Facebook is reportedly seeking a New York BitLicense to comply with state regulations pertaining to Libra. Social media giant Facebook has applied for a cryptocurrency business license to use its announced virtual currency Libra in New York, according to a report by Reuters on June 28 New York requires a special license for crypto operations […]
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As Israel arrests hackers with military training over the Bitfinex hack, CT talks with cybersecurity experts about the infamous cyber attack. One of the most prominent crypto cybercrimes in recent years took a dramatic turn on June 23, when two Israeli brothers were arrested in connection with the 2016 Bitfinex hack and other crypto-related phishing […]
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Mosques’ free electricity make them an attractive option for miners keen to limit the pain of economic hardship. Iranian bitcoin (BTC) miners are moving into mosques as the government launches an energy crackdown, social media users revealed on June 25. Iran, which offers free energy to mosques, now has around 100 miners occupying places of […]
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European Union banks may have an instantaneous payments system in place by 2020. European Union banks could have an instantaneous payments system in place by 2020, Reuters reports on June 26. Per the report, real-time payments have been possible in the eurozone since 2017, but only about half of the banks in the bloc adhered […]
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tZero, crypto arm of American retail giant Overstock, has launched a mobile digital wallet and exchange app for crypto. tZero, United States retail giant Overstock’s crypto subsidiary, has launched a digital wallet and exchange app for crypto, the company officially announced in a tweet on June 27. The firm calls its new mobile crypto app […]
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Cortex claims that this is the first time that artificial intelligence has been introduced to a crypto network at scale. Cortex has launched a network for decentralized apps powered by artificial intelligence (AI,) according to a news release published on June 26. The company claims this is the first time that AI has been introduced to a crypto […]
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The Bank of France Governor said that Facebook’s Libra must comply with anti-money laundering regulation and seek banking licenses if it offers banking services. Bank of France Governor Francois Villeroy de Galhau said that Facebook’s Libra stablecoin must comply with anti-money laundering regulation and seek banking licenses if it offers banking services, Reuters reports on […]
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Today’s Financial Action Task Force’s announcement focused on expanding regulation to keep digital currency out of laundering. Today’s Financial Action Task Force’s (FATF) announcement focused on digital currency’s role in money laundering and heightened regulation, as Secretary Steven Mnuchin noted in his closing remarks. The FATF — an intergovernmental organization that focuses its efforts on […]
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The G7 taskforce will examine how central banks can ensure cryptocurrencies comply with anti-money laundering laws and consumer protection rules. A G7 taskforce is being created to examine how central banks can regulate cryptocurrencies such as Facebook’s libra, Reuters reported on June 21. Francois Villeroy de Galhau, the governor of France’s central bank, said: “We want to combine being open […]
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The concept of CBDCs has been steadily drawing the attention of jurisdictions worldwide. This month alone, at least three separate countries have reported on their prospective central bank-issued digital currencies (CBDCs): The Republic of the Marshall Islands (RMI) announced the creation of a specially dedicated nonprofit organization to support its digital currency that is already […]
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