Category: terrorist financing
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US Treasury Report Warns of Defi’s Threat to National Security, Authors Conclude Fiat Is Used in Illicit Finance More Than Crypto
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US regulator to seek feedback on DeFi’s impact on financial crime
A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.
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South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’
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Seychelles Examines the Pros and Cons of Licensing Crypto Trading Platforms
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Cryptocurrency Is Providing a Lucrative New Revenue Stream for Governments
Cryptocurrency’s resistance to government control is countered by the fact that a number of governments, including Chile, Romania, Spain and South Africa, are looking to cash in by taxing crypto assets. These countries are crafting laws that bind citizens to annually disclose cryptocurrency investments that, in some cases, are held at home and abroad, and […]
The post Cryptocurrency Is Providing a Lucrative New Revenue Stream for Governments appeared first on Bitcoin News.
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Fed Chair: Crypto Has No Intrinsic Value, Not a Store of Value, Great for Money Laundering
The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. He also dismisses the idea that cryptocurrencies […]
The post Fed Chair: Crypto Has No Intrinsic Value, Not a Store of Value, Great for Money Laundering appeared first on Bitcoin News.
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Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government
Bitcoin is often accused by regulators, governments and central bankers as being a tool for money laundering by criminal organizations, usually without presenting any evidence. A new report from Hong Kong, a major international financial hub and nexus for trade between China and the whole world, spells this out clearly. Also Read: Bitcoin in Brief […]
The post Bitcoin Is Not Used by Organized Crime Syndicates Says Hong Kong Government appeared first on Bitcoin News.
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Tether Won’t Redeem Americans, Terrorists and Other Bad Actors
Living in a country known for having some of the toughest financial regulators in the world has its advantages and disadvantages. While it may deter the more cautious international scammers from targeting you it can also hurt your ability to conduct normal business. American cryptocurrency traders are now facing this situation with Tether. Also Read: Exchanges […]
The post Tether Won’t Redeem Americans, Terrorists and Other Bad Actors appeared first on Bitcoin News.
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