Finnish Customs Puzzled on what to do with 15M Euro Seized in Bitcoin
The Finnish Customs service is puzzling over what to do with seized 1,666 bitcoins as their value has soared almost 2,000% to over $15 million Go to Source Powered by WPeMatico
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LocalBitcoins Quietly Suspends Accounts in Multiple Regions Without Notice
Finnish LocalBitcoins silently suspends user accounts in multiple countries, reportedly citing an “enhanced due diligence process” initiated by the EU’s 5AMLD Go to Source Powered by WPeMatico
EU Countries Commence Crypto Regulations as Mandated by New Directive
The 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. … Read more
Finland Prepares For Bitcoin Ransomware Attack With Cyber Fire Drill
Finland is coordinating a simulated Bitcoin ransomware attack on more than 200 Finnish cities and organizations Go to Source Powered by WPeMatico
LocalBitcoins Receives Finnish FSA Virtual Currency Provider License
LocalBitcoins gets the official nod from the Finnish Financial Services Authority Go to Source Powered by WPeMatico
LocalBitcoins: Tor Browser Users at Risk of Losing Their Bitcoins
Finnish P2P crypto exchange LocalBitcoins says Tor Browser users are at risk of having their Bitcoin stolen Go to Source Powered by WPeMatico
The Push to Kill Cash – Australia’s Proposed Ban Shows It’s Not Conspiracy Theory
The supposed coordination of governments and tech companies to create a one-world, cashless society is often viewed as little more than fodder for silly Youtube conspiracy videos. After all, cash is still king in daily life, even in extremely high-tech, innovative societies like Japan. Upon closer examination, though, current realities like Australia’s proposed cash transaction … Read more
EU Members Adopt Tougher Crypto Rules Than AML Directive Requires
Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5) … Read more
Prasos Secures Payment Institution License From Finnish Watchdog
Cryptocurrency firm Prasos has received a license from the Finnish Financial Supervisory Authority, allowing for more widespread service through its Coinmotion platform Go to Source Powered by WPeMatico
LocalBitcoins Confirms Removal of Local Cash Trades
LocalBitcoins officially confirmed the removal of local cash trades after the exchange remained silent on the matter since the option disappeared on June 1 Go to Source Powered by WPeMatico