The Proof of Keys event raises questions over HitBTC, but questions also surrounds the event itself. Bitcoin celebrated its 10th birthday on Jan. 3, and in commemoration of this milestone, the very first Proof of Keys event was held. Organized by crypto investor and podcast host Trace Mayer, it urged cryptocurrency traders to withdraw their […]
Continue ReadingThe Gemini cryptocurrency exchange has launched a new ad campaign, in which it calls for better regulation of the crypto space. The Gemini cryptocurrency exchange founded by the Winklevoss twins in 2014 is calling for better regulation of the crypto space in a new ad campaign, the Wall Street Journal (WSJ) reports on Jan. 4. […]
Continue ReadingMorgan Stanley isn’t the only bank to have been fined recently for Anti-Money Laundering non-compliance. In 2018, barely a month passed without an official at a financial institution or government department calling on crypto to clean up its act. In the last quarter of the year alone, the United States Department of the Treasury, the […]
Continue ReadingA former senior employee at U.S. crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance. A former senior employee at United States crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance, according to the company’s official website Jan. 4. […]
Continue ReadingThe Irish Cabinet has approved stricter laws to deal with money laundering, including crypto use in funding terrorism. The Cabinet, the executive organ of the government of Ireland, has approved a bill that would give effect to the European Union (EU) Fifth Anti-Money Laundering (AML) Directive, the Irish Times reported Jan. 3. The directive — […]
Continue ReadingThe Proof of Keys event on Jan. 3 is essentially a bank run on centralized exchanges, which aims to reassert holder control over their crypto assets. The “Proof of Keys” event aimed against centralized exchanges is happening today, Jan. 3, spearheaded by Bitcoin (BTC) investor Trace Mayer. The Proof of Keys event is essentially a […]
Continue ReadingA representative of crypto exchange HitBTC told Cointelegraph that reported withdrawal blocks were part of international KYC and AML measures. Cryptocurrency exchange HitBTC has rejected allegations by some of the industry’s best-known figures that it was deliberately freezing user accounts, the company told Cointelegraph in an email Jan. 3. Responding to a request for comment, […]
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The Japanese Financial Services Agency has received 190 cryptocurrency exchange license applications. The Japanese Financial Services Agency (FSA) received 190 cryptocurrency exchange license applications, an unnamed FSA staff member told Cointelegraph Japan on Dec. 28. The FSA has given the local crypto industry self-regulatory status, certifying the Japanese Virtual Currency Exchange Association (JVCEA) to oversee […]
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The Italian securities regulator has prohibited the activity of “Avacrypto” for allegedly violating securities laws. The financial regulator of Italy has barred a cryptocurrency-related project from operations for the provision of allegedly unauthorized investment services, according to an official statement published Dec. 14. Founded in 1974, the Italian National Commission for Companies and the Stock […]
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A team that includes representatives from the central bank of Israel has published a formal request for information on Distributed Ledger Technology. A team that includes representatives from the Bank of Israel has issued a formal request for information about Distributed Ledger Technology (DLT), published on its website Dec. 18. The request — the goal […]
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