The effectiveness of the application of regulatory sanctions in the digital currency network Libra will be higher than that of other payment systems. This was stated by Calibra CEO David Marcus during a speech at the Money 20/20 USA conference, Finextra reports. “Digital payment technology is more traceable than when it comes to cash, and will be even safer when working in real time,” […]
FATF
A memorandum was signed in the Verkhovna Rada of Ukraine, designed to give the green light to blockchain technologies in the country. It is alleged that the legislative, executive branches of government and business for the first time were able to come to a "clear consensus." The document was concluded between the Verkhovna Rada Committee on Digital Transformation, the Ministry of Digital Transformation, the Blockchain4Ukraine inter-factional parliamentary association, the Office of Effective Regulation (BRDO), a number of specialized associations and market participants. How […]
The G20 said that stablecoins threaten the global monetary system and financial stability, and asked the IMF to assess the risks associated with them, reports Reuters. G20 countries will develop stablecoins based on recommendations from the Financial Stability Board (SPS) and the Anti-Money Laundering Development Group (FATF), which will provide relevant conclusions in 2020. “Until […]
The spread of stablecoins like Facebook's Libra can have serious implications for global efforts to stop money laundering and terrorist financing, said FATF President Xiangming Liu. It is reported by Reuters. “If stable coins become widespread, this may lead to new risks associated with money laundering and the financing of terrorism,” said the head of the Group for the Development of Financial Measures […]
The Supreme Court of India adjourned the third closing hearing on the ban of the Reserve Bank (RBI) regarding the provision of services to individuals and companies related to Bitcoin and other digital currencies. #Correction: #Crypto v. #RBI case update: The date of next hearing was fixed and verbally communicated by the Judge as 12th November. But since 12th November is a holiday as […]
OKEx Korea cryptocurrency exchange has suspended the process of withdrawing from the auction two coins with a focus on user privacy. In particular, ZCash and Dash will undergo additional study, reports CoinDesk with reference to the statement of the exchange. At the same time, the decision regarding Monero, Horizen and Super Bitcoin, about which OKEx Korea reported delisting in September, remains in force and […]
On Monday, October 7, a meeting was held on the regulation of the cryptocurrency and blockchain industry in Ukraine. Representatives of the Ministry of Digital Transformation, the Verkhovna Rada, the Office of Effective Regulation (BRDO), as well as relevant associations and businesses participated in it. The meeting was organized by the recently formed inter-faction parliamentary group Blockchain4Ukraine. Among the main steps developed during the event: the development of terminology for further regulation of the industry. In particular, […]
Bittrex, the U.S. cryptocurrency exchange, has implemented Chainalysis blockchain startup software for marking suspicious transactions in real-time Chainalysis KYT, CoinDesk reports. The system alerts you to potentially illegal transactions in 15 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, ERC20 tokens and stablecoins. In June, the FATF Anti-Money Laundering Development Group (FATF) tightened cryptocurrency regulation requirements […]
The leading South Korean bitcoin exchange Upbit has announced the delisting of six cryptocurrency users focused on anonymity. These included Monero (XMR), DASH, ZCash (ZEC), Haven (XHV), BitTube (TUBE) and PIVX. According to a message on the platform’s website, support for these cryptocurrencies will be discontinued from Monday, September 30. Until this date, the exchange will cease to accept deposits in these assets, all will be canceled […]
Netki's Digital Identity Service Provider has made changes to its functionality to ensure customers comply with FATF standards. Two new functions have been added to the TransactID service: the ability to split a user's certificate of identity into smaller pieces of personal information (PII) and the right of senders and recipients of funds to request PII from each other. “There used to be one major atomic transaction in which the parties exchanged […]