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The Blockchain Association and Crypto Council for Innovation said the terrorist group Hamas had reportedly curtailed using Bitcoin as authorities could more easily track funds. Go to Source
According to the U.S. Treasury, terrorist groups including Hamas, ISIS, and an al-Qaeda affiliate used the Buy Cash Money and Money Transfer Company to transfer funds. Go to Source
The Israeli Ministries of Defense and Justice and a number of intelligence and enforcement agencies collaborated, Chainalysis also pitched in. Go to Source Powered by WPeMatico
Uday Kotak, the CEO of Kotak Mahindra Bank, a financial institution based in India, recently expressed his view on the dominance of the U.S. dollar in global financial markets. Kotak stated that the U.S. dollar has “disproportionate power” as a reserve currency, retracting his previous statement in which he referred to the currency as the … Read more
Government should develop Know Your Customer procedures for social media and messaging services and take stronger measures to track cryptocurrency transactions. Go to Source Powered by WPeMatico
The Cuban government has issued new regulations concerning the operation of virtual asset service providers (VASPs) in the country. In an official resolution, the Bank of Cuba establishes specific procedures that these individuals or companies must follow to operate legally in the country, after establishing a general framework in August. Bank of Cuba Clarifies Rules … Read more
The Israeli government is now reportedly in the process of reviewing several crypto firms to issue operating licenses. Go to Source Powered by WPeMatico
The United States is offering crypto assets to incentivize white-hat hackers to uncover state-sponsored actors and potential terrorists on the dark web. Go to Source Powered by WPeMatico
When Satoshi Nakamoto released the Bitcoin white paper in October 2008, it likely wasn’t with the idea that governments and central banks needed to recognize, adopt, and regulate Bitcoin for everyone’s benefit. To the contrary, if anything can be taken away from that document and the message encoded in the genesis block, it’s that centralized … Read more
U.S. Congress subcommittee says that bank reporting methods led to Capitol attack arrests but worries that Bitcoin might have helped fund the insurrection. Go to Source Powered by WPeMatico
