With the e-Hryvnia pilot testing successfully over, the Ukrainian government is making a concerted effort to engage in the crypto-adoption race. At a press conference held on Feb. 21, a representative for the National Bank of Ukraine released the results of its much-hyped central bank digital currency project called the e-Hryvnia. However, the banking institution […]
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Hong Kong and Abu Dhabi are the latest jurisdictions to amend their crypto regulations in light of the FATF’s recommendations. On Feb. 26, Hong Kong’s financial secretary Paul Chan stated that his administration will strengthen its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies regarding cryptocurrencies. In his recent budget speech, Chan indicated that the […]
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Central banks should develop a deeper understanding of the consequences of issuing a digital currency, according to a Bank of Japan official. Central banks should develop a deeper understanding of the consequences of issuing a digital currency, according to a Bank of Japan official. According to Reuters on Feb. 27, Bank of Japan Deputy Governor […]
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In implementing new Anti-Money Laundering policies, many countries automatically treat crypto transactions as high-risk. Recently, financial regulators around the world have been growing concerned about the role of cryptocurrency in money laundering and financing of various illicit activities. The first two months of 2020 saw many governments acting on these concerns and introducing a variety […]
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A former employee at Microsoft has been found guilty of 18 federal felonies in connection with a complex scheme to embezzle $10 million using cryptocurrency. A former employee at Microsoft has been found guilty of 18 federal felonies in connection with a complex scheme to embezzle $10 million using cryptocurrency. The man — a 25-year […]
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Coinbase is the first crypto company to become a principal partner of the payments giant. Will crypto debit cards soon become commonplace? On Feb. 19, Coinbase announced that it has become a principal member of Visa. In an apparent first for the cryptocurrency industry, the firm is now able to issue debit cards without having […]
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Find out how to sign a partnership agreement using blockchain and how to manage cryptoassets and fiat revenue. What should be written in a partnership agreement, and how should a general partnership be run? How can an agreement be concluded remotely using the blockchain? Four business models to manage cryptocurrency and cash flows are outlined […]
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Nigma Conseil and the Austrian Institute of Technology joined forces to provide an alternative blockchain forensics platform, offering compliance for AML and KYC. The French cybersecurity company Nigma Conseil and the Austrian Institute of Technology (AIT) have revealed to have collaborated on developing a new blockchain forensics tool. The agreement was signed on Feb. 25 […]
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The fourth-wealthiest person in the world doesn’t think cryptocurrencies have anything to offer. “Cryptocurrencies basically have no value,” Warren Buffett said in an interview on Monday. Speaking to CNBC reporter Becky Quick on Feb. 24, the fourth-wealthiest person in the world discussed his impression of Bitcoin following a fundraiser. In attendance was Justin Sun, CEO […]
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A New Jersey lawmaker files a bill for new regulations in the virtual currency industry. New Jersey just became one of the first states to propose legislation around crypto companies. According to a new bill, cryptocurrency businesses must now obtain a proper license to operate. Assemblywoman Yvonne Lopez proposed the Digital Asset and Blockchain Technology […]
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