“There is always the possibility that someone inside Coinbase could, wittingly or unwittingly, leak information to outsiders engaging in illegal activity,” said Brian Armstrong.
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Category: Law
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Central Bank of Cuba Introduces Specific Virtual Asset Service Providers Regulation
The Cuban government has issued new regulations concerning the operation of virtual asset service providers (VASPs) in the country. In an official resolution, the Bank of Cuba establishes specific procedures that these individuals or companies must follow to operate legally in the country, after establishing a general framework in August. Bank of Cuba Clarifies Rules […]Powered by WPeMatico
US needs ‘electronic tokens’ with functionality of cash — Software Freedom Law Center legal director
Software Freedom Law Center legal director Mishi Choudhary supported tokens that were not quite CBDCs nor cryptocurrencies, but with cash-like privacy features many users may want.
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Panama’s legislature approves bill regulating crypto
The Crypto Law is aimed at making Panama “compatible with the digital economy, blockchain, crypto assets and the internet.”
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FinCEN acting director says PATRIOT Act provision isn’t ‘right sized’ for crypto enforcement
Him Das said FinCEN’s current authority under the PATRIOT Act would likely not stop actors from engaging in illicit transactions for ransomware attacks and darknet markets.
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Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles
Blockchain and virtual currencies are set to become vital part of the Argentine capital’s 12-step digital transformation effort.
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Russian Law Enforcement Submits Proposals to Regulate Seizure of Crypto Assets, Data Sharing
Russian Ministry of Finance has accepted a number of crypto regulatory proposals submitted by the country’s law enforcement departments. They cover a range of related areas, including the seizure of digital assets and the reporting of information on cryptocurrency transactions. Finance Ministry of Russia Backs Regulations Proposed by Law Enforcement Agencies Russia’s Ministry of Finance […]Powered by WPeMatico
Central African Republic will adopt Bitcoin as legal tender: Report
The African nation will reportedly join a short list of countries to adopt cryptocurrency as legal tender.
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ECB needs ‘globally coordinated regulatory action’ on crypto, says official
One of Fabio Panetta’s concerns seemed to be how the ECB and lawmakers address the taxation of cryptoassets, describing current requirements as “minimal.”
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NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds
Senator Kevin Thomas seeks to provide prosecutors with a clear legal framework against crypto crimes that align with the spirit of the blockchain while combatting fraud.
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