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Policy“What I discourage here at the CFTC is bringing enforcement actions without giving [crypto firms] the tools they need to be compliant.” Stump said.By Jamie CrawleyDec 8, 2021 at 9:42 a.m. UTCUpdated Dec 8, 2021 at 9:42 a.m. UTCCFTC (Shutterstock) Original Source
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One of the largest bitcoin miners, Riot Blockchain (RIOT), raised its 2022 guidance for its mining power to 9.0 exahash per second (EH/s) from the previous forecast of 8.6 EH/s, marking the second increase to its 2022 guidance within a month.Riot attributed the increase to the purchase of 3,000 of
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Voyager, a publicly-traded cryptocurrency exchange, says total funded accounts exceed 860,000 and were up 29% from 665,000 at fiscal year-end June 30. Total assets under management (AUM) reached $4.3 billion from $2.6 billion at June 30, with AUM currently of just under $7 billion. Source
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FATF warns regulators to not blindly accept the crypto industry marketing that loosely calls various platforms “decentralized.” In function, these platforms typically have a natural, if not legal, person somewhere who controls or influences their activities. The term “controls or influences” is key and offers a framework to analyze who
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The Castle Rock, Colorado based miner cited a recently completed $54 million purchase order for 9,000 S19j Pro miners with Bitmain for the increase in its forecast. The mining computers are expected to be delivered and deployed from May through October 2022. Original Source
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Decentralized finance, or DeFi, continues driving more interest from regulators and is becoming a part of the major international rules designed for virtual asset service providers, or VASPs.On Thursday, the Financial Action Task Force, or FATF, issued a new update to its 2019 guidance to a risk-based approach for virtual assets
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“We recognize that there are a number of areas where both countries and the private sector have wanted more guidance from the FATF level about how they can implement this in practice,” said FATF Policy Analyst Ken Menz in an interview with CoinDesk. “I think this really shows just how
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As well as further clarification on the definition of VASPs, the guidance explains how FATF standards apply to stablecoins, Pleyer said. He also mentioned FATF’s expectation that countries will implement standards for the so-called “Travel Rule” for cryptocurrency transactions “as soon as possible.” Source
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Nassim Eddequiouaq and Riyaz Faizullabhoy are joining the venture giant’s crypto-focused arm from Facebook, where they co-created the Novi wallet’s crypto custody infrastructure.Oct 12, 2021 at 12:56 a.m. UTCUpdated Oct 12, 2021 at 12:56 a.m. UTCAndreessen Horowitz (a16z) co-founder Marc Andreessen (JD Lasica/Flickr) Original Source
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