2019-3-27 02:41 |
Canada’s banks are unwilling to manage the money held by the QuadrigaCX platform being in doubt over its legal origin, assuming this to be a money laundering case
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Morgan Stanley Investment Management’s chief strategist and head of emerging markets has recommended bitcoin as an alternative investment to stocks amid central banks’ massive money printing policies.
2020-9-13 03:30 | |
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The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly or inadvertently.
2019-7-9 16:45 | |
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A few hours ago, the Trump administration issued a new set of sanctions against Venezuelan banks, aiming to make it more difficult for the people to mobilize their money and pay for goods and services.
2019-3-23 04:41 | |
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Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.
2019-3-23 17:29 | |
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An Israeli court ruled on March 17, 2019, that banks can't enforce a blanket ban against all accounts linked to cryptocurrency. Instead, the court said, banks need to consider the specific type and scope of crypto-related activity before determining whether or not to open an account.
2019-3-20 18:53 | |
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As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.
2019-3-20 18:42 | |
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Crime isn’t supposed to pay, but sometimes the wages of sin are paid in bitcoin. Last week, Japanese police reported that 2018 saw a tenfold increase of cryptocurrency money laundering.
2019-3-20 16:49 | |
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The economic condition of Europe has been so dire that European Central Bank (ECB) had already reversed its monetary policy as admitted by ECB last week. Just recently we also reported how the chief economist of ECB shared that they create money out of thin air.
2019-3-16 02:21 | |
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Most cryptocurrency companies struggle to get a bank account. This is mainly due to inadequate anti-money laundering procedures and the banks’ fear of being fined. At least, that’s what these centralized institutions with coffers stuffed full of dirty money want you to believe.
2019-3-14 03:15 | |
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The Basel Committee on Banking Supervision (BCBS), a supranational banking watchdog, has warned that the growth of crypto assets like bitcoin pose a threat to banks and global financial stability, despite “very limited direct exposures.
2019-3-14 01:30 | |
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BIS-backed global banking authority the Basel Committee has issued a sceptical statement on crypto assets, saying they’re “unsafe to rely on” as money
2019-3-13 15:11 | |
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CryptoNinjas NetCents, a transactional hub for cryptocurrency payments, has announced the launch of its Crypto Banking Stack (CBS), which are the rails that facilitate cryptocurrency accounts, transactions, and functionality into existing platforms for banks, financial institutions, and money service businesses.
2019-3-12 15:09 | |
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Some of the most well known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8 billion to the trillions financial institutions wash every year.
2019-3-12 00:50 | |
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Bitcoin prices consolidating but bullish Obscure banks real culprits in money laundering Transactional volumes drop below average Findings indicate that centralized global banks are agents of money laundering and not Bitcoin or cryptocurrencies as peddled by mainstream media.
2019-3-8 22:00 | |
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A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1. 3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out of Russia.
2019-3-7 08:25 | |
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When the mysterious Satoshi Nakamoto first released Bitcoin to the public, his goal was to remove the power governments and banks had over people’s money, and put the power back into the hands of the user.
2019-3-6 04:00 | |
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Appearing for an interview with BlockTV, Max Keiser explained why he thinks Warren Buffett has been throwing shade at the crypto community. Keiser did not hold back: I think he feels insecure. Without the bailouts of 2008, without the access to free money from central banks, without stock buybacks – that were up until recently illegal – Warren Buffett’s performance would be close to zero.
2019-3-5 22:11 | |
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The cryptocurrency revolution is here, and traditional banks are terrified. JP Morgan is the perfect example. First, the bank’s boss Jamie Dimon labelled bitcoin a “fraud” and promised to fire any employees caught trading crypto.
2019-3-4 17:47 | |
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It’s Monday, which means it’s time for a roundup of the weekend’s cryptocurrency and blockchain news. Here’s Moonday Mornings. 1. Japan’s Financial Services Agency is reporting a 36 percent drop in the number of cryptocurrency related inquiries in the fourth quarter of 2018 compared to the previous quarter, Brave New Coin reports.
