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FATF’s Regulations to Push Criminals to Privacy Coins: CipherTrace CEO

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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Central Banks Have Three Options for Crypto Regulations, Says Official

Denis Beau, the deputy governor of France’s central bank, Banque de France, recently delivered comments regarding the approach of central banks to cryptocurrencies.Establish appropriate cryptocurrency regulations On Oct. 16, Beau spoke at the Official Monetary and Financial Institutions Forum conference in London, where he discussed the role of cryptocurrency assets in

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Libra to Be at the Center of the EU’s New Crypto Regulations

Libra will be the focus of the cryptocurrency regulatory framework planned by the European Union’s finance commissioner Valdis Dombrovskis. “Common Approach” Needed, Says Commission VP The former Latvian Prime Minister has been the Vice President of the European Commission since 2014 and said in his bid to be reappointed that the EU needs

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Hong Kong’s SFC Releases Regulations for Crypto Fund Managers

Hong Kong's securities regulator, the Securities and Futures Commission (SFC), has officially released regulations for crypto fund managers. The SFC published the regulatory circular on its website on Oct. 4.In the 37-page document titled “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets,”

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US Treasury Under Secretary: Facebook Libra Must Uphold Strict Regulations

If Facebook’s crypto project Libra wants to survive in the US, it must ensure building a system that does not let criminals hide, and that is capable of tackling problems associated with terrorism funding and money laundering, said the US Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, on

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Thailand: BX Bitcoin Exchange Shutdown Attributed to Stringent Regulations

More updates have emerged regarding the closure of one of Thailand’s largest Bitcoin exchanges, reports the Bangkok Post. Sources say the move was due to the platform not being keen on complying with some of the more stringent anti-money laundering (AML) provisions set forth by regulators. Providing Customer Information As previously reported

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South Korea’s Crypto Firms Leave the Country Due to Tough Domestic Regulations

As reported by BusinessKorea, one of South Korea’s leading business news portal, a new trend of South Korean blockchain projects listing their crypto ventures on foreign exchanges has started to increase significantly in magnitude. Overseas exchanges have now started focusing on the Korean won market to attract more blockchain initiatives

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