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Nalezeno "money": 3623

US Government Agencies Propose Changes to Funds Transfer Rules-Seek to Broaden Definition of Money to Include Cryptocurrencies

25.10.2020
The U.S. Federal Reserve Board and Fincen are seeking feedback on their proposal to lower the threshold at which financial institutions must collect and retain information on funds transfers. In their joint notice on the rule change proposal, the two U.S. agencies want a new threshold...

Governments Can't Cancel Pandemic Debt By Printing More Money

23.10.2020
Ananish Chaudhuri is the Professor of Behavioural and Experimental Economics at the University of Auckland. ___ With the government borrowing heavily to fund its pandemic response and recovery, it has been suggested it could simply cancel its debt by printing more money. That sounds like...

Mastermind of Alleged Billion Dollar Spanish Pyramid Scheme Arrested, Faces 16 Year Prison Sentence

23.10.2020
The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization and money laundering. Fuentes, who has been in hiding since September, was arrested at one of his properties in the south of Tenerife....

US Moves to Cast a Wider Net for Catching Money Launderers, Crypto or Otherwise

23.10.2020
The Fed and the Financial Crimes Enforcement Network want to lower the threshold for reporting financial transactions and make sure crypto is included

Money Reimagined: ‘They Starve.’ The Ugly Side to the US’s KYC-AML Obsession

23.10.2020
Laws like the Bank Secrecy Act, which turns 50 this week, have helped stop money laundering and terrorism. But KYC and AML requirements have served to harm the world's neediest through higher costs and reduced services

Bitcoin price hits new record high in these 7 countries

22.10.2020
Bitcoin price hits a new record high in seven national currencies of 500 million people

Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws on Anti-Money Laundering Rules

22.10.2020
Bitmex said Wednesday that it is fast-tracking its user verification program in order to comply with regulatory requirements. Users must now be fully verified by Nov. 5, 2020 “to continue trading on the platform,” it said. In a statement, the crypto derivatives exchange stated that...

BitMEX Accelerates Mandatory ID Verification After Charges of Lax Anti-Money Laundering Controls

21.10.2020
The exchange moved deadline for identity verification from Feb. 2021 to Nov. 2020

Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike

20.10.2020
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain...

US Financial Watchdog Fines Bitcoin Mixer Service for $60 Million

20.10.2020
Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for allegedly violating anti-money laundering rules. According to documents published Oct. 19...

New Zealand has no imminent plans to issue CBDC, says central bank exec

20.10.2020
Important questions about CBDCs remain unanswered for the Kiwi's central bank

Here’s How Big-spending Chinese Firms Use their Blockchain R&D Money

20.10.2020
A new study of how Chinese firms have been making use of the millions of dollars they have injected into blockchain technology has found that companies are prioritizing government-related developments and financial sector solutions. The report, published by Securities Daily (via East Money), looked...

US financial watchdog fines early Bitcoin mixer $60M for money laundering

19.10.2020
FinCEN has fined the operator of early crypto mixers Helix and Coin Ninja for Bank Secrecy Act violations

Vinnik trial for extortion and Bitcoin money laundering begins in Paris

19.10.2020
The Russian national linked to the laundering of $4 billion of Bitcoin stolen during the Mt. Gox hack is finally in court

Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries

19.10.2020
Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst...

FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls

18.10.2020
The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote...