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Bangko Sentral ng Pilipinas (BSP) cleared the Philippine Digital Asset Exchange (PDAX) for license to exchange crypto and the Philippine peso. The exchange is being touted as one of the first of its kind to be specifically designed with Filipinos in mind, and will trade an array of cryptos and tokens, including bitcoin cash (BCH). … Read more
Cryptocurrency is a “poor form of money” for most of terrorists, says director of analysis at U.S. think tank FDD’s CSIF Yaya Fanusie Go to Source Powered by WPeMatico
A new report from a Belgian think tank is calling for EU-wide transparent guidelines for crypto ahead of a meeting by EU finance ministers this week, according to Reuters Go to Source Powered by WPeMatico
The news that Shapeshift is to move to a full custodial model, requiring KYC for anyone who wishes to swap cryptos, has sparked a wave of protests. Many users have vowed to take their business elsewhere. For cryptocurrency holders seeking a non-custodial exchange, there are several Shapeshift alternatives to choose from, with varying degrees of … Read more
Non-custodial crypto trading platform Shapeshift has introduced a membership program which will soon be mandatory. CEO Erik Voorhees explains that his exchange will have to begin collecting basic personal information of its users, and there will be five membership levels. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Shapeshift Membership Mandatory Soon … Read more
India’s central bank has released its latest annual report which includes a section dedicated to cryptocurrency. The Reserve Bank of India outlines the risks posed by crypto and emphasizes the need to monitor crypto development in anticipation that some trading may shift from exchanges to peer-to-peer (P2P) mode. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
E.U. finance ministers will reportedly hold a meeting on the development of cryptocurrency regulation Go to Source Powered by WPeMatico
A Mexico-based “prolific bitcoin dealer” has been indicted and held without bond in the US on a number of international money laundering charges. He used Bitfinex for his exchange needs after Coinbase closed his account. His “activities ‘blew a giant hole’ through the legal framework of U.S. anti-money laundering laws,” the Department of Justice wrote. … Read more
IBM acquires a blockchain patent to detect money laundering transactions and other violations based on nodes identifying data Go to Source Powered by WPeMatico
In a chilling but sadly all-too-familiar sequence of events, UK banks have been targeting cryptocurrency owners. Individuals who have cashed out large amounts of cryptocurrency – legitimately – have had their assets frozen and accounts locked without warning, fueled by fears of money laundering and a general distrust of bitcoin. One victim even claims to … Read more
