2019-12-12 13:00 |
The liquidator for the collapsed New Zealand-based crypto exchange Cryptopia now has NZ$7.2 million on balance for potential user refunds. Finding out who's owed what, though, is proving a tough task. origin »
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Crypto lending firm Unchained Capital has hired Will Cole of the Wyoming Blockchain Task Force as its new chief product officer.
2019-12-6 19:00 | |
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A massive chunk of the cryptocurrency niche is apparently functioning against the law. Many cryptocurrency platforms are operating against the guidelines put in place by the Financial Action Task Force (FATF).
2019-11-29 18:00 | |
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This tech startup based in California is among those eyeing to tap into the market share currently dominated by oldies in financial services. However, this may be an uphill task given a tech giant like Facebook is yet to get any regulatory approval to launch the Libra crypto project. California Based Stock and Crypto Exchange, […]
2019-11-29 21:57 | |
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South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task Force.
2019-11-27 09:20 | |
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What if your biggest client is your biggest reputation risk?
2019-11-26 12:00 | |
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A specialized task force of senior judges and lawyers in the U. K. has recognized crypto-assets as “tradable property” under English law. The 46-page legal statement, which clarified the status of cryptocurrencies, blockchain technology, and smart contracts, is the country’s effort to reintroduce confidence to the British crypto market.
2019-11-20 23:00 | |
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The U. S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies.
2019-11-19 03:30 | |
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Can a new compliance protocol make it easier to follow FATF regulation?
2019-11-16 08:27 | |
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SIM swapping is a method of infiltrating someone’s phone, presently being used in the crypto industry by hackers that want to steal cryptocurrency and take over social media accounts. The method has been used by multiple hackers, but a press release reveals that the FBI has already arrested two residents in Massachusetts for their own […]
2019-11-15 09:03 | |
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The Shyft Network has recently called former members of the Financial Action Task Force (FATF) to join its advisory team. According to the latest press release sent out to the media, the network would add two people to the team: Rick McDonell and Josee Nadeau.
2019-10-30 16:18 | |
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These are testing times for US crypto traders. Accessing the same services that their European counterparts take for granted has become an impossibly convoluted task. It’s also one that’s fraught with legal risk and the threat of sudden service withdrawal.
2019-10-30 04:10 | |
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The Financial Action Task Force (FATF) has agreed on how it will assess whether countries have taken the necessary steps to implement the crypto-related requirements. “Given the global nature of the virtual asset industry, it is essential that countries implement these requirements swiftly,” the FATF emphasized.
2019-10-22 17:25 | |
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Representative Tom Emmer of Minnesota will be the ranking member of Congress on a Task Force to advance the national discussion on emerging financial technology. Emmer previously sponsored legislation such as the Blockchain Regulatory Certainty Act, which helped exempt certain blockchain businesses from onerous reporting and licensing requirements when they do not take control of […] The post Blockchain-Friendly Minnesota Congressman To Head Fintech Task Force appeared first on Crypto Briefing.
2019-10-17 02:13 | |
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Determining Bitcoin’s value and its trend is not an easy task. However, some experts and crypto traders believe that by analyzing BTC’s network activity, they can establish the cryptocurrency’s value.
2019-10-15 21:58 | |
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The risk of double-spending has traditionally been a major obstacle to creating and fully using digital money. A flaw of this kind would be detrimental to the credibility of any system claiming to provide universal solutions to the financial needs of our era.
2019-10-14 23:48 | |
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Top crypto exchange platform Binance has teamed up with crypto analytic firm Coinfirm to enhance its anti-money laundering (AML) adherence. The new partnership will see Binance integrate Coinfirm’s agnostic AML platform to improve the crypto exchange’s compliance with the new AML requirements recently provided by the Financial Action Task Force (FATF), the global financial supervision […]
2019-10-4 00:14 | |
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Binance, the world’s leading exchange in terms of driving crypto innovation, has bagged another partnership with regulation technology company Coinfirm. As per the official blog post, “Binance and Coinfirm announced their partnership to address the recently issued guidelines on anti-money laundering (AML) rules by the Financial Action Task Force (FATF).
2019-10-4 21:25 | |
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Earlier this year, the Financial Action Task Force (FATF) issued its guidance to member states on a “risk-based approach to virtual assets and virtual asset service providers. ” The intergovernmental regulator puts the onus of responsibility onto exchanges and wallets to share user data, virtually eliminating privacy in crypto transactions.
2019-10-1 15:08 | |
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OKEx Korea announced that it will terminate trading and support for five privacy crypto assets to comply with the Financial Action Task Force ‘travel rule.’
2019-9-22 15:05 | |
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Transferring more than $1,000 in bitcoin or any other crypto from one exchange to another could land your private details on the desk of the Financial Action Task Force (FATF). That is possible ever since the intergovernmental agency in June imposed new anti-money laundering standards on the cryptocurrency firms.
