FATF: UK Crypto Exchanges Pose ‘Low’ Money Laundering, Terrorist Financing Risk

The Financial Action Task Force (FATF) revealed that crypto exchanges operating in the United Kingdom pose low money laundering (ML) and terrorist financing (TF) risks. The global standard setter for ML/TF published a report to evaluate the overall efforts that the UK has put in combating the money-related illegal activities. As the study touched on

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Newsflash: Japanese Prosecutors Want Former Mt Gox CEO Jailed for 10 Years

The former CEO of the now-defunct bitcoin exchange Mt Gox, Mark Karpeles, could face up to decade in prison if prosecutors have their way. According to the Nikkei Asian Review, prosecutors are seeking a 10-year jail term for Mark Karpeles for embezzlement. Among the claims made by prosecutors at the Tokyo District Court include the

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Brazilian Crypto Exchange Mistakenly Sends User $35 Million on $127 Withdrawal

Brazilian crypto exchange Bitcambio has reportedly sent one of its users a whopping RS $137 million – equivalent to about $35 million – after the user attempted to withdraw 500 reals, worth roughly $127. According to local news outlet Portal do Bitcoin, the cryptocurrency exchange started calling the user, Kaique Nunes, about the withdrawal shortly

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Binance Extends Support For Larger Trading Firms With New Sub-Account Feature

Binance has released what it describes as a “long-awaited” feature on its exchange, sub-accounts. Sub-accounts will be accounts that do not have full control over the assets in the trading account – ideal for trading firms who are looking to get into cryptocurrency and firms that are already trading in cryptocurrency with multiple desks. At

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Japanese Police See Surge in Suspicious Cryptocurrency Trade Reporting

The National Police Agency of Japan has revealed that between January and October this year, it recorded 5,944 reports from crypto exchanges regarding suspicious cryptocurrency transactions possibly involving money laundering and tax evasion. Figures reported by Jiji Press show that from 699 cases reported last year, the numbers have multiplied more than eight-fold, which the

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No Bitcoin ETF Before Important Changes to BTC Markets: SEC Chairman

SEC Chairman Jay Clayton has claimed that bitcoin exchanges lack sufficient transparency and monitoring for the market to see approved Bitcoin Exchange Traded Funds (ETFs). According to CNBC, at the Consensus Invest Conference in New York City recently, Clayton said: What investors expect is that trading in the commodity that underlies that ETF makes sense

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HBUS Launches Crypto Billboard Campaign Mocking Coinbase And Wall Street

The newer HBUS cryptocurrency exchange has taken its message to the streets with a new billboard campaign. According to a blog post by the exchange themselves, they are the first in the nation to do this, and we find nothing to the contrary. However, there have been other Bitcoin-related billboard campaigns, like the one Genesis

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Huobi Launches Multi-Stablecoin HUSD

For some, perhaps the only thing better than a stablecoin is a universal stablecoin – one that’s usable wherever stablecoins are accepted. That’s what Huobi has launched in its new HUSD token, which supports four major stablecoins: Gemini Dollar, Paxos Standard, USDCoin, and True USD. The function is simple enough – by holding HUSD, users

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Crypto Exchange Giant Binance Creates Combined Stablecoin Market

Interesting moves are afoot in stablecoin land. Major crypto trading platform Binance, which is the top exchange by volume – doing nearly twice the 24-hour volume of its nearest competitor at time of writing – has announced that it is creating a new unified stablecoin market. While they haven’t released full details on this new

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BitMEX CEO Arthur Hayes: 2019 to Be ‘Year of Reckoning’ for Major ICO Funds

In a recent newsletter, BitMEX CEO revealed research done by BitMEX which listed 12 ICOs that raised more than $50 million in ICO but have yet go live on any secondary exchanges. The tokens listed were: Telegram Filecoin DFINITY Polkadot tZero Basis Orchid Protocol Rootstock Algorand Cosmos Oasis Labs He added: These deals have massive

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