Home > Regulators

US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines

[sociallocker id="55298"] Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering.According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers.Jeffries urged “the need for more uniform

Read More

Swiss Regulators Green Light Crypto Transactions for Local Bank

The Swiss Financial Market Supervisory Authority, or FINMA, has authorized InCore bank to carry out digital assets transactions, allowing customers worldwide to access and transact within the bank.The official announcement represents an important step in creating a blockchain-friendly environment across the EU banking sector. InCore bank becomes the first Swiss

Read More

Ripple CEO Says US Regulators Must Embrace Crypto or Fall Behind China

Ripple CEO Brad Garlinghouse has urged United States regulators “to step up and lean into digital currencies” to avoid falling behind China in the field.In a tweet posted May 26, Garlinghouse warns that “remaining complacent is actually setting us back,” citing an article suggesting that China’s long-touted central bank digital

Read More

Libra Adapts White Paper to Appease US Regulators, Hopes for Changing Tides

Following an overhaul of Libra’s original white paper that was met with strong skepticism from United States policymakers, a member of the House Financial Services Committee — Democrat Rep. Sylvia Garcia from Texas — has come out and stated that the updated version of Facebook’s white paper does not contain

Read More