Having trumped up the risks of unregulated cryptocurrencies earlier this year, Dutch bank ABN AMRO finds itself in the midst of a major alleged money laundering scandal. Having trumped up the risks of unregulated cryptocurrencies earlier this year, Dutch bank ABN Amro NV finds itself in the midst of a major money-laundering scandal. On Sept. […]
Continue Reading
Policymakers and central banks should respond to challenges that Libra wants to solve, an ECB official says. Facebook’s Libra has pushed central banks to consider two major issues in global payment systems, an exec at the European Central Bank (ECB) said. Benoit Coeure provided his remarks at a hearing at the Committee on the Digital […]
Continue Reading
The United States Congress passed a bill that calls for the director of FinCEN to study blockchain in its fight against financial crime. The United States House of Representatives has passed a bill that calls for the Financial Crimes Enforcement Network (FinCEN) to study blockchain technology in its fight against financial crime. On Sept. 19, […]
Continue Reading
Multiple EU politicians are calling for a united European digital currency to counter Facebook’s stablecoin project Libra. The ripples of the Libra effect are beginning to lap against the shores of Europe, with French Finance Minister Bruno Le Maire suggesting that Europe should throw its hat into the ring and launch its own digital currency. […]
Continue Reading
Ex-CEO of UBS and board member of one of Switzerland’s first licensed crypto banks, says the traditional banking industry is starting to take note. Peter Wuffli — the former CEO of major Swiss multinational investment bank UBS — says the advent of new, regulated actors in crypto is drawing the attention of big-name banks. Wuffli […]
Continue Reading
Developers are still keen on removing BIP70 from the Bitcoin Core client altogether, they reveal. Cryptocurrency payment processor BitPay may soon find it harder to do business as developers plan to remove support for the way it creates payment addresses. BitPay address support may disappear from Bitcoin In a GitHub discussion about the future 0.19.0 […]
Continue Reading
Wesley Snipes plans on tokenizing his future movies, but how prevalent is tokenization in film, and can it disrupt traditional funding? As the world of finance continues adapting to contemporary innovations, it almost cannot help but drag other industries along for the ride — willingly or otherwise. Film is one such sector currently undergoing a […]
Continue Reading
South Korean exchange UpBit has announced the delisting of certain privacy coins, citing money laundering concerns South Korean cryptocurrency exchange Upbit announced that it will cease trading support for six cryptocurrencies, including some so-called privacy coins. Block the possibility of money laundering In a Sept. 20 notice, UpBit announced that the exchange will delist and […]
Continue Reading
The IMF has published a blog post in which it outlines both potential benefits and risks associated with the adoption of new digital payment methods, including stablecoins. The International Monetary Fund (IMF) has released a blog in which it outlines both potential benefits and risks associated with the adoption of new digital payment methods, including […]
Continue Reading
South Korea’s main opposition party, the Liberty Korea Party, is poised to unveil its pro-innovation policy for cryptocurrencies and crypto exchanges. South Korea’s main opposition party, the Liberty Korea Party (LKP), is poised to unveil its policy for cryptocurrencies and crypto exchanges. As Cointelegraph Korea reported on Sept. 19, the LKP’s stance appears to be […]
Continue Reading