2019-3-4 12:49 | |
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Saifedean Ammous, economics professor and author of The Bitcoin Standard, spoke with Bitcoinist in an exclusive interview. He explains why he is encouraging people to ‘pirate’ his book and why he believes central banks want nothing to do with a hard money like bitcoin.
2019-3-1 20:00 | |
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The Ripple XRP token is bearing good news while it is still fresh from being listed on the Coinbase Pro. The good news is SBI, which is a backer of Ripple, is planning on having many banks within the Japan market to use the MoneyTap option.
2019-3-1 05:31 | |
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Money laundering cases related to cryptocurrencies in Japan have increased significantly in 2018. Nevertheless, their number remains a fraction of the total. According to the Japanese press, the majority of reported money laundering instances actually involve banks and other traditional financial institutions.
2019-3-1 21:30 | |
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Activist group Blockchain Advocacy Coalition (BAC) has sponsored a bill in California’s 19th State Assembly District, set to allow legal cannabis businesses in the district to pay their state taxes using cryptocurrency.
2019-3-1 20:16 | |
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When Coinbase acquired Neutrino for an unspecified amount in February 2019, the news looked like business as usual: A cryptocurrency juggernaut had made another acquisition.
2019-3-1 17:19 | |
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Cryptocurrency exchanges may still have a long way to go as it seems most people may still prefer banks to exchanges as means of saving their money as revealed by a recent Twitter poll by Ran Neuner, the host of CNBC Crypto Trader Show.
2019-2-26 15:16 | |
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QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him.
2019-2-26 22:21 | |
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Ripple's very famous objective is to use cryptocurrencies and blockchain technology (preferably, its own cryptocurrency, XRP, and its own blockchain technology and network) to make the world smaller by eliminating the friction prevalent in international money transfers.
2019-2-23 20:16 | |
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Hesitation has been shown by Canadian banks concerning the management of the assets of insolvent cryptocurrency exchange QuadrigaCX
2019-2-24 13:53 | |
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Money laundering scandals involving some of the world’s largest banks have grown this week. Switzerland’s largest bank, UBS, has been fined 3. 7 billion euros (~$4. 2 billion) for money laundering.
2019-2-21 18:18 | |
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The Future Of Decentralized Monetary System In The Coming Years Handling money and financial transactions have evolved in the wake of civilization and technological advancement. In the early times, the safety of one’s assets can be guaranteed in how discrete the holder of such an asset is in keeping them. Before the establishment of banks, […]
2019-2-21 01:24 | |
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Contrary to popular belief, Satoshi was not the first one to come up with the idea of a Distributed Ledger Technology [DLT]. However, his white-paper and the resultant Blockchain has certainly made many sit up and take notice.
2019-2-18 22:17 | |
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Fintech To Help Send More Money The new government of Mexico is trying to reduce the cost that Mexicans abroad pay in order to send money to their families at home. They are hoping the competition from fintechs would encourage the banks and financial service providers such as Western Union to reduce fees and improve […]
2019-2-18 20:07 | |
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Since it came to life in early 2009, Bitcoin has begun disrupting the world of finance. Over the years, this decentralized digital currency came to mean different things for different people.
2019-2-18 18:30 | |
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Стейблкоин JPM Coin от финансового холдинга JPMorgan способен уничтожить компанию Ripple, которая специализируется на трансграничных платежах, уверен редактор BloombergTV Джо Вайзенталь. If it turns out that the Blockchain/Coin framework turns out to be a good one for banks transferring money around, then the JPM Coin should absolutely obliterate Ripple — Joe Weisenthal (@TheStalwart) February 14, 2019 […] Запись В криптосообществе обсуждают угрозу стейблкоина JPM Coin для Ripple впервые появилась Криптовалюта.Tech.
