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Mnuchin Affirms $1.5 Trillion Unaccounted For, Still Demands Strict Bitcoin Regulation
23.12.2019
U.S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1.5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.” The famously anti-bitcoin U.S. official noted that “there’s a lot...
Anti-Human Trafficking Intelligence Agency Traces Cryptocurrency to Fight Modern-Day Slavery
20.12.2019
CipherTrace announces partnership with ATII to combat human trafficking using crypto analytics
Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches
18.12.2019
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one...
Mining Pool Simplecoin and Interactive Faucet Chopcoin Shut Down Due to EU Regulations
17.12.2019
Like crypto payments provider Bottle Pay, mining pool Simplecoin and interactive bitcoin faucet Chopcoin are shutting down in light of restrictions imposed by EU anti-money laundering legislation, AMLD5. Simplecoin co-founder Marvin Janssen addressed Telegram users last month saying “We...
Bill Gates Echoed His Concerns About Anti-globalization With New Firmness
9.12.2019
Globalization has taken a prime spot in the global geo-political scenario in the last few years. The whole world seems to have taken an inward view and many developed nations like the U.S., Britain, and the European Union have normalized the anti-globalization norms through electoral intent....
The Politics of Destruction
6.12.2019
For some time now, I have been aware of a widespread fascination among many libertarians with Jim Bell’s “Assassination Politics” (AP). At my request, Robert Vroman has defended the merits of AP. In this article, I will argue that AP is just about the single worst idea that...
Fincen Director: US to Impose Strict Anti-money Laundering Rules on Crypto Exchanges
16.11.2019
Kenneth Blanco, director of the FinCEN (Financial Crimes Enforcement Network), said recently that the rules would be strictly imposed by the U.S. government that require the firms engaged in cryptocurrency money service businesses, to share data about their customers. As a part of anti-money...
FinCEN Chief: US Will Strictly Enforce Anti-Money Laundering In Crypto
15.11.2019
FinCEN Director said that Anti-Money Laundering laws will be strictly enforced in the world of crypto
Corrupt CBI Officer Booked for Extorting Vigilante Bitcoiner
10.11.2019
India’s Central Bureau of Investigation (CBI) has reportedly booked its own officer in an extortion case involving bitcoin. The target was a man who previously fell victim to the Bitconnect scam and allegedly resorted to extreme measures to recoup his money. Also read: China Now Censors...
CipherTrace Urges Crypto Companies to Prepare for Anti-Money Laundering Compliance
8.11.2019
How to comply with anti-money laundering regulations while preserving user privacy was a major topic of conversation at this conference
AOFEX Crypto Exchange Aims to Induce Anti-money Laundering Tactics to Protect Users
8.11.2019
Digital currencies or cryptocurrencies, as they are better known as, have been one of the most talked-about pedagogies of the financial sphere in recent times. Where the biggest names of the industry showed trust and gambled their wealth in virtual currencies and its development, there have also...
Ridiculous Crypto Regulations Are an Enemy of Bitcoin
7.11.2019
One of the biggest privacy issues in today’s society revolves around the use of overreaching know-your-customer (KYC) and anti-money laundering (AML) laws. Despite the fact that many cryptocurrencies were designed to avoid these invasive practices, KYC and AML guidelines bolstered...
China Now Censors Anti-Blockchain Sentiment, Educates Public on Bitcoin
5.11.2019
Officially Bullish on blockchain technology, China is now reportedly censoring anti-blockchain sentiment. Meanwhile, a popular Chinese app with over 100 million active users has recommended a course on bitcoin, blockchain, and smart contracts. The app is designed to teach “Xi Jinping...
Montnets Group and QLC Chain will Launch Blockchain-based Anti-fraud Product
4.11.2019
Many times mobile users get calls telling them that they have won a lottery, free trip, etc. and all they need to do to claim that reward is to give their bank account details. How do random people get users’ mobile numbers? We tend to share our mobile numbers quite easily. While booking...
Libra Chief David Marcus Opens Up About Libra’s Potential to Outperform Other Anti Money Laundering Systems
30.10.2019
David Marcus, the spearhead of Facebook’s Libra Project bragged about the social media giant’s highly anticipated stablecoin and its potential to curb money laundering practices in the best possible way in comparison to the current payments systems. The Libra chief shared his views on...
Tron Price Up 25% as China Reportedly ‘Bans’ Anti-Blockchain Sentiment
28.10.2019
Bitcoin sneaks into Chinese blockchain education app
How Cryptocurrency Developers Can Earn Bitcoin Cash With REST APIs
22.10.2019
A recent video by Chris Troutner, Senior Javascript Developer at Bitcoin.com, points out a problem with anti-profit seeking approaches to crypto development, and how devs can incentivize growth and attract business using REST APIs to earn BHC. Without incentives, Troutner notes, many promising...
Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’
22.10.2019
Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative...
Anti-Money Laundering Laws Apply to Crypto Too, Says FinCEN Chief
22.10.2019
The director of FinCEN says that Anti-Money Laundering laws apply to everyone, including firms offering anonymous cryptocurrency services
Rare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here
17.10.2019
The U.S. SEC, Fincen and CFTC issued a rare joint statement Friday addressing regulation of “activities involving digital assets.” Citing crypto’s perceived role in money laundering and terrorism, the regulatory power trio prescribed stricter adherence to anti-money laundering...