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OCC Wants to End Banks’ Discrimination of Disfavored Businesses Including Crypto Companies
23.11.2020
The OCC is proposing a rule change that compels large U.S. banks to offer and provide fair access to financial services to anyone that wants them. The proposition seeks to clarify the obligation of large banks to provide fair access to financial services in a manner consistent with the Dodd-Frank...
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...
US Army Requests Information on Tools to Track Cryptocurrency Transactions
14.7.2020
The U.S. Department of Defense and the U.S. Army have requested information on web-based cryptocurrency tracking tools. The tools must enable U.S. government agencies worldwide to conduct in-depth investigations into the source of crypto transactions and provide multi-currency analysis from bitcoin...
66% of Coinbase Users Willing to Leave the Exchange Due to Mounting Privacy Concerns
8.6.2020
Two-thirds of people who use Coinbase are willing to leave the platform following reports that the U.S. exchange plans to sell user data to two government agencies for $250,000. Cryptocurrency trader and analyst John Rager carried out a poll on Twitter, asking his 73,000 followers: “Would...
Trump Signs Deregulation Order to Boost US Economic Recovery
21.5.2020
U.S. President Donald Trump has signed an executive order to eliminate “unnecessary regulations that impede economic recovery” following the coronavirus crisis. With this deregulation, government agencies are “encouraged to promote economic recovery through non-regulatory...
Tax Agents ‘Confiscate’ Bitcoin From Criminal but Keep the Coins in His Wallet
7.2.2020
The State Revenue Service of Latvia (SRS) has seized some bitcoins for the first time. The cryptocurrency, allegedly acquired through illegal means, is still being stored in the wallet set up by a criminal. Experts have expressed concerns about the risk of the money disappearing as officials...
Public Sale Is Live for Coin Powering Cypherpunk Pioneer David Chaum’s Privacy Focused Xx Network
5.2.2020
The Xx network is designed to allow people to communicate and exchange value without revealing any information to intrusive government agencies or companies that collect and sell personal data. It was created by Dr. David Chaum, a world-renowned cryptographer and privacy advocate. The public sale...
Crypto Is Part of Free Speech, and Free Speech Is Everything
29.7.2019
On July 23, U.S. Attorney General William Barr gave a speech demanding big players in the tech industry work with government agencies in providing backdoor entry points for encrypted devices and software. Per his reasoning, certain devices and messaging services pose a safety threat by providing...
How Government Agencies Make Criminals of Crypto Traders
26.7.2019
A New Jersey man has been indicted this week for converting over $2 million to bitcoin and operating a private exchange business not registered with the U.S. Secretary of the Treasury. According to a July 24 press release by the U.S. Attorney’s office, 46-year-old William Green could face...
Who Are the Real Thieves? Danish Authorities Seize 3 Ferraris in Tax Evasion Crackdown
8.7.2019
Last week Danish authorities seized three Ferraris belonging to a large Copenhagen-based business allegedly seeking to avoid VAT. With the largest bank in Denmark—Danske Bank—also being embroiled in a tax avoidance scandal last year, it seems timely to explore the common libertarian...
V20 Summit Concludes With Promises for Crypto Industry
30.6.2019
As the G20 leaders’ summit came to a close, the nearby V20 summit concluded with a set of promises for the crypto industry in response to the global crypto standards set by the Financial Action Task Force. A group of national crypto associations aims to engage with government agencies...