The Financial Action Task Force on Money Laundering (FATF) has called on the UK government to strengthen oversight of the cryptocurrency industry. The FATF noted that at the moment the authorities are studying the risks associated with virtual currencies and are working on new legal norms. However, according to the report, the current British legislation needs to be improved. It is noted that cryptobirds in the country are at risk, so the improved rules should strengthen the fight against money laundering and the financing of terrorism. Recall that next year the FATF will introduce cryptocurrency regulation standards. Download the BlockchainJournal…
Author: BlockchainJournal
cryptocurrency for payment This week, the KFC restaurant chain will start accepting payment in Dash's cryptocurrency in Venezuela. About this writes Forbes with reference to the co-founder of Dash Help, Dash Merchant Venezuela and Dash Text Alejandro Echeverria. This information was also confirmed by Dash’s PR manager Mark Mason on Twitter. ? @ForbesCrypto Exclusive! – the Starting next week, #KFC ?? in #Venezuela ?? will of the begin Accepting @Dashpay payments, Adding to the number of food outlets such as with the #subway & @PapaJohns ? That are taking #Dash for payment! #Cryptocurreny #FinTech https://t.co/B6ULbE50kv – Mark Mason (@StayDashy) December…
This week the Society for Worldwide Interbank Financial Channels SWIFT announced its readiness to launch a demonstration version of the Global Payment Initiative (GPI) aimed at maintaining the organization’s status in the context of the proliferation of alternative blockchain solutions for organizing communication between financial institutions, including the proposed Ripple and JPMorgan. He writes about CCN . The GPI project is still in the early stages of development and aims to: “Creating a basis for a new integrated and interactive service that will significantly reduce the inefficiencies in the payment process and ultimately make the SWIFT network accessible to all…
Bitcoin lost almost 5% of its peak on Sunday; nevertheless, it is still about 8% higher than the new low of 2018 reached on December 7th. The cryptocurrency market managed to recover in the short term, but the bulls are losing their enthusiasm amid gloomy sentiment. On intraday charts, the BTC / USD pair dropped below the middle line of the Bollinger band (1-hour chart) and found support at the level of $ 3,460, created by SMA100 (1 hour). This support is followed by a level of 3,440 US dollars, reinforced by the lower line of the above-mentioned Bollinger band…
Helio from Melbourne began issuing loans secured by cryptocurrencies, Bitcoin.com reports. The service allows Helio clients to borrow from 1000 Australian dollars ($ 720) on the security of cryptocurrency assets . At the moment, the company accepts Bitcoin, Ether, Litecoin and Ripple. Helio client crypto assets are stored in a secure wallet, company representatives say. In case of default, the company may sell cryptocurrency to cover losses. Helio has a credit license (ACL) issued by the Australian Securities and Investments Commission (ASIC). As the company's founder, John O'Shea, stated, Helio was the first licensed organization in Australia to launch this…
The 2018th was a difficult year for the airwaves. What awaits cryptocurrency next year? How much will Ethereum (ETH) cost in 2019? Will its price soar to transcendental heights or will it drop to zero? Many experts believe that along with the growing popularity and prevalence of the blockchain, the cost and reputation of the broadcast will increase accordingly. The portal Chepicap surveyed various cryptocurrency experts and presented their forecasts for the price of the broadcast. Matthew De Silva: Near zero Matthew De Silva, a cryptocurrency journalist for Quartz, announced his forecast in September, when the price of ETH collapsed…
The InnovaMinex project, implementing blockchain technology to track the history of gold mining, processing and transportation, announced the completion of the first stage of its ICO. The project claims that with the help of the blockchain, the “ethical” and “transparency” of the entire gold supply chain can be guaranteed, since the precious metal is certified at each of the delivery stages. Certificates are written in the blockchain, which provides ease in determining the origin of the metal. InnovaMinex is a shareholder of MinexCorp, which owns gold mines in Colombia and mines precious metals there, and also produces collectible coins and…
Taking into account the fall in Bitcoin value in November-December 2018, the mining industry was under threat because the cost of producing the first cryptocurrency in many countries exceeds its cost (at the time of writing, the cost was fixed at $ 3,400 by Coinmarketcap). Elite Features in early 2018 published a study, which provides data on the cost of mining one Bitcoin coin in different countries. In total, there are 115 states in the list, and only in 20 countries the cost of the first cryptocurrency is below $ 3,000. In addition, most countries have problems for the industry…
The US Securities and Exchange Commission (SEC) issued a notice this Thursday, according to which the application for creating a stock exchange traded fund ( Bitcoin-ETF ) issued by VanEck together with Cboe BZX Exchange and SolidX can be used for everything available for this time in accordance with the requirements of the law. "The Commission considers it appropriate to allocate a longer period for making approval or disapproval of the proposed rule change in order to have enough time to consider the relevant proposal for a rule change," she writes. The VanEck application was filed on June 20th. On…
Edward Snowden, a former employee of the US National Security Agency, who several years ago told the whole world about total surveillance of citizens of different countries, outlined his thoughts on Bitcoin and blockchain technology. “I really like Bitcoin’s fairness and fairness” Snowden considers cryptocurrency transactions "impartial." This means that the process goes without the participation of large banks; only the parties to the transaction decide what to do with the money. For example, banks can make their own payments, and cryptocurrencies don't care who sends money to whom. Digital currencies will be appreciated as long as "as long as…