The end of the U.S. federal government’s fiscal year brought a cascade of major announcements from agencies. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note In a tweet late last night, President Trump said that he and Melania had tested positive for […]
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A society without paper money might be a less equitable society. Those lacking digital connectivity would suffer. In Sweden, cash in circulation represents only 1% of the country’s gross domestic product, and some experts predict the nation will go “totally cashless” by 2023. In China’s largest cities, over 90% of people use WeChat Pay and […]
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Charges against BitMEX for weak AML and KYC policies could be bad news for the world of decentralized finance In the aftermath of criminal charges against BitMEX, the crypto community is debating whether the decentralized finance sector is also set to face the wrath of regulators. On Oct 1, the U.S. Commodity Futures Trading Commission […]
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Bitcoin price declined by 4% after the CFTC revealed charges against BitMEX but BTC remains bullish in the long term. Within the last few hours Bitcoin (BTC) price plummeted as the U.S. Commodities and Futures Trading Commission (CFTC) charged BitMEX with facilitating money laundering and operating an illegal cryptocurrency derivatives exchange. An even larger shock occurred […]
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Bermuda continues to welcome fresh wave of crypto exchanges on the island. Crypto exchange Bittrex Global received the green light from Bermuda’s financial watchdog to run its operations under the supervision of local authorities. According to the official announcement, the company got a full “Class F Digital Assets Business Act” license from the Bermuda Monetary […]
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Malware payouts from insurance companies pose a threat to U.S. national security. Two offices of the U.S. Department of the Treasury have issued advisories on ransomware payouts, which they say pose a threat to national security. The Financial Crimes Enforcement Network or FinCen reminded cryptocurrency processing companies of their duty to file suspicious activity reports when […]
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If the mission is to create economic freedom for Coinbase’s CEO, he’s taking all the right steps. You can tell from Brian Armstrong’s opening words that he’s a numbers guy. “There have been a lot of difficult events in the world this year,” understated the Coinbase CEO in announcing that forthwith, the largest cryptocurrency exchange […]
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Australia’s Prime Minister has announced the Federal Government’s biggest investment in blockchain to-date, with two pilots set to receive almost $5 million. The Australian government this week unveiled its $574 million Digital Business Plan that includes seven-figure grants for distributed ledger technology initiatives. Announced by Prime Minister Scott Morrison ahead of next week’s Federal Government […]
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This potential move will swap the native AGI token from ERC20 to Cardano SingularityNET, the AI company behind the expressive robot Sophia, is “seriously discussing” a migration from Ethereum to Cardano, after announcing a collaboration with IOHK. IOHK is run by the founder of Cardano, Charles Hoskinson, and drives the development of the blockchain platform. […]
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The IRS has named the winners of its bounty program to track transactions on privacy tokens and layer-2 protocols. On Wednesday, the IRS awarded two $625,000 contracts looking for tracing tools for privacy token Monero and Layer 2 protocols. The winners were blockchain analytics firms Chainalysis and Integra FEC. The IRS initially publicized its quest […]
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