Following a guilty plea, a U.S. court has ordered a dark web drug dealer to give up over $150,000 in Bitcoin. A United States court has ordered Christopher Bania, who recently pleaded guilty to drug distribution, to give up almost 17 Bitcoin (BTC) — worth roughly $150,000 at press time. The plea, order and sentencing […]
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What’s the right approach to privacy that will allow crypto to best navigate regulation? Bitcoin (BTC) and cryptocurrencies are causing some confusion for regulators globally. Designed usually as peer-to-peer payment platforms, cryptocurrencies seek to improve trust, security and privacy by significantly reducing or eliminating third parties. However, by connecting users directly, cryptocurrencies make regulatory oversight […]
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Bitfinex argued that any allegation that Crypto Capital laundered any illicit funds upon request of Bitfinex is “categorically false.” Major global crypto exchange Bitfinex has called itself a “victim of a fraud” in response to the recent arrest of the president of Crypto Capital exchange. Bitfinex will continue to recover lost funds Following the arrest […]
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Major crypto markets are forced to delist privacy coins as per FATF requirements, is it counterproductive or a step in the right direction? As Japan and South Korea — two of the largest cryptocurrency exchange markets in Asia — are increasingly pressuring exchanges to delist privacy-focused crypto assets, and concerns are rising that it could […]
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Polish authorities arrest the president of controversial Panama-based payments processor Crypto Capital tied to Bitfinex and other cryptocurrency exchanges. Ivan Manuel Molina Lee, the president of controversial Panama-based payments processor Crypto Capital tied to Bitfinex and other major cryptocurrency exchanges, was arrested by Polish authorities. According to local news outlet wPolityce’s report published on Oct. […]
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The country that tried to ban Bitcoin in 2013 is now home to some of the world’s most permissive ICO regulations. After initially seeking to ban Bitcoin in 2013, Thailand has since developed a permissive regulatory apparatus for digital currencies and cryptocurrency fundraising methods. Thai financial services firm Seamico Securities recently announced that it has […]
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In his latest comments to Facebook CEO Mark Zuckerberg, the infamously anti-Bitcoin California congressman admitted cryptocurrency had a chance of succeeding. The United States congressman who said the country should ban cryptocurrency returned to publicly slating the phenomenon this week. Sherman: Crypto could “achieve its objectives” During the latest hearing over Facebook’s Libra digital currency […]
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The U.S. Department of the Treasury said it will monitor Facebook’s Libra stablecoin and associated wallet Calibra following a letter from Rep. Emanuel Cleaver. The United States Department of the Treasury has agreed to the need for an investigation into Facebook’s forthcoming Libra stablecoin following a letter from Representative Emanuel Cleaver. Per a press release […]
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Bank of Lithuania has selected IBM and IT services firm Tieto as the finalists for its blockchain platform dubbed LBChain. Lithuania’s central bank, Bank of Lithuania, has selected technology behemoth IBM and IT services firm Tieto as the finalists contending to develop its blockchain platform. Financial technology news outlet FintechFutures reported on the contest’s developments […]
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A draft bill has surfaced in U.S. Congress that claims that all managed stablecoins must be seen as investment contracts and therefore as securities. United States Congress is considering a draft bill that claims all managed stablecoins must be seen as investment contracts and therefore as securities. Libra in the United States The U.S. Representative […]
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