2019-2-17 12:29 | |
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Стейблкоин JPM Coin от финансового холдинга JPMorgan способен уничтожить компанию Ripple, которая специализируется на трансграничных платежах, уверен редактор BloombergTV Джо Вайзенталь. If it turns out that the Blockchain/Coin framework turns out to be a good one for banks transferring money around, then the JPM Coin should absolutely obliterate Ripple — Joe Weisenthal (@TheStalwart) 14 лютого […]
2019-2-16 11:54 | |
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On February 14, JPMorgan, the $340 billion banking giant, launched a stablecoin called JPM Coin. Industry experts foresee the stablecoin thrashing Ripple and its cryptocurrency XRP in the long run.
2019-2-15 11:37 | |
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The Bank of Canada has recently released a report related to Bitcoin and other virtual currencies. The report makes some observations regarding the cryptocurrency space, how it evolved and the future of Bitcoin (BTC).
2019-2-15 07:57 | |
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The Wall Street Journal reports that banks will recast mortgage loans. Thanks to Federal Reserve policy changes, it’s currently cheaper for banks to get loans than it has been for a while. The other effect of a reduced LIBOR rate seems to be lower mortgage rates.
2019-2-10 01:30 | |
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Alastair Constance Believes That Ripple’s xRapid Is The Future Of Transactions It seems that Ripple’s xRapid solution is starting to be implemented by several banks and financial institutions all over the world.
2019-2-9 23:15 | |
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One of the biggest arguments that naysayers of cryptocurrency like to bring against it is the concept of money laundering. A recent report in September last year in the Wall Street Journal indicated that criminals used cryptocurrency exchanges in the laundering of $90 million in the last two years, though much of the report had […]
2019-2-5 17:24 | |
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Three of Japan’s biggest banks have canceled a joint project of a blockchain-based peer-to-peer money transfer service. The three so-called Japanese ‘megabanks’, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, said the joint venture was a duplication of their individual efforts.
2019-2-5 13:25 | |
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On September 28, 2018, the Wall Street Journal published a report which claimed that criminals laundered nearly $90 million of proceeds via cryptocurrency exchanges over two years. The piece mainly targeted ShapeShift, a US-based crypto-to-crypto exchange, for facilitating trades without identifying the traders.
2019-2-4 12:16 | |
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The Senate of the U. S. state of Wyoming has passed a bill which defines cryptocurrency as property and establishes rules including for allowing banks to provide crypto custodial services. For secured transactions, however, the bill recognizes cryptocurrency as money subject to some of the same rules as money in the state.
2019-2-2 14:45 | |
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A Bitcoin remittance startup located in Hong Kong has announced that it has launched the world’s first stablecoin pegged to the Hong Kong dollar. Founded in 2014, Bitspark was created to enable the process of sending money across borders without the use of banks.
2019-1-30 17:43 | |
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Laundering funds with cryptocurrencies in South Korea could soon become a thing of the past if four of the country’s exchanges have their way. According to a local media report, Bithumb, Upbit, Corbit and Coinone have cobbled together to share ‘real-time’ wallet information on any suspicious activity linked to phishing attempts and pyramid schemes.
2019-1-28 20:10 | |
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With the 10th anniversary of Bitcoin’s launch under the industry’s belt, it’s hard to believe how far the space has traveled in that time. Bitcoin Magazine has asked a number of long-time members of the space to reflect on their experiences, and published author Simon Dixon spoke with us about some of his observations over the years.
2019-1-26 01:44 | |
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In the French city of Saint-Nazaire, queues of yellow vesters have been videoed withdrawing money from the banks on or around January 12th in what appears to be a symbolic move... The post Yellow Vesters Queue to Withdraw Money From Banks, Act X to Begin While Macron Meets the Mayors appeared first on Trustnodes.
2019-1-19 18:32 | |
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Mercury FX is trying to change the way people and businesses make international transactions. Their mission is to beat banks by providing customers with lower “exchange rates and lower transaction fees on all international transactions.
2019-1-18 23:58 | |
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According to a report recently published by the Bank of International Settlements (BIS), central banks in most of its affiliate countries would be highly interested in having a better understanding of blockchain technologies and the possible implications of their adoption.
2019-1-9 18:50 | |
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