2019-9-18 12:15 | |
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A new framework from blockchain security firm CipherTrace will enable cryptocurrency wallets, exchanges and other projects to comply with the Travel Rule from FATF – the Financial Action Task Force – without having to share private or personal information with one another.
2019-9-11 16:00 | |
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In the first quarter of 2019, cryptojacking campaigns aimed at victims’ PCs to mine cryptocurrencies rose 29%, according to a recent report by security software provider McAfee. Hackers Target Windows PCs to Mine Monero The antivirus maker founded by crypto fan John McAfee discovered that both Windows and Apple ecosystems are equally vulnerable to cryptojacking campaigns.
2019-8-30 16:00 | |
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By CCN Markets: A senior UN official, Neil Walsh, claims that Bitcoin and other cryptocurrencies have made the task of fighting money laundering, terror financing, and cybercrime tougher than ever due to the relative anonymity they allegedly offer.
2019-8-30 17:53 | |
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ICON has a bearish short-term bias, with the cryptocurrency weakening below its key moving averages The four-hour time frame shows that the ICX / USD pair is creating bearish lower lows and lower highs The daily time frame shows that the ICX / USD pair has performed a bearish breakout from a sideways price channel […] The post ICON Price Analysis ICX / USD: Sisyphean Task appeared first on Crypto Briefing.
2019-8-14 16:02 | |
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Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data.
2019-8-12 06:45 | |
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In what is being considered a welcome move by crypto enthusiasts all over the world, the Governor of New Jersey (NJ) — Phil Murphy — has just signed a bill that will allow for the creation of a NJ-centric blockchain task force (BTF).
2019-8-12 18:41 | |
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The Financial Action Task Force, an international money laundering watchdog, will lead a project with 15 other nations that will work to catch the movement of crypto funds used for illicit purposes.
2019-8-10 18:56 | |
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Fifteen nations are said to be planning to set up a system to monitor crypto transactions alongside the Financial Action Task Force.
2019-8-9 14:34 | |
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An Australian citizen who ran an international crypto Ponzi scheme will face justice after police in India finally arrested him - but not before he defrauded victims out of $28 million. 'Hybrid crypto' with low risks and high returns India's Special Task Force (STF) arrested Sydney resident Harpreet Singh Sahni in a hotel near the […] The post $28 Million Crypto Ponzi Lands Morally Bankrupt Scammer in Jail appeared first on CCN Markets
2019-8-8 17:59 | |
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The latest news emerging from South Korea indicates that Bitcoin exchanges are facing a surprisingly increased level of scrutiny of commercial banks amid the renewal of banking services. The revelation comes as the intergovernmental Financial Action Task Force (FATF) continues to urge countries to enact stricter regulatory controls over the crypto industry.
2019-7-30 13:00 | |
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A crypto and blockchain think tank in Kenya is advising authorities to focus on ensuring cryptocurrency adoption in the country, reports CGTN Africa, July 25, 2019. Meanwhile, there hasn’t been much progress regarding the issuance of standardized regulations for digital assets in Kenya but the central bank says the Facebook Libra project poses a systemicRead MoreRead More.
2019-7-26 01:00 | |
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Lolli Bags Big Partnership, Helps to Drive Bitcoin Adoption To most consumers, getting their hands on Bitcoin (BTC) is an arduous task. For those that aren’t so-called “crypto natives”, onboarding onto an exchange that doesn’t...
2019-7-25 20:26 | |
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The 6 named members of the state's Digital Currency Taskforce will assist in determining how to regulate, define, and use cryptocurrencies.
2019-7-24 23:43 | |
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Since the inception of the crypto industry nearly a decade back, various regulators across the globe have been faced with the task of taxing digital currencies in a way that is not only fair but also quite streamlined.
2019-7-13 19:37 | |
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As per an a statement released by the CEO of SBI BITS — a unit of SBI Holdings — SBIVC will lay in complete accordance with the guidelines set forth by the Financial Action Task Force (FATF) in regards to issues such as money laundering and terrorism. Additionally, for those of our readers who may […]
2019-7-3 19:40 | |
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India’s Prime Minister Narendra Modi participated in discussions on crypto assets at the G20 leaders’ summit in Osaka, Japan. At the conclusion of the summit, the leaders of the G20 countries jointly declared their commitment to applying the crypto standards set by the Financial Action Task Force.
2019-7-3 09:50 | |
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India’s Prime Minister Narendra Modi participated in discussions on crypto assets at the G20 leaders’ summit in Osaka, Japan. At the conclusion of the summit, the leaders of the G20 countries jointly declared their commitment to applying the crypto standards set by the Financial Action Task Force.
