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As the saying goes, don’t keep all your stablecoins in one basket. Over-reliance on tethers could prove costly to an exchange such as Bittrex if U.S. regulators were to crack down on the controversial stablecoin. This week, Bittrex added a second stablecoin in the form Trueusd, in a move seen as a hedge against future […]
The post Bittrex Adds Tether Competitor TrueUSD as Regulation Rumors Persist appeared first on Bitcoin News.
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Last week, Malaysia’s new Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) policy guidelines specifically addressing cryptocurrencies came into effect. The new regulations compel Malaysian virtual currency exchanges to mandate KYC adherence, including the collection of ID documentation. Also Read: Two Indian Token Marketplaces Suspend Trading Due to Regulatory Pressure New Malaysian AML/CFT Guidelines for Cryptocurrencies […]
The post New Malaysian Cryptocurrency Regulation Come Into Effect appeared first on Bitcoin News.
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The Thai government is concerned with the growing number of companies in Thailand racing to launch their initial coin offerings ahead of regulations. This has prompted the country’s regulators to hurry with the regulatory framework for token sales, ahead of cryptocurrency regulations. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten ICOs Growing in Popularity […]
The post Thai Regulators in Race With Growing Popularity of Token Sales appeared first on Bitcoin News.
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Just recently Japanese investigators revealed they had obtained 669 reports concerning “suspected money laundering” tied to cryptocurrency transactions and domestic digital currency trading platforms. The linked data was derived from investigations spurred by the recent transaction reporting statutes licensed exchanges are required to follow. Also read: Bitcoin Is Finding Its Way into High Schools Japanese Police […]
The post Japanese Police Reveal 669 Money Laundering Cases Tied to Local Exchanges appeared first on Bitcoin News.
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Once upon a time initial coin offerings were open to everyone. That time was last year, and since then gaining entry to ICOs has become increasingly difficult. In response to regulatory attention from the SEC, crypto startups have begun to perform due diligence on aspiring investors. Thanks to onerous KYC requirements, the pendulum has swung […]
The post KYC Requirements Are Making ICOs Riskier, Not Safer appeared first on Bitcoin News.
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The financial inspectors of the SEC publish their top priorities at the beginning of every year in an effort to improve compliance, prevent fraud, monitor risk, and inform regulatory policy. This year, tacking fraud in the ICO and cryptocurrency markets takes center stage. Also Read: Weiss Ratings Defends its Decision to Give Bitcoin Only a […]
The post SEC to Focus on Cryptocurrency and ICO Fraud as Top Priority appeared first on Bitcoin News.
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Bitcoin is a tool for terrorists and money launderers. At least that’s what your elected officials believe. When western leaders are pressed for their thoughts on cryptocurrency, that’s invariably the first sound bite to leave their lips, followed, occasionally, by a begrudging acknowledgement that “the underlying blockchain technology has potential”. But as the case of […]
The post Cryptocurrency Is Harder to Launder Than Fiat Currency appeared first on Bitcoin News.
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Things are not looking all that great for the BitGrail service right now. As the company is being forced to verify users’ identities, they have a lot on their plate. Moreover, it seems they will only verify the identities of their European users. It is a bit unclear what this means for the company as a whole, though. Some users expect BitGrail to leave non-European customers in the cold, but that doesn’t appear to be the case just yet. What is Going on With BitGrail? Some cryptocurrency enthusiasts may be familiar with the BitGrail project. This cryptocurrency exchange has becomePowered by WPeMatico
Blockchain technology could enable the possibility of data control and proper identity management by their real owners. #SPONSORED
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The new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed for anonymous trading of cryptocurrencies. Traders must open real-name accounts at the same banks as their exchanges in order to deposit money to trade cryptocurrencies. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies […]
The post South Korea Ends Anonymous Cryptocurrency Trading Today appeared first on Bitcoin News.
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