Canadian bitcoin investors and cryptocurrency traders are going to be subjected to an increased level of market surveillance soon if the government has its way. Once the proposed regulations are implemented, every transaction above $10,000 CAD will have to be reported. Also Read: Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets […]
The post Canadian Exchanges to Report Transactions Over $10k per Proposed Regulations appeared first on Bitcoin News.
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South Korea’s largest cryptocurrency exchange Bithumb has announced that it will block trading in 11 countries as part of its revised internal regulations aimed to prevent money laundering using its system. Foreign users will also need to undergo a stricter verification process. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Preventing Money Laundering Bithumb announced […]
The South Korean government reportedly plans to soften its crypto regulations in line with the policies set by the G20 nations in an effort to create “unified regulations.” The Korean regulators have also agreed to apply the standards set by the Financial Action Task Force to its crypto policies. Also read: Yahoo! Japan Confirms Entrance Into […]
Bitcoin is often accused by regulators, governments and central bankers as being a tool for money laundering by criminal organizations, usually without presenting any evidence. A new report from Hong Kong, a major international financial hub and nexus for trade between China and the whole world, spells this out clearly. Also Read: Bitcoin in Brief […]
Nations forming the Group of 20 (G20) summit in Argentina this week issued Comunicado oficial de la primera reunión de ministros de Hacienda y presidentes de Bancos Centrales del G20, or first communication from the world’s central bankers concerning their work. The two page document is crammed with statements, and on the final page bankers […]
The State Financial Monitoring Service of Ukraine has published its official position on crypto matters. While offering some borrowed definitions of terms like virtual currency and mining, the agency notes that changes to the legal status of cryptocurrencies in the country are expected. Also read: Uzbekistan to Legalize Bitcoin and Support Developers Due Diligence In […]
Thirty-five countries and the European Commission have asked the Financial Action Task Force (FATF), responsible for setting global anti-money laundering (AML) policies, to revise its standards relating to cryptocurrencies. The organization promised to present its revised AML countermeasures for cryptocurrencies at the upcoming G20 meeting of finance ministers. Also read: Indians Look to Buy Bitcoin Overseas […]