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Thirty-five countries and the European Commission have asked the Financial Action Task Force (FATF), responsible for setting global anti-money laundering (AML) policies, to revise its standards relating to cryptocurrencies. The organization promised to present its revised AML countermeasures for cryptocurrencies at the upcoming G20 meeting of finance ministers. Also read: Indians Look to Buy Bitcoin Overseas … Read more
50 Cent admits he never owned any Bitcoin, but did not deny the press reports due to a “favorable image”. #NEWS Go to Source Powered by WPeMatico
Over the past few months, the U.S. government and its special agencies have been ramping up their efforts to try to regulate bitcoin and digital currencies. This week the Justice Department’s Deputy Attorney General Rod Rosenstein spoke about cryptocurrencies at the Financial Services Roundtable this Monday in Washington, DC. Also read: Sixth Grader Writes a 57-Page … Read more
Another major Thai bank is reportedly terminating transactions involving cryptocurrencies through the bank accounts of a local crypto exchange. This decision follows a similar move by another major Thai bank, Bangkok Bank, to terminate the same exchange’s bank accounts. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Second Bank Closes Account of Crypto … Read more
Cryptocurrency will enjoy “wider use” in future after current volatility, BlackRock has said. #NEWS Go to Source Powered by WPeMatico
Bitwala has announced that it is launching a new banking service with real debit cards. Its application with the Federal Financial Supervisory Authority of Germany (Bafin) is pending. Once approved, customers’ funds will be guaranteed up to €100,000. The move follows the suspension of the company’s prepaid Visa cards. Also read: Indians Look to Buy Bitcoin Overseas … Read more
Cryptocurrency venture capital firm announces investment in pro-crypto Silvergate Bank. #NEWS Go to Source Powered by WPeMatico
Early adopters of cryptocurrency don’t have the discipline to just buy and hold it for the long run. #EXPERT_TAKE Go to Source Powered by WPeMatico
Last year, Apple’s co-founder Steve Wozniak (Woz) revealed he’d purchased bitcoin, likening it to being better than gold. And then, months later, Woz announced he’d sold it all. In the process of selling off his gains, it turns out he was defrauded out of a substantial sum. Also read: How To Regain Control From Nanny Zuck … Read more
Japanese cryptocurrency exchange Coincheck is reportedly considering a capital tie-up in order to regain the trust of crypto investors, following a recent hack where 58 billion yen worth of cryptocurrency was lost. As multiple victim groups are preparing to sue the exchange, the Tokyo police is also stepping up its investigations. Also read: Indians Look to … Read more
