US Treasury: Non-Compliant Fintechs Won’t Survive the War on Terror

United States Treasury undersecretary Sigal Mandelker says that cryptocurrencies could become the next frontier in the war on terror. United States Treasury undersecretary Sigal Mandelker stated that cryptocurrencies could become “the next frontier” in the war on terrorism. According to a press release published on the U.S. Treasury’s website on Sept. 11, Mandelker made her […]

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US Treasury Sanctions North Korean Hacker Groups for Cyber Attacks

The U.S. announces further sanctions against three North Korean state-sponsored hacker groups, responsible for North Korea’s malicious cyber activities. The United States Treasury Department announced further sanctions against three North Korean state-sponsored hacker groups, responsible for “North Korea’s malicious cyber activity on critical infrastructure.” Continue to enforce existing U.S. and U.N. sanctions against North Korea […]

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Switzerland Open to International Cooperation on Libra, Says Watchdog

Switzerland’s financial watchdog says it is open to international cooperation and oversight of the way in which it regulates Facebook’s planned cryptocurrency network. Switzerland’s financial watchdog says it is open to international cooperation and oversight of the way in which it regulates Facebook’s planned cryptocurrency network.  In a Sept. 12 interview with Neue Zürcher Zeitung […]

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3 Key Takeaways From Switzerland’s New Stablecoin Guidelines

Switzerland’s financial watchdog has published stablecoin guidelines as well as an overview of its approach to Facebook’s proposed Libra payments network. Switzerland’s Financial Market Supervisory Authority (FINMA) has published a stablecoin-focused supplement to its existing guidelines for initial coin offerings (ICOs). In a news release published on Sept. 11, FINMA takes note of the steadily […]

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Libra Association Seeks Swiss Payments License for Facebook’s Crypto

Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned Libra stablecoin network. Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11.  “Regulated, low-friction, high-security” blockchain payments In an official statement today, the […]

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Startup Finds and Patches Vulnerability in Code for Facebook’s Libra

OpenZeppelin, a third-party audit firm specializing in cryptocurrency, has discovered and patched a vulnerability in the open-source code of Facebook’s Libra. Developers working for startup OpenZeppelin, a third-party audit firm specializing in cryptocurrency, have discovered and patched a vulnerability in Facebook’s Libra’s open-source code. The problem According to an article by Coindesk on Sept. 10, […]

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Libra Must Comply with Anti-Money Laundering Standards: US Treasury

United States Treasury official Sigal Mandelker said that Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering and terrorism financing norms. Facebook’s Libra stablecoin must meet the highest Anti-Money Laundering (AML) and terrorism financing standards, according to United States Treasury Under Secretary of Terrorism and Financial Intelligence Sigal Mandelker. Major business news outlet Reuters reported […]

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