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FinCEN releases report on illegal activities concerning Bitcoin [BTC] and other cryptocurrencies

The Financial Crimes Enforcement Network [FinCEN] recently released guidance for money transmitter using digital currencies. Along with this, it also released a document titled ‘Advisory on Illicit Activity Involving Convertible Virtual Currency’ guiding institutions on how to identify and report “suspicious activity concerning how criminals and other bad actors exploit convertible virtual currencies”. дальше »

2019-5-10 18:45


Fundstrat’s Tom Lee: Devaluation of Fiat Currencies Causing Bitcoin On-Chain Volume to Take Off

We have already seen how the fiat currencies around the world, be it Argentina’s peso, Venezuelan Bolivar or Turkish Lira, are failing as a currency. Countries all over the world are being run over by rising inflation and dropping value of their money, along with slowing economy and political unrest. It isn’t surprising South America […] дальше »

2019-4-28 20:40


Man Pleads Guilty in New York for Selling Drugs, Laundering $2.8 Million in Bitcoin via Western Union

New York has seen the first conviction for cryptocurrency money laundering in a case that involves $2. 8 million dollars. On April 24, the Manhattan District Attorney’s Office announced that the defendants Callaway Crain and Mark Sanchez laundered the aforementioned amount of money using virtual currencies. дальше »

2019-4-24 20:01


Bitcoin Enthusiasts Know Fiat’s Not Forever, Think Crypto Assets are a Legit Alternative to the Monetary System

One of the hopes many cryptocurrency enthusiasts hold is the idea crypto could one day serve as a legitimate alternate or even a replacement to the fiat monetary system. One big criticism of fiat currency has to do with exchange rates and the idea of valuing money based off of comparisons with other currencies. While […] дальше »

2019-4-15 08:31


Pakistan Regulates Cryptocurrency to Prevent ‘Terrorism Financing’

Pakistan has announced plans to regulate cryptocurrencies in accordance with recommendations of the Financial Action Task Force (FATF). The regulations will be introduced immediately. Pakistan embraces digital currencies reluctantly Pakistan had previously taken a hard stance against cryptocurrencies, with the country’s central bank warning banks and other financial services providers against offering services that supported virtual currency transactions. дальше »

2019-4-1 12:04


[Not Surprisingly], a U.S. Bank Bans Customers From Buying Bitcoin

Regions Financial Corporation has barred its customers from purchasing cryptocurrencies such as bitcoin. The US-based bank and financial service clarified in its 2018 bank deposit agreement that it reserved the right to “return or decline to pay” for items related to “decentralized, non-fiat virtual currencies, cryptocurrency or another digital currency or money that relies on. дальше »

2019-3-30 17:19


Huobi Prime Offers Cryptocurrency Investors a New Way to Trade

Tuesday, March 26 will see customers of the cryptocurrency exchange Huobi experience a whole new way of getting their fingers around cryptocurrencies. Known as Huobi Prime, the system is a coin-launch platform that ensures all currencies purchased by Huobi users are immediately deposited into their accounts and tradable against the Huobi Token (HT) with minimal delays, according to a company press release. дальше »

2019-3-21 23:15


Do KYC and AML Cryptocurrency Compliance Regulations and Rules Hurt Investor Privacy?

The Strip-Down Feeling of Crypto Compliance The Price Attached to Compliance When it comes to the service of transmitting money, especially when it comes to those companies that allow for switching between fiat currencies and cryptocurrencies, they're often made to feel obligated to be in compliance with the firm anti-money laundering legislation (AML) which also […] дальше »

2019-2-23 02:43