Still an awful bubble but this story caught my eye - from Circa:
A New York woman laundered bitcoin to aide Islamic State
A Long Island, New York woman is accused of laundering bitcoin and other cryptocurrencies and wiring the money overseas to help the Islamic State group, according to federal prosecutors.
Zoobia Shahnaz, a 27-year-old Pakistani-born resident of Brentwood, was being held without bail following her arraignment on charges of bank fraud, conspiracy to commit money laundering and money laundering, prosecutors said.
The former lab technician worked in Manhattan and had no known criminal history, according to prosecutors who said that beginning in March she fraudulently obtained more than $85,000 through a bank loan and credit cards to buy bitcoin and other cryptocurrencies online.
"She then made several wire transactions to individuals and opaque entities in Pakistan, China and Turkey, which were designed to avoid transaction reporting requirements and conceal the identity, source and destination of the illicitly-obtained monies," court documents said.
"These transactions were motivated to benefit ISIS, which the defendant ultimately sought to join in Syria," the documents said.
I would not touch Bitcoin with a 10 foot pole - no telling when it will crash and leave you with a fraction of your net "investment". If ISIS is using it to smuggle money, it would be good for it to crash deeply now. Cut their funding off...
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