally modified guns and gun parts. Authorities assert that Hany Veletanlic, 36, sent the weapons to violent extremists in Sweden in violation of the Arms Export Control Act.

Law Enforcement Is Increasingly Worried About Bitcoin Use By Criminals
Veletanlic admitted to engaging in illegal gun sales since 2017, and was also found to be in possession of banned items such as silencers.
Law enforcement agencies across the globe are increasingly concerned about the use of cryptocurrency for terrorist financing. This issue is not new, but as crypto moves into the mainstream, agencies are increasingly seeking to develop methods to trace transactions and identify users.
Earlier this month the U.S. House…

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