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United States Congress is considering a draft bill that claims all managed stablecoins must be seen as investment contracts and therefore as securities.Libra in the United StatesThe U.S. Representative for Texas's 29th congressional district, Sylvia Garcia, introduced a draft bill to the House Financial Services Committee on Oct. 18.
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The Financial Action Task Force’s (FATF) crypto regulations will trigger a shift of criminal activity from Bitcoin (BTC) to privacy coins, it has been claimed.Criminals mostly use BTC and ETH to dateDavid Jevans, CEO of major crypto transaction tracking firm CipherTrace, shared his remarks about criminal use of cryptocurrencies
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Mark Zuckerberg, the founder of social media giant Facebook, plans to tell United States Congress that Libra will not launch anywhere in the world until U.S. regulators approve it.Libra won’t launch anywhere without Congressional approvalPer Zuckerberg’s prepared remarks released on Oct. 22 in advance of planned hearings before the
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Anthony Pompliano’s Morgan Creek Capital Management firm established a blockchain fund to explore opportunities using distributed ledgers.On Oct. 18, the cryptocurrency asset management firm Morgan Creek submitted a filling for its second blockchain fund to the United States Securities and Exchange Commission (SEC) and has so far raised nearly
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Ever since the potential launch of Facebook’s Libra was announced by the social media behemoth, the company’s cryptocurrency project has lurched from one problem to the next. Regulators from different parts of the world had voiced their concerns about the Libra cryptocurrency, and even the President of the United States
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The German Federal Ministry of Finance has expressed concerns about rising use of privacy tokens due to their association with criminal activities and difficulties in tracking them.Published on Oct. 19, the ministry’s “First Money Laundering and Terrorist Financing National Risk Assessment” for 2018-2019 provided analysis aimed at the identification
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In an interview with CryptoX on Friday, Oct. 18, United States Representative Warren Davidson gave his thoughts on the Securities Exchange Commission’s (SEC) flawed approach to regulating digital assets as well as Mark Zuckerberg’s upcoming Oct. 23 testimony before the House Financial Services Committee.Congressman Davidson (R-OH) is a figure
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A compromised version of the Tor browser has targeted Russian-speaking users, spied on them while they were roaming the dark web, and stole their Bitcoin(BTC)trade funds as they were attempting to purchase with BTC on dark web markets.The infected Tor browser reportedly switched the Bitcoin address to which users were
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One week ago Harmony announced that they have implemented social mining. The first-ever DAO on Harmony as they seek bigger decentralization and for a better reward system for their community. Due to legal reasons, there will be KYC needed in the Harmony case. The KYC form will depend on a payout
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India is readying itself for a major revision of its cryptocurrency policies. In this regard, it has been approached by officials of many governments who have informed the Indian government about possible global risks associated with digital currencies.India’s finance minister, Nirmala Sitharaman, noted positively that all nations who have raised
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