2019-7-6 09:50 | |
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Intelligence solutions provider CipherTrace and identity solutions provider Shyft are working on developing a know-your-customer-based solution to the Financial Action Task Force's new "Travel Rule," which will see crypto exchanges share trader information.
2019-7-2 19:25 | |
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CipherTrace is teaming with Shyft on a blockchain solution to help crypto firms meet tough new standards from the Financial Action Task Force.
2019-7-2 15:00 | |
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A clerk for the Financial Action Task Force (FATF),Tom Neylan, has assured cryptocurrency platforms that the new guidelines are not “monsters”. The post FATF Clerk: “Crypto Guidelines Are Not Fear Causing Monsters” appeared first on Ethereum World News.
2019-6-30 17:48 | |
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As the G20 leaders’ summit came to a close, the nearby V20 summit concluded with a set of promises for the crypto industry in response to the global crypto standards set by the Financial Action Task Force.
2019-6-30 07:25 | |
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Representatives from 36 of the world's most influential jurisdictions met last week under the Financial Action Task Force (FATF) banner to consider guidelines that could shape how governments around the world regulate the use of cryptocurrency.
2019-6-29 16:00 | |
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Representatives from 36 of the world's most influential jurisdictions met last week under the Financial Action Task Force (FATF) banner to consider guidelines that could shape how governments around the world regulate the use of cryptocurrency.
2019-6-28 16:00 | |
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There are many reasons to keep bitcoin cash transactions private and the top six ways to make them anonymous are outlined in a new video by Bitcoin. com. Meanwhile, the Financial Action Task Force has just released its global guidance for crypto assets, effectively calling on countries and crypto exchanges to strengthen their KYC measures.
2019-6-28 05:30 | |
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The Financial Action Task Force (FATF) has issued a shot across the bow of the cryptocurrency industry, with interpretative notes and clarifications for virtual asset service providers (VASPs). The move comes a month after the task force warned in February that updates to its recommendations would be coming as early as this month.
2019-6-28 02:05 | |
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The FATF (Financial Action Task Force) has revealed updated guidelines that would require cryptocurrency and digital asset exchanges—and potentially independent business owners and crypto holders—to share sensitive customer information as VASPs (Virtual Asset Service Providers), compromising user privacy and restricting crypto market access.
2019-6-25 09:53 | |
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The Financial Action Task Force (FATF), an international organization focused on preventing money laundering and financial terrorism, finalized its recommendations on regulating cryptocurrencies. The new standards will require crypto exchanges to identify their users and share that data.
2019-6-25 09:45 | |
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According to Business Korea, hundreds of minor crypto exchanges in South Korea could run smack into heightened scrutiny for failing to abide by proposed enhanced know-your-customer (KYC) regulations, which would require exchanges to only provide services to users with "real-name accounts" issued by local financial institutions.
2019-6-25 22:54 | |
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The Financial Action Task Force (FATF) is forwarding AML and KYC recommendations and guidance that US's FinCEN and G20 countries could adopt. The post US’s FinCEN and G20 Countries Could Adopt FATF’s Crypto Guidance appeared first on Ethereum World News.
2019-6-24 13:01 | |
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Former Cryptopia Ltd. employee pleads guilty to stealing NZD 250,000 worth of Bitcoin (BTC) and other cryptocurrencies from the exchange. The employee returned the funds and will not face any charges.
Криптовалютные компании в Новой Зеландии должны предоставлять налоговой службе страны персональные данные клиентов и информацию о стоимости их криптовалютных активов. Согласно заявлению Департамента внутренних доходов Новой Зеландии (IDR), эта информация необходима для того, чтобы лучше понять текущее состояние криптоиндустрии в стране и «помочь налогоплательщикам выполнить свои обязательства».
Аудиторская компания Grant Thornton, которая управляет процессом ликвидации новозеландской криптовалютной биржи Cryptopia, начнет принимать заявки пользователей на возврат активов к концу 2020 года.
Компания GNY 21 июля, эмитент криптовалюты LML, подало уведомление в суд о невыполнении ликвидаторами криптобиржи Cryptopia своих обязанностей. GNY обвинила компанию Grant Thornton, которая занималась этим делом, в неумелой ликвидации криптобиржи Cryptopia.
Bitcoin continued eying the barrier $7,500 barrier on Wednesday as the prevailing bullish momentum kept the support around $7,000 firmly intact. At one time, BTC went as high as $7,410 before retreating to just over $7,300 at the time of publishing.
The High Court of New Zealand ruled on April 8, 2020, that the cryptocurrencies are beneficially owned by the account holders and aren’t the assets of the company, on the basis that cryptos are “property” under Companies Act and cryptos were held on multiple trusts.
At long last Cryptopia victims may be one step closer to finally recovering their cryptos. After more than a year of painstaking investigation, liquidators Grant Thornton have finally received a positive ruling from the New Zealand High Court.