US AML watchdog wants info on all international crypto transactions over $250
The proposed change would cut down FinCEN’s longstanding $3,000 threshold. Go to Source Powered by WPeMatico
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US crypto derivatives merchants need to leave customer funds alone, says CFTC
The CFTC has issued new guidance for crypto derivatives markets that hold customer funds, much of which boils down to “be very, very careful.” Go to Source Powered by WPeMatico
SEC sees $5M victory in case against Kik
The outlook is grim for the Canadian messaging app as it loses $5 million over its ICO for Kin tokens. Go to Source Powered by WPeMatico
Abramoff-linked crypto firm says SEC has no case against it
Participants of a $5.6 million token sale did not expect a return on investment, the NAC Foundation argued. Go to Source Powered by WPeMatico
US financial watchdog fines early Bitcoin mixer $60M for money laundering
FinCEN has fined the operator of early crypto mixers Helix and Coin Ninja for Bank Secrecy Act violations. Go to Source Powered by WPeMatico
Swiss gov’t starts consultation process for blockchain laws
The Swiss government will enforce new blockchain laws in less than a year. Go to Source Powered by WPeMatico
Understanding the EU’s 6AMLD and the risk to your business
The changes brought about by 6AMLD will affect a lot of businesses, but there is still time to prepare for new rules. Go to Source Powered by WPeMatico
Five Russian banks express interest in piloting digital ruble
The first pilots of Russia’s digital currency are expected to launch in H1 2021. Go to Source Powered by WPeMatico
Crypto Capital’s NFL defendant open to guilty plea, but not for $371M
A former NFL team owner has been asked to pay $371M as part of a plea deal over bank fraud, illegal money transfers, and wire fraud. He’s not interested. Go to Source Powered by WPeMatico
NYC court has no right to hear ‘international’ case argues Bancor firm
Lawyers argued the complaint was “based on a man in Wisconsin using an exchange in Singapore to purchase tokens issued by a Swiss entity.” Go to Source Powered by WPeMatico
