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Tag: illicit transactions

Coinbase launches a collaborative effort to comply with FATF guidelines.

The publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST (Travel Rule Universal Solution Technology).” The plan is described as an “industry-driven solution” developed to comply with the Financial Action Task Force (FATF) Travel Rule. There are currently 18 crypto firms that have joined TRUST so far, and the collaborative effort is […]

The US SEC launches a probe into Binance.US over trading affiliates.

The US Securities and Exchange Commission (SEC) has reportedly launched an investigation into the crypto exchange giant Binance’s US arm regarding trading firms connected to Binance CEO Changpeng Zhao. According to a recent report from the Wall Street Journal, the SEC is looking into the relationship between Binance.US and trading firms Sigma Chain AG and […]

Money laundering 0.05% of all crypto transactions in 2021: Chainalysis report

Every year since 2017, blockchain analysis company Chainalysis publishes a report focusing on money laundering and illicit transactions going through the cryptocurrency ecosystem.

The post Money laundering 0.05% of all crypto transactions in 2021: Chainalysis report appeared first on CryptoSlate.

NuGenesis Comprehensive 2-part Review of proposed amendment of the Federal Reserve Act (Part 2)

SWEEEPING REFORMS AND EFFECT ON STABLE COINS (The Digital Assets Market Structure and Investor Protection Bill.) The sweeping legal reforms and the down-under solution The “Digital Asset Market Structure and Investor Protection Bill” seeks to prohibit stable coins.    Proposed US Code section 5104(a) provides that “no person may issue, use or permit to be used […]

The post NuGenesis Comprehensive 2-part Review of proposed amendment of the Federal Reserve Act (Part 2) appeared first on NullTX.

CBDCs: Still a Work in Progress, Why?

The boost in the development of the digital economy in lieu of the pandemic has created a higher demand for central bank digital currencies (CBDCs).

FATF Review Finds that Many Jurisdictions Still Don’t Have Basic Regulatory Framework for Virtual Asset Service Providers: Report

On July 5, 2021, the Financial Action Task Force (FATF) had completed its second 12-month review of the implementation of its updated Standards...

Second 12-Month Review of the Revised FATF Standards on Virtual Assets and Virtual Asset Service Providers

On July 5, 2021, the Financial Action Task Force (FATF) completed its second 12-month review of the implementation of its revised Standards on...

Former Cryptopia Employee Admits to Stealing $170K in Crypto

A former employee has admitted to the charge of stealing over $170,000 worth of crypto from the now-defunct New Zealand-based currency exchange Cryptopia.

“BTC or ETH Micropayments Are Still Not On The Same Level As VISA or Mastercard” – Rossen Yordanov

@Ishan PandeyIshan PandeyCrypto Veteran. Tokenization, DeFi and Security Tokens - Blockchain.Ishan Pandey: Hi Rossen, welcome to our series “Behind the BigTech.” Please tell...

Korean exchange firms delist altcoin en masse to meet bank requirements

TL;DR Breakdown Exchange in Korea delists altcoin to meet regulatory requirements Why exchange have to delist altcoins Crypto exchange firms in South Korea have been engaging in mas delisting of altcoins to enable them meet requirements to partner with banks in the country. Many crypto exchanges in the country have begun the delisting process months […]

Buy or Sell: Worth Investing in Crypto?

With the fall of digital currencies in recent days, many questions come to our minds. Is it still worth investing in cryptocurrencies in…

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