Morgan Stanley isn’t the only bank to have been fined recently for Anti-Money Laundering non-compliance. In 2018, barely a month passed without an official at a financial institution or government department calling on crypto to clean up its act. In the last quarter of the year alone, the United States Department of the Treasury, the […]
Continue ReadingThe Reserve Bank of India issues its annual financial report, stating that cryptocurrencies pose no threat to the financial industry. The Reserve Bank of India (RBI) has stated that cryptocurrencies currently pose no threat to financial stability in its recent financial report, published Dec. 28. The document entitled “Report on Trend and Progress of Banking […]
Continue ReadingAll major cryptocurrencies are seeing some further corrections today, Bitcoin hovers around $3,800. Friday, Jan. 3 — after crypto markets tipped back into red yesterday, most cryptocurrencies are today seeing some further corrections. All of the top twenty coins by market cap are seeing tempered losses on the day, as data from CoinMarketCap shows. Top […]
Continue ReadingA former senior employee at U.S. crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance. A former senior employee at United States crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance, according to the company’s official website Jan. 4. […]
Continue ReadingCrypto finance firm Circle reported a notional trade volume of $24 billion in 2018 at its over-the-counter trading desk. The over-the-counter (OTC) trading desk at cryptocurrency finance firm Circle had a notional volume of $24 billion in 2018, according to an official Medium blog post on Jan. 3. Per the statement, Circle executed 10,000 […]
Continue ReadingBitcoin ATM producer Lamassu has moved to the Swiss canton of Lucerne due to regulatory difficulties in other countries. Bitcoin (BTC) automated teller machine (ATM) manufacturer Lamassu has moved to Switzerland due to regulatory difficulties in other countries, according to a blog post published Jan. 1. Lamassu — now called Lamassu Industries AG — has […]
Continue ReadingThe Irish Cabinet has approved stricter laws to deal with money laundering, including crypto use in funding terrorism. The Cabinet, the executive organ of the government of Ireland, has approved a bill that would give effect to the European Union (EU) Fifth Anti-Money Laundering (AML) Directive, the Irish Times reported Jan. 3. The directive — […]
Continue ReadingCryptocurrency exchange OKEx has added perpetual swap contracts for 7 additional crypto assets, in addition to BTC/USD. Major cryptocurrency exchange OKEx has added multiple new crypto derivative pairs to its platform, according to a press release shared with Cointelegraph Jan. 3. As Cointelegraph reported in late December, the exchange first launched a derivative product called […]
Continue ReadingThe Proof of Keys event on Jan. 3 is essentially a bank run on centralized exchanges, which aims to reassert holder control over their crypto assets. The “Proof of Keys” event aimed against centralized exchanges is happening today, Jan. 3, spearheaded by Bitcoin (BTC) investor Trace Mayer. The Proof of Keys event is essentially a […]
Continue ReadingCrypto markets have dipped back into the red, with most of the top twenty cryptocurrencies by market cap seeing losses capped below 6 percent. Thursday, Jan. 3 — after some positive inklings of growth earlier this week, crypto markets have today dipped back into the red, with most of the top twenty cryptocurrencies by market […]
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