Cash Tech News

Users vs. governments: The ‘infinity war’ for blockchain privacy may be over

December 23, 2020cashtechnews

The privacy paradox has a potential resolution — if both sides can accept compromise in an increasingly polarized financial system The unique power of blockchain and cryptocurrency can also be considered their weakness. Crypto users gain unparalleled privacy for financial transactions through a decentralized transactional system. Governments, however, demand transparency in financial transactions for legal […]

Opportunities for blockchain in police investigations

December 19, 2020cashtechnews

How distributed ledger technologies can help law enforcement agencies to fight crime and money laundering. The problem of spreading cybercrime is becoming more acute today, and developed countries with high gross domestic product rates suffer from it to a much greater extent than developing countries. This is due to the fact that the more advanced […]

BTC drops, XRP is ‘toxic waste,’ Facebook’s Diem in trouble: Hodler’s Digest, Dec. 6–12

December 12, 2020cashtechnews

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much […]

Law Decoded: The war of the wallets, 12/4–12/11

December 11, 2020cashtechnews

Determining the future of who can and cannot custody crypto and how much you need to know about them remains a central topic of discussion. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note Last week’s Law Decoded sounded the alarm on threats […]

France moves to ban anonymous crypto accounts to prevent money laundering

December 10, 2020cashtechnews

France is preparing new frameworks to prevent anonymity in crypto. French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing. On Dec. 9, several ministries in France jointly introduced an order aiming to prevent anonymous digital asset transactions by banning anonymous crypto accounts. […]

Hundreds of millions of consumers will use digital currencies soon: Circle CEO

December 9, 2020cashtechnews

Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival. Speaking at Singapore Fintech Festival, Circle CEO Jeremy Allaire said that “third-generation blockchain technology” would see digital currency “in the hands of hundreds of millions, if not billions of users.” Allaire featured […]

BTC nerves, XRP bombshell, Libra rebrand: Hodler’s Digest, Nov. 28–Dec. 5

December 5, 2020cashtechnews

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much […]

OCC leader Brian Brooks: ‘Nobody’s going to ban Bitcoin’

December 4, 2020cashtechnews

Forthcoming regulations are “going to be a lot less bad than people will worry about.” Brian Brooks, the head of the Office of the Comptroller of the Currency, said regulators are not looking to “kill” Bitcoin (BTC) but instead ensure its smooth integration into the financial system. In an interview with CNBC’s Squawk Box on […]

Crypto.com secures an Australian Financial Service License

December 1, 2020cashtechnews

The mandatory license will allow Crypto.com to issue crypto debit cards in Australia. Crypto exchange and debit card provider Crypto.com has completed the acquisition of an Australian financial services company in order to secure an Australian Financial Service License, or ASFL. The acquired firm, named The Card Group Pty Ltd, has been described as specializing in […]

Venezuelan army starts mining Bitcoin to make ends meet

November 30, 2020cashtechnews

The Venezuelan army turns to crypto mining as the country’s economy collapses. The Maduro regime continues to lean on crypto to keep economically solvent. Via Instagram, an engineering brigade of the Venezuelan army inaugurated a new “Digital Assets Production Center of the Bolivarian Army of Venezuela.” As the video shows, the center houses various ASIC […]