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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VanEck: We’re ‘Cautiously Optimistic’ on Bitcoin ETF Approval

Gabur Gurbacs, Director of Digital Assets Strategy at VanEck has expressed optimism over the SEC’s impending decision on the long-mooted Bitcoin exchange-traded fund (ETF) proposal by VanEck and SolidX. Speaking to host Brad Smith during an appearance on Cheddar, Gurbacs stated that while the market clearly wants a bitcoin ETF, the only update available is

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Malaysia’s Central Bank, Securities Regulator to Coordinate for Crypto Regulation

The Malaysian central bank and the securities regulator have indicated that they will collaborate in implementing a regulatory framework for cryptocurrencies and ICO tokens. In a joint statement, Securities Commission Malaysia and Bank Negara Malaysia disclosed that this arrangement will be restricted to ensuring compliance only with the regulations and laws that fall under the

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Digital Currency Risks Being Monitored: Nigeria’s Depositor Funds Insurer

Nigeria’s depositor protection body has said that the country is monitoring the risks associated with digital currencies. According to a deputy director at the Nigeria Deposit Insurance Corporation (NDIC), Kabir Katata, this is ongoing process is being done with a view of resolving concerns that may arise with regards to protecting the general public. “We

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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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Backlash as Nigerian Bank Threatens to Restrict Crypto-Related Accounts

Union Bank of Nigeria PLC, Nigeria’s sixth largest bank by assets has issued a general notice informing its customers that henceforth all accounts linked to cryptocurrency trading activities will be monitored and may be subject to restrictions going forward. Originally owned by Barclays Bank before becoming locally owned in 1979, the bank is one of

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TKO: Floyd Mayweather, DJ Khaled Knocked out by SEC Probe into ICO Promos

Pro boxing champ Floyd Mayweather Jr. and music producer DJ Khaled agreed to pay the Securities and Exchange Commission a combined $767,500 to settle charges of illegally promoting ICOs. These are first cases the SEC has brought violations involving ICO promotion. The SEC noted that using celebrity endorsers was a crucial part of the ICO issuers’ promotional

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Ohio Is ‘Planting A Flag’ And ‘Embracing Cryptocurrency’: State Treasurer

Asked on Bloomberg News Thursday morning “just how big a deal” it is that Ohio now accepts cryptocurrencies for tax payments, Ohio State Treasurer Josh Mandel responded in kind saying that Ohio is “proud to do its small part” by being the first in the nation to do so. Speaking from a true position of

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Nigeria’s Biggest Opposition Candidate Promises Cryptocurrency Regulation

Ahead of Nigeria’s general elections in February 2019, Atiku Abubakar, the presidential candidate of the People’s Democratic Party (PDP)-  the country’s largest opposition party – has included the creation of a “comprehensive blockchain and digital currency policy” in his policy document. The move comes as a significant surprise as the country’s regulatory establishment led by

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Crackdown: Colorado Regulator Takes Down Four More ICOs

The Colorado State Department of Regulatory Agencies (DORA) has taken action against four more ICOs, ordering them to immediately cease and desist from carrying out all activities in violation of state finance laws. In a November 20 press release posted on the regulator’s website, it was revealed that with these four new additions, Colorado Securities Commissioner

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