Swiss Bankers Ease Access for Crypto Startups to Prevent Mass Exodus
As crypto-related startups began to leave Switzerland, local bankers are trying to establish a dialogue, issuing detailed guidelines Go to Source Powered by WPeMatico
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International Anti-Money Laundering Standards for Crypto Expected in October
The Financial Action Task Force expects to release a worldwide set of anti-money laundering standards for crypto in October Go to Source Powered by WPeMatico
More Banks Sanctioned for AML, Fraud-Related Violations
When societies discuss cryptocurrencies, the argument that the decentralized and unregulated nature of the crypto space leaves the door open to abuse, like money laundering and financial fraud, is often put forward by officials and authorities. However, a string of cases involving precisely these sins, and many, many banks, show that regulations are largely ineffective … Read more
Overstock to Offer Bitcoin for Sale After Acquiring Bitsy.com Biometric Wallet
Medici Ventures, a blockchain/crypto specific division of Overstock.com, has acquired Bitsy.com in an effort to finally merge the worlds of online retail with decentralized, digital cash facilitated by the Bitsy’s new biometric wallet. The Crypto Winter, assuming it ends at some point, might be best defined by what companies in the space did to prepare for … Read more
IMF Urges Marshall Islands to Reconsider Adopting Digital Currency as Second Legal Tender
The International Monetary Fund has warned the Marshall Islands about the risks of adopting a digital currency as a second legal tender, urging the island nation to reconsider Go to Source Powered by WPeMatico
Philippines Okays PDAX Crypto Exchange
Bangko Sentral ng Pilipinas (BSP) cleared the Philippine Digital Asset Exchange (PDAX) for license to exchange crypto and the Philippine peso. The exchange is being touted as one of the first of its kind to be specifically designed with Filipinos in mind, and will trade an array of cryptos and tokens, including bitcoin cash (BCH). … Read more
Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes
Cryptocurrency is a “poor form of money” for most of terrorists, says director of analysis at U.S. think tank FDD’s CSIF Yaya Fanusie Go to Source Powered by WPeMatico
Report: Belgian Think Tank Calls for Ministers to Coordinate EU-Wide Crypto Regulation
A new report from a Belgian think tank is calling for EU-wide transparent guidelines for crypto ahead of a meeting by EU finance ministers this week, according to Reuters Go to Source Powered by WPeMatico
Four Alternatives to Shapeshift
The news that Shapeshift is to move to a full custodial model, requiring KYC for anyone who wishes to swap cryptos, has sparked a wave of protests. Many users have vowed to take their business elsewhere. For cryptocurrency holders seeking a non-custodial exchange, there are several Shapeshift alternatives to choose from, with varying degrees of … Read more
Shapeshift Moves to Membership Model Requiring User Information
Non-custodial crypto trading platform Shapeshift has introduced a membership program which will soon be mandatory. CEO Erik Voorhees explains that his exchange will have to begin collecting basic personal information of its users, and there will be five membership levels. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Shapeshift Membership Mandatory Soon … Read more
