BitGo settles with US Treasury over ‘apparent’ sanctions violations
The settlement repeats the Treasury’s message that crypto companies will need to know their customers. Go to Source Powered by WPeMatico
Sanctions
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Venezuela ramps up Bitcoin payments for imports from Iran and Turkey
Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass U.S. sanctions. Go to Source Powered by WPeMatico
Illegal Bitcoin use is down, but privacy wallet laundering is up, says analytics firm
2020 has apparently been the year of privacy wallets, as more exchanges onboard KYC requirements. Go to Source Powered by WPeMatico
SWIFT enables instant cross-border payments
This seemingly fight-or-flight response to blockchain’s rising ubiquity may be too little, too late. Go to Source Powered by WPeMatico
Venezuelan army starts mining Bitcoin to make ends meet
The Venezuelan army turns to crypto mining as the country’s economy collapses. Go to Source Powered by WPeMatico
US intelligence is looking at Chinese CBDC as a national security threat
The Director of National Intelligence wants to have the SEC’s leader briefed on the dangers of the U.S. falling behind in crypto. Go to Source Powered by WPeMatico
US Government labels Virgil Griffith’s argument to dismiss sanctions charges ‘absurd’
Government lawyers implied that citizens could legally pass along nuclear secrets to North Korea if held to the same standards as Griffith. Go to Source Powered by WPeMatico
Cuba’s exploding crypto interest comes amid an absence of regulation
Monetary reforms and a lack of regulation mean crypto is booming in Cuba. Go to Source Powered by WPeMatico
Google searches for Bitcoin are on the rise in Cuba
Cubans are interested in Bitcoin as other major digital payment options like PayPal are unavailable. Go to Source Powered by WPeMatico
Cuban freedom fighters launch underground Bitcoin remittance network
Fiat trades are often completed for a sizable fee by bike-riding crypto enthusiasts. Go to Source Powered by WPeMatico
