Search
Square’s Jack Dorsey Hits Out at FinCEN’s ‘Burdensome’ Proposed Crypto Wallet Rules
5.1.2021
"The burdensome information collection and reporting requirements deprive U.S. companies like Square of the chance to compete on a level playing field," Dorsey said
Colombian Financial Watchdog Says Local Firms Can Use Capital to Buy Bitcoin
5.1.2021
The Superintendency of Corporations in Colombia has explained in an official note that companies in the country are legally allowed to buy cryptocurrencies, specifically bitcoin (BTC), to inject capital as long as they abide by local regulations. Colombian Watchdog: Local Firms Can Use Capital...
US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins
5.1.2021
Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday
Crypto users donate $400K to Julian Assange defense as Mexico proposes asylum
4.1.2021
A U.K. judge ruled against extraditing the WikiLeaks founder to the U.S. in response to his legal team arguing he would have a "high risk of serious depression leading to suicide."
Economics Professor Tyler Cowen Says Cryptos Useful as Hedges or Forms of Payments – ‘Not Both’
4.1.2021
Tyler Cowen, an economist and professor at George Mason University, has suggested that the key use cases of cryptocurrencies are mutually exclusive. He argues that cryptos can either be important inflation hedging tools or useful forms of payment but not both. The Regulation Threat The professor...
We Don’t Need a New Regulator to Have Better Crypto Regulation
4.1.2021
Contrary to popular wisdom, the U.S.' distributed regulatory structure is good for digital assets in the long run
Julian Assange’s Extradition to US Blocked Over Mental Health Concerns
4.1.2021
A judge at the U.K.'s Central Criminal Court ruled Monday that there would be a "high risk" of suicide if Assange was sent to face charges in the U.S
Ukraine Government Picks Stellar to Help Build National Digital Currency
4.1.2021
The Stellar Development Foundation's work with Ukraine's government to digitize the hryvnia will officially launch this month
Shenzhen to Double Digital Yuan Giveaway in China’s Latest Lottery Test
4.1.2021
The latest digital currency giveaway is aimed to gauge user experience ahead of an expected launch
Cannabis Dealer Forfeits $3 Million in Bitcoin — 6,000 More BTC Still Missing
4.1.2021
A cannabis dealer has forfeited bitcoins worth about $3 million after they were seized by the Irish Criminal Assets Bureau. However, a bigger stash of 6,000 bitcoins belonging to him, worth about $200 million at the current price, are still inaccessible to the bureau. Irish Authority Sold Seized...
Miami’s Mayor Considers Putting Some of City’s Treasury Reserves in Bitcoin
4.1.2021
Miami Mayor Francis Suarez is exploring putting a percentage of his city’s treasury reserves in bitcoin. Miami is currently working on accepting the cryptocurrency as a means of payment for city services and taxes. The mayor believes that “Bitcoin has been a stable investment during...
Rep. Soto seeks to create office to 'coordinate' Federal use of blockchain tech
3.1.2021
The dedicated office would oversee "all non-defense related deployment and activities related to blockchain technology within the Federal Government.”
FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges
1.1.2021
The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets. FinCEN’s New Crypto Rules FinCEN,...
183 Violations: US Government Fines Bitgo for Allowing Users to Bypass Sanctions With Cryptocurrency
1.1.2021
The U.S. Office of Foreign Assets Control has fined Bitgo for failing to prevent users in sanctioned countries from using its crypto wallet service. The agency says Bitgo processed 183 cryptocurrency transactions that were “apparent violations of multiple sanctions programs.”...
FinCEN is now interested in offshore crypto holdings, proposes new regulation
1.1.2021
Eleventh hour note announces intention to propose a change in Foreign Bank and Financial Accounts regulations
South African Court Grants Order to Liquidate Mirror Trading International After Investors Fail to Withdraw Their BTC
1.1.2021
A South African High Court recently granted a provisional liquidation order against Mirror Trading International (MTI) following an application for relief by two investors who failed to withdraw their bitcoin. According to a statement released by lawyers of one of the aggrieved investors, this...
FinCEN Wants US Citizens to Disclose Offshore Crypto Holdings of $10K+
31.12.2020
The Financial Crimes Enforcement Network wants U.S. persons who hold crypto in offshore accounts to report holdings over $10,000
Did Bitcoin prove itself to be a reliable store of value in 2020? Experts answer
31.12.2020
Experts in blockchain technology and crypto take on the question of Bitcoin’s path throughout the year 2020
Vaneck Files New Bitcoin ETF Proposal With SEC Under New Administration
31.12.2020
After successfully launched a bitcoin exchange-traded product in Europe, Vaneck has now filed a new proposal for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Under former chairman Jay Clayton, the SEC never approved a bitcoin ETF. However, Clayton...
Proposed FinCen Rule on Crypto Wallets Would Likely Be Ineffective, Elliptic Says
31.12.2020
In its public response to the US Treasury Department’s proposed rule, the blockchain analytics firm has argued that they are likely to be ineffective and counterproductive