How a user gaming the Augur network led to the debate on the validity and effectiveness of decentralized networks. According to a Reddit thread on March 19, traders on Augur, a decentralized oracle and peer-to-peer protocol for prediction markets, are being scammed. The Reddit user claims that “some people” in the Augur community are exploiting […]
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The Malta Financial Services Authority approves the first 14 crypto assets agents, which filed applications last fall. The Malta Financial Services Authority (MFSA) has approved its first 14 crypto assets agents that previously sought for a license, according to an official statement published today, April 2. The approval comes five months after the Virtual Financial […]
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RAND Corporation, a U.S. nonprofit think tank, has published a report on the illicit use of crypto by terrorist groups. Cryptocurrencies are not well-suited for the needs of terrorist groups, United States nonprofit think tank RAND Corporation states in a report published on March 27. The report, dubbed “Terrorist Use of Cryptocurrencies: Technical and Organizational […]
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Pakistan plans to implement a licensing system for electronic money institutions as a way to regulate digital currencies. Pakistan is implementing new cryptocurrency regulations in an effort to improve its track record fighting financial crime, English-language Pakistani news outlet The Express Tribune reported on April 1. Pakistan, which is seeking to reduce perceived levels of […]
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The Malta Financial Services Authority appointed U.S.-based blockchain security firm to assist in tracking the compliance of crypto firms. The Malta Financial Services Authority (MFSA) has appointed blockchain security firm CipherTrace to monitor activity by crypto businesses in Malta, local news agency The Times of Malta reports on March 11. CipherTrace is now set to […]
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Australia’s financial watchdog has shut down the operations of two crypto exchanges in connection with a drug trafficking case. The Australian anti-money laundering watchdog has suspended the registrations of two cryptocurrency exchanges in connection with a drug trafficking case, the agency announced in a press release on Friday, March 8. The Australian Transaction Reports […]
Continue ReadingThe Malta Digital Exchange has announced the relocation of its offices to the Malta Stock Exchange. Malta Digital Exchange (MDX) is moving in with the Malta Stock Exchange (MSE) in contemplation of the launch of its digital exchange division, the Times of Malta reported on March 5. MDX is reportedly in the process of obtaining […]
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The IMF has said that Malta does not have the proper supervision for AML and CFT and is calling for “urgent action.” The International Monetary Fund (IMF) has said that the Malta Financial Services Authority (MFSA) has critical gaps in its supervision for anti-money laundering (AML) and combating the financing of terrorism (CFT), and is […]
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The Financial Action Task Force has updates its guidelines on digital assets to combat money laundering and terrorism financing. The Financial Action Task Force (FATF), an intergovernmental organization that develops policies against money laundering, has published preliminary guidelines for cryptocurrencies on its website on Thursday, Feb. 28. The FATF held a meeting on preliminary crypto […]
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The chairman of the European Securities and Markets Authority, Steven Maijoor, has supported new regulations for digital assets to help investors. The chairman of the European Securities and Markets Authority (ESMA) — the European Union-level financial markets supervisor — has said that he supports further regulations on digital assets, political news outlet Roll Call reported […]
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