The Baltic nation’s finance ministry will prepare new rules in line with EU directives on anti-money laundering. Lithuania is preparing new rules to govern cryptocurrency transactions, requiring businesses to prove the identity of clients, local daily news outlet Delfi reported on June 12. As part of its obligations to impose European Union anti-money laundering (AML) […]
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India is hit with its latest wave of speculations, as rumors of a full crypto ban emerge, yet remain unconfirmed by its reserve bank. Those who mine, trade or own cryptocurrency in India are currently on the edge of their seats, as rumors keep swirling around a draft regulation called the Banning Cryptocurrencies and Regulation […]
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Nonprofit crypto advocacy center Coin Center has urged Her Majesty’s Treasury not to over-broaden the scope of the U.K.’s anti-money laundering regulations Coin Center — a nonprofit research and advocacy center focused on crypto-related public policy issues — has urged Her Majesty’s Treasury not to over-broaden the scope of the United Kingdom’s anti-money laundering/counter terrorism […]
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San Marino officials have issued a governmental decree setting forth regulations for blockchain in business, seeking to provide regulatory certainty for ICOs. The captains regent of the Republic of San Marino, Nicola Selva and Michele Muratori, have issued a governmental decree on blockchain tech for businesses, according to a recent document. The new decree outlines […]
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The EU hopes the relaxed rules will boost the economy and give firms the data they need to innovate. The European Union is increasing the amount of data that can be reused as raw material for artificial intelligence and blockchain projects, the trading bloc announced in a news release on June 6. Officials hope the relaxed rules will “boost […]
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Peer-to-peer bitcoin trading platform LocalBitcoins removes in-person cash deals — what does that mean for the future of cash trades? On June 1, Finnish peer-to-peer (p2p) bitcoin (BTC) trading platform LocalBitcoins quietly removed in-person cash trading from its service. Three days later, the company publicly confirmed the ban on Twitter. As per the accompanying statement, […]
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A letter to member states highlights concerns over the growth in cryptocurrency activity versus law enforcement power. The European Union has told Malta it needs to improve the resources it has to fight potential financial crime as a result of cryptocurrency popularity, local daily news outlet Malta Today reported on June 5. In a letter […]
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As executives keep quiet on the move, a competitor suspended fees for cash meetups, accusing LocalBitcoins of participating in the “war on cash.” Finnish P2P bitcoin (BTC) trading platform LocalBitcoins has kept silent after users reported it had removed cash trading from its service on June 1. LocalBitcoins, which allows users to trade BTC for […]
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An ultimate guide to tokenization, one of crypto’s hottest buzzwords. Can a tokenized economy actually become a reality? It is a fair assumption, and — as described above — there are signs to suggest an industry is emerging. Yes, the regulatory frameworks should be adjusted, if not for all the countries on the planet but […]
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The blockchain project will present the results of a successful trial in the U.K., Estonia and Norway. A blockchain project developed to safeguard the integrity and accessibility of digital government records of national archives worldwide will soon present the results of a successful trial deployment in the United Kingdom, Estonia and Norway. The news was […]
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