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The US Secret Service is worried about the illicit use of cryptocurrencies. A high-ranking official of the agency has urged Congress to consider additional legislation to address anonymity-enhanced cryptocurrencies and services intended to obscure transactions on blockchains such as tumblers or mixers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Undermining US Laws Deputy … Read more
The owner of a leading Irish Bitcoin broker has accused the country’s banking institutions of discriminating against crypto-related businesses Go to Source Powered by WPeMatico
The new chairman of the Malta Bankers Association thinks that blockchain could be a “total game changer” and that crypto will challenge banks’ roles as payment intermediaries Go to Source Powered by WPeMatico
Well-known Hollywood actors will join forces in a new move about cryptocurrency money laundering later this year Go to Source Powered by WPeMatico
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This will obligate crypto exchanges to follow anti-money laundering directives like banks do. This is the first time a government agency has said it will oversee crypto exchanges. Also read: Yahoo! Japan Confirms Entrance Into … Read more
A court order to freeze assets stored in an account on a cryptocurrency exchange in Tokyo could not be enforced, it was learned on June 13. The exchange said it was ‘technically difficult’ to foreclose the account. A mechanism for freezing accounts on the platform has apparently not been developed yet. Experts urge crypto exchanges … Read more
This week in Southern California a Los Angeles woman who called herself the ‘Bitcoin Maven’ will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins. Also read: Bitcoin Cash Innovation Continues with the … Read more
There have been numerous allegations regarding Bitcoin and cryptocurrencies being used for nefarious activities. Making any of these charges stick has been a bit more difficult than anticipated, although there are some key statistics which all users need to be aware of. Turning illicitly obtained funds into ‘legal’ currency is a very difficult process these … Read more
Risk management giant LexisNexis has partnered with Australian crypto exchange Blockbid to make trading more secure Go to Source Powered by WPeMatico
Hong Kong official says central bank digital currency not needed right now due to the superiority of existing infrastructure Go to Source Powered by WPeMatico
