Cryptocurrency Analysis and News Portal
Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the country as part of the new modifications. The changes would prepare the country for the review that the Financial Action
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Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and regulated non-banks. The New York Fed details that the proof of concept
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As CryptoX earlier reported, FTX was used as a platform for merchants, which would register an account and receive payment for their goods in crypto. Then those merchants could immediately turn it into fiat if they wanted, according to the technical lead of Ukrainian government's crypto fundraise Michael Chobanyan, CEO
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European Parliament economics committee member Stefan Berger has compared the current situation with FTX to the 2008 financial crisis, using “such Lehman Brothers moments” in justifying the need for regulating crypto.In a Nov. 9 tweet, Berger said proper regulation was needed to avoid issues which “cost enormous trust” in the
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Since 2018, the international body has looked to define virtual assets and service providers in order to apply guidelines for anti-money laundering (AML) and combatting the financing of terrorism (CFT) to the crypto industry. In 2021, it published updated guidance for virtual asset service providers. Earlier this year, it said
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Money crypto and tech crypto present different risks that public policy might address. In money crypto, the risks look more or less as they do in traditional finance: third-party custody, third-party-facilitated payments, retail investor protection, illicit finance and market manipulation, among other things. CeFi looks a lot like traditional finance
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What’s more, the S&P 500 got whipped around even more than bitcoin (BTC) – you know, the famously volatile Magic Internet Money. The Fed press release came out at 2 p.m. ET. The S&P 500’s gain peaked at 0.7% about a half hour later, but it ended the day down
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Whether we like it or not, money is going digital – truly digital, not Zelle- or Venmo-on-banking digital – which means the age-old system through which human beings generate, record and exchange value is about to undergo radical change. It’s vitally important for all of us that the laws that
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Circle, the issuer behind USD Coin (UDSC), announced that it has now begun to invest part of its funds in Circle Reserve Fund, created earlier in a partnership with the world’s largest asset manager, BlackRock. The move came as a part of Circle’s effort to minimize risks and guarantee its holders
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Moneygram has launched a new crypto service to allow customers to buy, sell, and store cryptocurrencies using its mobile money transfer app. Initially, three cryptocurrencies are supported, including bitcoin and ethereum. Moneygram’s New Crypto Service Moneygram International Inc. (Nasdaq: MGI) announced the launch of a new cryptocurrency service Tuesday. The official Twitter
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