A working paper raises concerns about a run on the banks in times of financial instability, with tiered interest rates proposed as a solution. The European Central Bank (ECB) remains open to the idea of a digital euro equivalent but would want to stop citizens holding too much of it. That was the conclusion of […]
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An overview of the stances of the U.S., countries of Western Europe and the Pacific Rim toward crypto regulation. In 2019, we witnessed crypto regulations leave the domain of stuffy legal pontification and enter the realm of geopolitics (as a stuffy legal pontificator, I have mixed feelings about this). We saw President Trump tweet about […]
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The basket of assets backing Facebook’s Libra stablecoin needs to change for the project to be accepted by regulators, according to Switzerland’s President. The basket of assets backing Facebook’s Libra stablecoin needs to change in order for the project to be accepted by regulators, according to Switzerland’s President. “Central banks will not accept the basket […]
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Crypto exchange Poloniex announced a new account tier allowing for up to $10,000 in daily withdrawals that only requires an email address and password. Cryptocurrency exchange Poloniex announced a new account tier — dubbed Level 1 — allowing for up to $10,000 in daily withdrawals without requiring full Know Your Client (KYC) onboarding. According to […]
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Commenting on cryptocurrency policy, a Federal Reserve governor highlighted a single study claiming thata only half of Bitcoin payments are above board. A member of the United States Federal Reserve’s board of governors appears to believe that one in four people who use Bitcoin (BTC) are criminals. In a panel speech honoring Benoît Coeuré, a […]
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New legislation called 5AMLD places crypto firmly under the EU’s regulatory umbrella. The deadline is rapidly approaching. 5AMLD — the Fifth Anti-Money Laundering Directive — is a piece of legislation that brings fiat-to-crypto exchanges and custodial wallets across the European Union under a new first-of-its-kind regulatory framework. Exchanges must achieve compliance with the rules by […]
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ISIS experiments with blockchain-based messaging app BCM to share videos and propaganda after being banned from Telegram. Terrorist organization ISIS has turned to blockchain technology to anonymously spread videos and propaganda to thousands of people worldwide. A Vice report on Dec. 13th noted that experts who track ISIS’s activities online have found that supporters of […]
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Recent research from the European Central Bank showed that it is possible to develop a central bank digital currency payment system that protects user privacy. Recent research by the European Central Bank (ECB) claims that it is possible to develop a central bank digital currency (CBDC) payment system that protects user privacy. Per the report […]
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Two more European cryptocurrency firms shut down because of the upcoming EU Anti-Money Laundering rules. After BottlePay’s shutdown announcement last week, two more European cryptocurrency firms have shut down because of the upcoming Anti-Money Laundering (AML) rules in the European Union. Online crypto gaming platform ChopCoin and mining pool Simplecoin both announced that they are […]
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Recently funded social media Bitcoin transfer service, Bottle Pay, is shutting down citing new AML regulation in the EU as the reason. The Bottle Pay service, which allowed users to send Bitcoin (BTC) via social media accounts, announced on Dec. 13 that it would be shutting down due to Anti-Money Laundering (AML) regulations. Funds will […]
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