EU Securities Regulator Flags Risks of Big Tech’s Entry Into Financial Services

The EU’s financial regulator released a lengthy 2020 report, which includes the dangers of big tech companies entering finance. The European Union’s securities regulator has put out a report warning of risks of Big Tech’s entrance into finance.    “The high level of market concentration typically observed in BigTech may get carried into financial services, with […]

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Trump’s Proposed Budget Snubs Blockchain, Crypto in Crosshairs of Security Service

The Trump administration proposes boost to the Treasury’s capacity to police cryptocurrency space. Earlier this week, the word “cryptocurrency” made it to the text of one of the United States government’s most consequential strategic documents: the Trump administration’s budget proposal for the 2021 fiscal year. However, the budget does little to enhance blockchain-powered innovation, as it […]

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Boerse Stuttgart’s Crypto Custody Arm Blocknox Expands Service to Institutional Clients

Blocknox will expand its cryptocurrency custody service to institutional clients, including banks and fintech firms. Blocknox, a subsidiary of Boerse Stuttgart Digital Ventures GmbH that has provided cryptocurrency custody service on an escrow basis, is looking to expand the service to its institutional clients. Boerse Stuttgart revealed the plans in a Feb. 18 tweet, detailing […]

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Russian Central Bank Links Crypto Transactions With Money Laundering

Russia is updating its manual for detecting money laundering risks, simplifying it while adding a broad categorization of cryptocurrency exchange transactions as high risk. The Central Bank of Russia (CBR) published a new set of rules for suspicious transactions, Russian finance publication RBC reported on Feb. 17. The update broadly categorizes any cryptocurrency-linked transaction as […]

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