The Assistant Commissioner of the City of London Police said the partnership with Komainu would help in “denying criminality the proceeds of crime.” Digital asset custodian Komainu is working with authorities in the United Kingdom to store crypto confiscated as part of criminal investigations. Komainu is a custody venture from Japan-based global investment bank Nomura,…
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President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry. One of the first actions President Joe Biden has taken on his first day in office is to freeze Federal regulatory process, including the controversial self-hosted crypto wallet regulations proposed by former Treasury Secretary Steven Mnuchin. The announcement…
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Janet Yellen claimed many cryptocurrencies are used “mainly for illicit financing.” Janet Yellen, a former leader at the Federal Reserve and Joe Biden’s pick for Treasury Secretary, is still suspicious of crypto as a threat for illicit financing. In a virtual hearing of the U.S. Senate Finance Committee held today, Yellen faced questions on combating…
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As the crypto markets mature and institutional money flows into the space, technology to detect fraud and money laundering involving digital assets is more important than ever. The crypto industry has boomed over the past 12 months. While 2019 began with a total market cap of $200 billion, the explosion in Bitcoin’s value resulted in…
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While the OCC’s new stablecoin guidance doesn’t have an impact on JPM Coin, it could lead to crypto payments if there’s demand During JP Morgan Chase’s Q4 2020 earnings call, CEO Jamie Dimon and CFO Jennifer Piepszak weighed in on the OCC’s recent approval of banks using stablecoins for payments, as well as whether or…
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The exchange will unite with Binance.UK, Coinbase, CryptoCompare, Ripple, eToro, and others in leading the association’s strategic direction. Digital asset exchange Dacxi is joining CryptoUK, a self-regulatory trade association for the U.K. cryptocurrency industry. According to an announcement from CryptoUK today, Dacxi will be joining the group as its 8th executive member alongside exchanges Binance.UK,…
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Gensler taught a course on “blockchain technology’s potential use — by entrepreneurs and incumbents — to change the world of money and finance.” President-elect Biden has finally decided on his nominee to head the Securities and Exchange Commission. At least according to Reuters’ anonymous sourcing in a Tuesday report, Gary Gensler will be Biden’s nominee…
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The website accepting comments on the proposed FinCEN rule shows crypto users have until Jan. 7, not Jan. 4 as the regulator claimed. The United States Treasury Department may have accidentally widened the window of opportunity for anyone wishing to submit comments regarding the Financial Crimes Enforcement Network’s new crypto rules. Last month, the Financial…
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Many gamblers may no longer need to use Bitcoin ATMs in casinos, as they could transfer their crypto directly to casino gaming accounts. The largest manufacturer of slot machines in the world has just received a patent that would allow customers to access crypto payments for gambling. According to records from the United States Patent…
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A U.K. judge ruled against extraditing the WikiLeaks founder to the U.S. in response to his legal team arguing he would have a “high risk of serious depression leading to suicide.” Amid speculation on social media that United States President Donald Trump may still pardon Julian Assange before leaving office, lawyers are preparing the WikiLeaks…
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