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40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law
11.2.2020
More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law. News.Bitcoin.com reached out to the regulator for some more information. The law, which went into...
312 Crypto Exchanges Registered in Australia, Regulator Confirms
10.2.2020
A growing number of cryptocurrency exchanges have been registered with Australia’s crypto regulator. A spokesperson for the government agency overseeing the crypto industry confirmed to news.Bitcoin.com on Monday that the regulator has already registered 312 crypto exchanges. Also read:...
Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force
29.1.2020
The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators...
RBI Did No Research Before Anti-Crypto Directive: RTI Reply
23.1.2020
The response to a Right to Information (RTI) request has shown that the Reserve Bank of India (RBI) is not privy to the nuances of cryptocurrencies and that it did not form any internal committees or working groups for the purpose of studying the merits and detrimental effects of Virtual Currencies...
Cypherpunk Bitstream Hosts Share Importance of Payments, Dropgangs, and ‘Meatspace’ Allies
20.1.2020
The Cypherpunk Bitstream podcast is a relatively new program that’s just released its fourth episode. The hosts, known as Frank Braun and The Real Smuggler, are so-called ‘privacy extremists’ and dyed-in-the-wool crypto-anarchists concerned with exposing cypherpunk ethos to...
Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage Crime
16.1.2020
Thanks to the EU’s most recent money laundering directive, a small business called Post-a-coin, which sold cute postcards pre-loaded with tiny amounts of bitcoin, is being forced to shut down. Meanwhile, the most heinous criminals in history are continuing to facilitate violence, trafficking...
Dish Network Files Patent For Blockchain-Based Anti-Piracy System
13.1.2020
The satellite TV firm's newly published patent application details a means to combat online piracy using blockchain
With New Regulations, Europe’s Crypto Companies May Be Running Out of Options
13.1.2020
European crypto companies are finding themselves in a changing regulatory environment. The new realities they have to deal with stem from the fifth edition of the European Union’s anti-money laundering directive. AMLD5 introduces stricter customer due diligence requirements and some in...
EU Countries Commence Crypto Regulations as Mandated by New Directive
11.1.2020
The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs...
What The 5th Anti-Money Laundering Directive Means For Crypto Businesses
10.1.2020
As 5AMLD comes into effect, cryptocurrency service providers are on the hook for new regulations
European Crypto Firms Brace for Higher Costs as AMLD5 Takes Effect
10.1.2020
A strict new regulatory regime is dawning upon European firms handling cryptocurrency. Here’s what AMLD5 will mean for the industry
HSBC Closes 2 Branches Following New Protests in Hong Kong
3.1.2020
HSBC had two of its Hong Kong branches closed on Jan. 2, the first working day of the year, following attacks by protesters during the latest anti-government demonstrations on New Year’s Day. The banking giant also closed seven indoor ATM clusters and announced on Friday it will suspend...
Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases
27.12.2019
Reports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set...
Mnuchin Affirms $1.5 Trillion Unaccounted For, Still Demands Strict Bitcoin Regulation
23.12.2019
U.S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1.5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.” The famously anti-bitcoin U.S. official noted that “there’s a lot...
Anti-Human Trafficking Intelligence Agency Traces Cryptocurrency to Fight Modern-Day Slavery
20.12.2019
CipherTrace announces partnership with ATII to combat human trafficking using crypto analytics
Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches
18.12.2019
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one...
Mining Pool Simplecoin and Interactive Faucet Chopcoin Shut Down Due to EU Regulations
17.12.2019
Like crypto payments provider Bottle Pay, mining pool Simplecoin and interactive bitcoin faucet Chopcoin are shutting down in light of restrictions imposed by EU anti-money laundering legislation, AMLD5. Simplecoin co-founder Marvin Janssen addressed Telegram users last month saying “We...
Bill Gates Echoed His Concerns About Anti-globalization With New Firmness
9.12.2019
Globalization has taken a prime spot in the global geo-political scenario in the last few years. The whole world seems to have taken an inward view and many developed nations like the U.S., Britain, and the European Union have normalized the anti-globalization norms through electoral intent....
The Politics of Destruction
6.12.2019
For some time now, I have been aware of a widespread fascination among many libertarians with Jim Bell’s “Assassination Politics” (AP). At my request, Robert Vroman has defended the merits of AP. In this article, I will argue that AP is just about the single worst idea that...
Fincen Director: US to Impose Strict Anti-money Laundering Rules on Crypto Exchanges
16.11.2019
Kenneth Blanco, director of the FinCEN (Financial Crimes Enforcement Network), said recently that the rules would be strictly imposed by the U.S. government that require the firms engaged in cryptocurrency money service businesses, to share data about their customers. As a part of anti-money...