As everyone waits on new KYC and AML regulators, many speak out to keep unhosted wallets free of controls. Major players in U.S. crypto lobbying are coming out in defense of non-custodial wallets. On Tuesday, the Blockchain Association released a new report presenting policy options for self-hosted wallets to regulators. On Wednesday, Coin Center published […]
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Unique in Europe, the Dutch central bank now requires Bitcoin exchanges to prove that their users actually control their withdrawal addresses. Bitconic, a Netherlands-based Bitcoin (BTC) exchange, has informed its users that they now need to comply with a new verification measure in order to continue to use their services. The change comes following new […]
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The delisting of Dash and Zcash has some wondering about the future of privacy coins on major exchanges. It shouldn’t come as a surprise that regulators are starting to pay close attention to cryptocurrencies this year. For instance, as the price of Bitcoin (BTC) continues to soar, it’s predicted that regulators will start taking direct […]
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David Lewis, executive secretary and G20 deputy at the Financial Action Task Force, says crypto firms still have a long way to go before they’re compliant. In 2019, the Financial Action Task Force asked jurisdictions worldwide to adopt its regulatory guidelines for virtual assets. At the V20 conference today, held online, David Lewis—executive secretary and G20 deputy […]
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Do the new safe harbors against integration pave the way for a successful SAFT process? Earlier this year, the United States Securities and Exchange Commission — in both the SEC versus Telegram and SEC versus Kik cases — vigorously argued that sales of contractual rights to acquire tokens on a when-issued basis (widely referred to […]
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A Bitcoin whale placed a $100 million short on Nov. 15 after various on-chain data hints at a whale-induced BTC sell-off throughout the past week. A Bitcoin (BTC) whale placed a $100 million short on Bybit, according to the pseudonyms trader CL. It comes after various on-chain data points toward a whale-driven sell-off throughout the […]
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Connecting DeFi with traditional financial instruments will give a massive boost to the whole market. With over $13 billion in total value locked, decentralized finance has truly shaken the crypto world in the last year. It has provided a new way to profit from the crypto market. Meanwhile, DeFi right now is only a niche […]
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In the U.S., all eyes are on Joe Biden’s planned appointees, while Europe is seeing progress under a new AML regime. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note In the United States, as President Donald Trump stonewalls any efforts at transitioning […]
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Chinese crypto miners migrate seasonally from the southern regions in search of cheaper electricity. But is it always due to the climate? The behavior of crypto market participants often depends on political and economic factors: the price of crypto assets, regulations in a specific country, or political events. For Chinese miners, however, the factors differ […]
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New technology will help screen out bad actors, BitMEX says. BitMEX, one of the world’s biggest Bitcoin (BTC) trading platforms, continues to strengthen its Anti-Money Laundering measures in the aftermath of criminal charges in the United States. According to a Nov. 12 blog post, BitMEX has partnered with software and compliance firm Eventus Systems to […]
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