Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage Crime

Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage CrimeThanks to the EU’s most recent money laundering directive, a small business called Post-a-coin, which sold cute postcards pre-loaded with tiny amounts of bitcoin, is being forced to shut down. Meanwhile, the most heinous criminals in history are continuing to facilitate violence, trafficking and laundering of cash with impunity. Also Read: Why the Counter Economy […]

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Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia

Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, AsiaIn this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S., China, Japan, South Korea, India, and the Philippines. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU-Wide Crypto Regulations Begin […]

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With New Regulations, Europe’s Crypto Companies May Be Running Out of Options

With New Regulations, Europe’s Crypto Companies May Be Running Out of OptionsEuropean crypto companies are finding themselves in a changing regulatory environment. The new realities they have to deal with stem from the fifth edition of the European Union’s anti-money laundering directive. AMLD5 introduces stricter customer due diligence requirements and some in the industry have realized their business models, based on key principles of the crypto […]

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EU Countries Commence Crypto Regulations as Mandated by New Directive

EU Countries Start Regulating Cryptocurrency as Mandated by New DirectiveThe European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU’s Regulatory Deadline: Jan. […]

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Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases

Germans Rush to Buy Gold as Draft Bill Restricts PurchasesReports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set at €15,000. A draft bill from the German […]

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Utorg Exchange Grants Access to Traders With Limited Verification

Crypto Exchange Utorg Provides Traders With Limited Verification AccessUtorg.io is a digital asset exchange based in the U.K. that allows users in Europe and around the world to trade cryptocurrencies with stablecoins and fiat money. What sets the new platform apart from many incumbents is the simplified verification procedure for traders who don’t exceed а daily limit of $1,000. Its decision to provide […]

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Poloniex Restores Unverified Accounts With Unlimited Trading

Poloniex Restores Unverified Accounts With Unlimited TradingIn times of mounting pressure on crypto companies to comply with expanding due diligence requirements, Poloniex has taken a step in the opposite direction. The exchange is lifting restrictions that applied to unverified users in response to customer demand. New and current accounts will enjoy access to unlimited trading and deposits. Also read: P2P Crypto […]

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Mining Pool Simplecoin and Interactive Faucet Chopcoin Shut Down Due to EU Regulations

Mining Pool Simplecoin and Interactive Faucet Chopcoin Shut Down Due to EU RegulationsLike 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 believe in the power of cryptocurrency and its potential. Mining should to be available to anyone […]

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European AML Directive Pushes Crypto Startup Bottle Pay Out of Business

European AML Directive Pushes Crypto Startup Bottle Pay Out of BusinessBottle Pay, a cryptocurrency payments provider from the U.K., has announced its decision to cease operations by the end of the year. Despite attracting some serious funding and expanding its user base significantly in the past few months, the company has found it unacceptable to continue to work under the upcoming EU regulations. AMLD5, the […]

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Europol Predicts Rise of ‘Criminal’ Crypto Exchanges in Digital Underground

Europol Predicts Rise of ‘Criminal’ Crypto Exchanges in Digital UndergroundIs the current industry landscape, where centralized exchanges dominate cryptocurrency trading volumes, about to change in the coming years? Europol predicts that international regulatory demands for identity verification on established venues will push privacy concerned traders into so-called ‘criminal’ services in the digital underground. Also Read: Berlusconi Admins Disappear — Darknet Users Rush to Find […]

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