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Reporters at the Wall Street Journal (WSJ) tied innovative ecosystem cryptocurrency exchange Shapeshift to money laundering. “How Dirty Money Disappears Into the Black Hole of Cryptocurrency,” was its published product from months of investigative journalism. The company’s CEO, Erik Voorhees, claims cooperation with the WSJ was obtained “under false pretenses.” He also charges the WSJ … Read more
A recent investigation by the Wall Street Journal purportedly tracked nearly $90 million of ill-gotten funds through cryptocurrency exchanges Go to Source Powered by WPeMatico
BTC.com has . announced its wallet will enable Bitcoin Improvement Proposal 70 (BIP-70) for payment transactions, which is especially helpful between customers and merchants, becoming an industry standard of sorts. The wallet has more than one million users, and with BIP-70 they will be able to buy products from popular processing platform Bitpay, which has … Read more
New research from Diar into publicly available records has revealed that U.S. government agencies tripled their investment in blockchain intelligence firms this year Go to Source Powered by WPeMatico
Justin Wales and Arnaldo Rego, lawyers at Carlton Fields, have surveyed all 50 states in the US, looking for clarity on money transmitting laws as they relate to cryptocurrencies. As adoption and general usage increases, states appear to be failing to keep up, leaving many enthusiasts to wonder if they’re committing a crime. Also read: … Read more
Elon Musk wants those pesky Twitter crypto scammers gone, and Japan suffers yet another crypto exchange hack — read more in this week’s Hodler’s Digest Go to Source Powered by WPeMatico
From Washington to Moscow, cryptocurrencies have entered the agenda of those who share a vocation to rule and regulate. Following the congressional summer vacation, the House of Representatives passed a bill that will enable the Treasury to investigate crypto transactions, while a Congressman plans to introduce three drafts supporting the crypto industry. Also in The … Read more
As crypto-related startups began to leave Switzerland, local bankers are trying to establish a dialogue, issuing detailed guidelines Go to Source Powered by WPeMatico
The Financial Action Task Force expects to release a worldwide set of anti-money laundering standards for crypto in October Go to Source Powered by WPeMatico
When societies discuss cryptocurrencies, the argument that the decentralized and unregulated nature of the crypto space leaves the door open to abuse, like money laundering and financial fraud, is often put forward by officials and authorities. However, a string of cases involving precisely these sins, and many, many banks, show that regulations are largely ineffective … Read more