Regulation can affect a lot of companies in very different ways. The recently introduced AMLD change in Europe is causing plenty of headaches for crypto service providers. It is evident that European officials want to put an end to money laundering. KyberSwap is Moving out of Europe To do so, they will introduce the fifth anti-money laundering directive. This new requirement has severe consequences for cryptocurrency service providers in Europe. All providers need to perform proper AML and KYC checks at all times. This also means companies need to maintain records of their customers’ accounts, transactions, and financial sources. For
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Canadian regulators have issued new guidance determining when current securities legislation applies to operations conducted by cryptocurrency exchanges. According to the clarifications in the document, many domestic and foreign entities serving Canadian users, for example those that provide custodial services, will have to abide by the country’s securities laws and act like securities dealers. Also […]
A lot of people have a genuine dislike toward Ripple and XRP. There are also genuine concerns over its ODL service being capable of convincing enough financial institutions. It is evident that the bias toward this company has grown somewhat out of proportion. GPI and Ripple Aren’t Competing yet However, one post on StockTwits paints an interesting picture. One has to keep in mind the original news dates back to September of 2019. By that time, there was no one worrying too much about this peculiar development. In the post, it is explained how SWIFT rolled out a new system 
The Russian Federation has a new prime minister, Mikhail Mishustin, with a track record of statements regarding cryptocurrencies and an affection for digitalization. A stated goal of his government will be to turn the country into a digital platform “for the people.” Time will tell, however, whether his plan encompasses the legal use of decentralized […]
The Gram sale orchestrated by Telegram also affects the cryptocurrency industry. For Liquid, a popular exchange, it caused them quite a bit of financial problems. Unlike other trading platforms, Japan’s Liquid decided to let investors get exposed to Telegram’s Gram token. Liquid Makes the Right Decision That was a risky decision, as this token hasn’t been issued. Nor will it be in the near future either. Unfortunately for Liquid, this means they have to refund investors accordingly. The token sale was canceled late last week, following Telegram’s TON announcement. That blockchain has yet to be launched officially, thus there are 
On Friday, January 17th, the Dash cryptocurrency is trading at $122.40. On D1, DASH/USD demonstrates a confident impulse of growth. These dynamics are quite logical. The first reason is the decline of the quotations to a very low level of $38.12. The second signal of the growth was a divergence on the MACD. The third signal was a breakaway of the resistance line of the mid-term channel. The long-term technical picture shows that the growth is aimed at reaching and testing the resistance level of the main long-term channel – $175.00; a breakaway of this level will mean a new 
Bithumb, a major crypto exchange in South Korea, has taken the country’s tax authority to court over a “groundless” tax imposed on the exchange. Experts explain that currently there are no grounds to tax crypto transactions in South Korea and existing tax laws do not apply to crypto transactions. Also read: Regulatory Roundup: EU-Wide Crypto […]
Chainalysis is a well-respected blockchain analysis firm. In its yearly report, the findings do not paint a positive picture for some key crypto exchanges. The yearly Chainalysis report always provides some interesting insights into the cryptocurrency industry. Chainalysis Keeps Following the Funds For years, bitcoin and altcoins have often been associated with money laundering and tax evasion. This report seems to confirm that there is some truth to these statements in the end. Criminals have been attracted to cryptocurrencies for some time now. There have always been numerous questions as to how they launder those proceeds. According to Chainalysis, cryptocurrency 
A new political force is being born in Russia out of the country’s tech business circles. The idea has been conceived by representatives of the country’s growing digital economy sector who want to embark on finding solutions to numerous issues that concern the crypto space. Also read: Eastern Europe Sees More Fiat Options for Trading […]
It appears that the number of SIM swapping attacks continues to rise. This trend is particularly evident in the cryptocurrency space. On Reddit, a new post regarding a SIM Swapping attack has surfaced this week. The SIM Swapping Saga Continues In the post, the user explains how he was targeted, yet seemingly managed to not lose any funds in the process. It is still too early to say for sure, as not all of these attacks result in immediate loss of money. In the span of a few minutes, the individual received numerous worrisome text messages. He was informed as