Many are calling for Donald Trump to grant clemency to the Silk Road founder before Trump leaves office on Jan. 20. With just 44 days before Joe Biden’s inauguration as President of the United States, players in the crypto space are imploring Donald Trump to use his pardoning power for Silk Road founder Ross Ulbricht. […]
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Potential customers in the U.S. are apparently holding off from using Ripple’s XRP-related services due to regulatory uncertainty. As Ripple reportedly prepares to relocate its headquarters outside of the United States, it turns out that only 5% of the company’s clients are based in the country, according to the firm’s CEO. On Dec. 2, Ripple […]
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Amid ongoing legal action from U.S. authorities, the company behind Bitmex — 100x — has announced a new CEO. 100x — the holding group for Bitmex’s parent company — has announced the appointment of a permanent new CEO in the wake of charges filed in Octob against the exchange’s co-founders, including former CEO of both […]
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AirBit Club’s leadership have been gathered in New York City and will face charges for stealing “membership dues” to finance massive marketing events and lavish personal lifestyles. Per a Monday announcement, the U.S. Department of Justice and the Southern District of New York have extradited a leader of alleged ponzi scheme AirBit Club from Panama. […]
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Intuit, which also owns TurboTax, can’t hold all the keys to consumer tax software, the DoJ says. Per an announcement and series of filings on Wednesday, the United States Department of Justice is calling shenanigans on Intuit’s ambitions, at least in part. Intuit owns a stable of user-facing finance software, including budgeting app Mint, digital do-it-yourself […]
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The level of freedoms that the U.S. has provides an argument for the country as the most crypto-friendly location, although Puerto Rico also has its benefits. As a burgeoning industry less than 13 years old, cryptocurrency has seen its fair share of regulatory crackdowns and changes, especially in the United States. Jake Yocom-Piatt, co-founder of […]
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DoJ is now determined to hold the crypto industry to cross-border enforcement standards that have long applied to other sectors of finance. In early October, the U.S. Department of Justice revealed its Cryptocurrency Enforcement Framework, a report laying bare the government’s vision for emerging threats and enforcement strategies in the cryptocurrency space. The document is […]
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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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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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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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