The four biggest crypto exchanges have come up with a hotline that entities can use to report unusual and irregular transactions. At the core of the initiative is the need to combat money laundering as well as protecting customers from fraudulent business people.
Iran might launch a state-backed cryptocurrency soon to help scuttle US sanctions. However, fears remain whether the stablecoin will achieve the objectives given additional efforts by the Americans to kill the plans.
JP Morgan analysts have issued a report showing why there has been a decrease in adoption of Cryptocurrencies in large financial institutions. The report indicates why cryptocurrency is far from mainstream institutions and the need for legislation and regulations to govern and legitimize crypto.
The recent decision of pullback amidst the ongoing shutdown of the U.S. government as the SEC has put all its task on hold.
The UK FCA has published a guidance paper that opens consultations regarding cryptoassets and their regulation. Also, the guidance paper provides three broad categories of cryptoassets that will guide the consultations.
The Dutch authorities say that the new licensing system is a step towards enhancing customer protection and preventing illicit activities.
McAfee has refused to pay cryptocurrency taxes saying that he has already paid millions in taxes and it is illegal on the part of the IRS to ask for more.
Faced with spiraling regulatory pressures Atom Group has had to adopt a trading technology used in the London Stock Exchange for its upcoming cryptocurrency exchange. AAX is the cryptocurrency exchange built on top of LSE’s Millennium Exchange machine engine. The exchange is slated for release sometime in June.
The new cryptocurrency shall be used by the local and central banks of the two countries for seamless fund transfers.
SBI Group has completed a $15 million investment in cryptocurrency smart card developer, Tangem. Barely a year into operation the Japanese finance giant has continued to make inroads into the cryptocurrency sector, depicted by the massive investment.