Virtual Currency And Blockchain
14th July 2021
Cryptocurrency exchanges that are based outside South Korea must register with the nation’s anti-money laundering body if they use the Korean currency, a top financial regulator said Tuesday. Financial Services Commission Chairman Eun Sung-soo made the remarks when asked by a lawmaker whether Binance, the world’s largest cryptocurrency exchange, should… Read More
14th July 2021
The European Central Bank is set to give the green light on Wednesday to a multi-year project to create a digital version of the euro. An electronic equivalent of banknotes and coins, the digital euro will likely be a digital wallet that euro zone citizens can keep at the ECB. Read More
13th July 2021
When President Biden signed Executive Order (E.O.) 14024 in April, there were likely more than a few eyebrows raised within the compliance community. For one, the order, which authorized the imposition of sanctions on Russian interests for “specified harmful foreign activities”, marked a departure from the previous administration’s response to the alleged… Read More
13th July 2021
The Met Police has seized a record £180m worth of cryptocurrency linked to international money laundering in London. The seizure is the largest of its kind in the UK – beating the pervious record set when the Met confiscated £114m of cryptocurrency on 24 June. A 39-year-old woman, arrested on… Read More
13th July 2021
Yun Hae-ri, a 26-year-old South Korean cryptocurrency investor, has seen the value of a coin named Metadium nearly wiped out since she bought it in April. Like many South Korean retail investors, Yun has thousands of won in smaller cryptocurrencies, seen as alternatives to bitcoin, which have plummeted in value… Read More
12th July 2021
Israel’s National Bureau for Counter Terror Financing (NBCTF) last week released information regarding the seizure of cryptocurrencies which had been transferred to the Hamas organization. The report detailed that this was the first time such a wide variety of cryptocurrencies was seized, as the seizure also included cryptocurrencies other than… Read More
11th July 2021
The Democrat senator said in a letter to SEC Chair Gary Gensler that she needs answers by July 28. Crypto skeptic U.S. Sen. Elizabeth Warren (D-Mass.) gave the Securities and Exchange Commission (SEC) until the end of this month to figure out its role in regulating cryptocurrencies. The senator, who… Read More
8th July 2021
Russia is preparing legislation to allow law-enforcement agencies to confiscate illegally obtained cryptocurrencies, Prosecutor General Igor Krasnov said, according to TASS. Speaking at conference in Saint Petersburg, Krasnov said cryptocurrency use by criminals is a serious issue for law enforcement. The country passed its first law regulating the digital assets… Read More
8th July 2021
The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), expressed concerns over the reportedly serious threat stablecoins like Tether (USDT)… Read More
8th July 2021
You remember The Money Chant: Matthew McConaughey thumping his chest, talking fools and money before — sniff! — a little lunchtime “tootski.” Titan Maxamus has been there. Well, not there, in a “Wolf of Wall Street”-style boiler room. There on the other side — as the mark. Titan Maxamus knows… Read More