Cyprus Securities Regulator Calls for Adoption of EU Anti-Money Laundering Framework

Cyprus’ securities regulator is calling for the transposition of an extended version of the European Union’s Fifth Anti-Money Laundering Directive into national law. The Cyprus Securities and Exchange Commission (CySEC) is calling for the transposition of the European Union (EU)’s Fifth Anti-Money Laundering (AML) Directive (AMLD5) into national law — bringing local regulation of cryptocurrencies […]

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Payment Processor Netpay to Integrate Blockchain-Based Tool: Report

Payment gateway service Netpay International partnered with Israeli firm BNC LedgerTech to integrate blockchain, according to Finance Magnates. Major global online payments firm Netpay International has partnered with Israeli firm BNC LedgerTech to integrate blockchain into its services, Finance Magnates reported on Feb. 12. Netpay International will reportedly become the fourth fintech firm to use […]

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Bank of Spain Warns Citizens Against Crypto Given Lack of Local Regulations

Spain’s central bank has issued a reminder to citizens warning of the risks involved in transacting unregulated cryptocurrencies. Spain’s central bank has issued a reminder to citizens warning of the risks involved in transacting unregulated cryptocurrencies. The Bank of Spain’s notice, issued Feb. 10, followed an official blog post published two days earlier, which had […]

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Smart Contracts Are No Problem for the World’s Legal Systems, so Long as They Behave Like Legal Contracts

Smart contracts are no problem for international law, but only when they behave like legal contracts. Cryptocurrencies have been a headache (if not a nightmare) for the law. Ever since Ross Ulbricht launched the Silk Road online marketplace in February 2011, Bitcoin and its ilk have been disrupting the ability of authorities to police the […]

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US Crypto Exchange Coinbase Launches Paypal Withdrawals Support for EU Users

Coinbase is launching support for European Union residents to make fiat currency withdrawals to online payment system PayPal. Major United States crypto exchange and wallet provider Coinbase is launching support for European Union residents to make fiat currency withdrawals to online payment system PayPal. The development was announced in an official blog post published on […]

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Malta’s Regulatory Framework Has Attracted Crypto Players, but International Watchdogs and Local Opposition Are Skeptical

The International Monetary Fund claimed that the growth of blockchain in Malta has created major risks of money laundering. Last week, the International Monetary Fund (IMF) claimed that the growth of blockchain in Malta has created major risks of money laundering and terrorism financing in the island’s economy, as per the local media. Malta is […]

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Local Media: Iran Reportedly in Talks With 8 Countries to Use Crypto Transactions

Iran is reportedly in negotiations with eight countries to use cryptocurrencies for international transactions. Iran is reportedly negotiating with eight countries to carry out financial transactions in cryptocurrency, local daily newspaper Tehran Times reports on Monday, Jan. 28. According to the article, Iran has already entered negotiations with Switzerland, South Africa, France, the United Kingdom, […]

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Payment Services Provider Aliant Introduces Free Crypto Processing to Some Merchants

U.S. firm Aliant Payments will provide free crypto processing services to qualified U.S. and EU merchants. United States merchant services provider and payment processing firm Aliant Payments has announced it will offer free crypto transaction processing to some merchants, according to a press release Jan. 29. Aliant’s crypto processing product for merchants, dubbed CryptoBucks, was […]

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