Bookmarking Crypto Insights
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Digital currencies can shift some functions usually performed by the government to the private sector, the U.S. Deputy Treasury Secretary argued Go to Source Powered by WPeMatico
Reports show that fiat currency is still the favorite choice for money laundering, with 2–5% of all transactions being illicit, yet regulators ferociously attack AML policies Go to Source Powered by WPeMatico
FBI director Christopher Wray said that cryptocurrencies present a significant and growing problem for the agency Go to Source Powered by WPeMatico
The Australian Minister of Home Affairs warned that terrorists are exploiting cryptocurrencies to “fund their deadly missions” Go to Source Powered by WPeMatico
Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative effect on my own experience, thanks to the same regulations, … Read more
A recent article from MIT Technology Review has leveraged a somewhat sensationalist headline to stir up fear about bitcoin and crypto. The article, written about a “hidden” government weapon to be deployed against Bitcoin, references September 3 senate subcommittee testimony by Washington D.C. consulting firm Financial Integrity Network. In the testimony, Vice President of the … Read more
U.S. Secretary of State Pompeo believes that Bitcoin should be regulated the same way as other electronic financial transactions Go to Source Powered by WPeMatico
Regulated financial institutions prefer virgin Bitcoin over normal BTC because of their “clean” transaction history Go to Source Powered by WPeMatico
On July 16, U.S. Department of the Treasury Secretary Steven Mnuchin gave a short press briefing discussing cryptocurrencies and the pressing need for regulation. A 28-minute slodge of alphabet agency soup, studded with calculated mentions of “terrorism” nearly every minute, casual observers were left confused. Are we talking about crypto or biological weapons of mass … Read more
Governments and central banking regulatory bodies continue to express concern about crypto being used for criminal purposes and terror. The terror campaigns of these very same governments continue unabated, however. In the wake of the V20 summit it might seem that lawmakers actually care about stopping darknet crime, money laundering, and other abuses facilitated by … Read more
