Treasury Department Issues Guidance on Using Crypto to Evade Sanctions
The White House said earlier in the day that such guidance would be forthcoming. Source
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Issues
Fantom Foundation issues clarification statement about departure of Andre Cronje and Anton Nell
Recently, media outlet Rekt.news made striking accusations about Fantom Opera, a layer-2 Ethereum scaling solution, after the foundation’s technical adviser Andre Cronje and senior solutions architect Anton Nell announced they were leaving the crypto space entirely. Almost immediately, concerns from the community arose after Nell tweeted, “There are around ~25 apps and services
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Bank of Israel issues draft guidelines on cryptocurrency AML/CFT
On Friday, the Bank of Israel published a draft regulation on Anti-Money-Laundering and Combatting the Financing of Terrorism (AML/CFT) risk management for the banks facilitating crypto-to-fiat transactions.The move hints at the Israeli government’s preparations to legalize and regulate the relationship between banks and virtual currency service providers (VASPs). The document cites
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FCA issues termination order for Bitcoin ATMs
Financial Conduct Authority (FCA), United Kingdom’s central financial regulator, has issued a damning verdict on the presence of Bitcoin (BTC) ATMs within the island country.In what has come as a surprise to many within the industry, the U.K. authority has issued a stern “shut down or face further action“ order
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Profit Booking in Bitcoin, Ether After Biden Issues Crypto Order
Bitcoin gained and lost $200 in the minutes after a much-awaited order was issued in the U.S. Original Source
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FinCEN Issues ‘Red Flags’ on Potential Sanctions Evasion Using Cryptocurrency – Regulation Bitcoin News
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it has not seen “widespread evasion” of its sanctions using cryptocurrency. FinCEN Warns About Sanctions Evasion The Financial Crimes Enforcement Network (FinCEN), a
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Cent NFT Marketplace Suspends Activity Due to Plagiarism Issues – Bitcoin News
Cent, one of the first marketplaces to allow people to sell tweets as NFTs, has suspended almost all of its activity due to plagiarism-related problems. According to its CEO and co-founder Cameron Hejazi, people keep selling NFTs of other NFTs or using content that is not owned by them originally
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‘Wave of litigation’ to hit NFT space as copyright issues abound
Ownership is one of the most critical aspects of nonfungible tokens (NFT). They are a representation of the evolution of execution and ownership of art, content, music, in-game assets, etc., since they are digital assets with distinctive identities that are verifiable on a blockchain network. However, they have also created
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South African Regulator Issues Warning on FTX, Bybit
South Africa's financial watchdog issued a notice warning consumers to be "cautious and vigilant" when dealing with crypto exchanges FTX and Bybit.The Financial Sector Conduct Authority said Tuesday that FTX is not authorized to trade in contracts for difference (CFDs), which are instruments that allow traders to speculate on the
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Decentralized Cloud Storage as a Response to Cybersecurity Issues
Cybersecurity trends in 2021 involve attacks at higher rates than in the past. Centralized storage solutions are prone to plenty of data protection challenges. StorX aims to introduce users to Decentralized storage solutions with blockchain. Cybersecurity had a difficult time in 2021 with high-profile breaches such as Colonial Pipeline and Solar Winds. Aside
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