Digital euro will not be ‘a substitute for cash’: ECB President
“A digital euro could be a complement to, not a substitute for, cash,” Lagarde said. Go to Source Powered by WPeMatico
Regulation
Auto Added by WPeMatico
5 Major Banks Exposed for Moving Trillions for Mobsters, Onecoin, and Drug Cartels
According to the International Consortium of Investigative Journalists (ICIJ), five major global banks have been exposed funneling trillions of dollars in criminal funds in the recently leaked FinCEN Files. The massive leak is 2,100 documents spanning from 2000 to 2017 which shows fraudulent funds flowed almost effortlessly through JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank, … Read more
FinCEN leak suggests new AML measures may not go far enough… for banks
The leaked documents show many banks ‘enabling’ money laundering. Go to Source Powered by WPeMatico
Beijing sees digital currencies as ‘new battlefield’ in global finance
China’s central bank aims to challenge the global financial status quo. Go to Source Powered by WPeMatico
Gibraltar updates DLT framework to comply with FATF rules
Once again, Gibraltar is taking the lead in crypto regulations. Go to Source Powered by WPeMatico
EU to Launch Comprehensive Crypto Regulation by 2024: Report
The European Union is planning to implement comprehensive cryptocurrency regulation by 2024, two EU reports have reportedly revealed. This follows five European finance ministers calling on the European Commission to put in place “very strong and very clear rules” on cryptocurrency. EU Crypto Regulation Coming Soon A comprehensive cryptocurrency regulatory framework is expected to be … Read more
Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations
The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers to include recommendations for risk management, as well as clarify aspects around the issuance of digital assets. In a statement released on September 17, the regulator said the new updates are part of an ongoing effort to adapt … Read more
The President of Abkhazia lifts country’s ban on crypto-related activities
That may not necessarily be a good thing for the struggling state. Go to Source Powered by WPeMatico
Nvidia doesn’t want to give up its 2017 ‘crypto craze’ docs
Nvidia is trying not to hand over internal documents to plaintiffs who allege that the GPU manufacturer misrepresented its financials during the 2017 bull run. Go to Source Powered by WPeMatico
Abkhazia government blames illegal crypto mining for energy crisis
It is already illegal to mine crypto within the de facto state. Go to Source Powered by WPeMatico