The European Parliament on Tuesday approved new rules that aim to prevent crypto from being used for money laundering purposes. The most important part of the new legislation for crypto users is a new €1,000 ($1,080) cap on anonymous crypto transactions, meaning transactions that are made between self-hosted wallets where the user cannot be identified….…
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According to a report, the recently arrested Terraform Labs co-founder Do Kwon was able to register a company in Serbia just a few weeks after Interpol issued a Red Notice for him. Lawyers that helped Kwon form a company in Serbia reportedly said they were not aware of Interpol’s Red Notice against their client. Do…
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Senator Andrew Bragg has introduced a bill proposing regulatory standards for the cryptocurrency industry in Australia. A new bill has been introduced to the Australian Parliament proposing regulations for providing cryptocurrency services in the country. Senator Andrew Bragg submitted a private senators’ bill titled Digital Assets (Market Regulation) Bill 2023 to “protect consumers and promote…
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Binance CEO Changpeng Zhao (CZ) has addressed the allegations against him by the U.S. Commodity Futures Trading Commission (CFTC). “We do not agree with the characterization of many of the issues alleged in the complaint,” the executive stressed. CZ Responds to CFTC’s Allegations The CEO of cryptocurrency exchange Binance, Changpeng Zhao (CZ), published a blog…
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According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with…
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Lawmakers in the European Union (EU) will vote on a new set of crypto regulations on Tuesday that could ban large crypto transfers from self-hosted wallets. The new regulations are part of a renewed focus in the EU on crypto and its potential use for money laundering. EU lawmakers will, among other things, decide on…
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Ethereum co-founder Joseph Lubin says the strength of the crypto ecosystem “has never been better or stronger.” He believes “more clarity” from regulators would be helpful for the crypto industry. “I think our industry has suffered from having two major factions lumped into one: the money-crypto faction … and the tech-crypto faction,” he explained. Ethereum’s…
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After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth…
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Japan is set to make another attempt to convince G7 and G20 leaders to adopt streamlined crypto regulations. Per Kyodo News, the Japanese government is set to take advantage of the fact that it will host a G7 summit in Hiroshima this May. Host nations are allowed to add items to the summit’s agenda…. Read…
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