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An Ethereum smart contract feature that offers rebates for fees has developers scratching their heads, wondering if they should toss the old code in light of an exponential rise in transaction costs. Called gas tokens, these smart contract loopholes are a way to send transactions on the cheap by “tokenzing” gas,
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FinTech company CoolBitX may have a solution for countries that have not yet complied with the Financial Action Task Force’s “travel rule”. According to a statement from CoolBitX shared with Cryptox on July 21, the blockchain security company announced it would be partnering with cryptocurrency forensics firm Elliptic to address anti-money
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BitGo, one of the world’s largest Bitcoin (BTC) transaction processors, is integrating a new API into its crypto wallet service to support the Financial Action Task Force’s travel rule.BitGo told Cryptox on July 14 that the company is the first wallet service to provide an in-house API solution for the
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by Erika Federis and Dominique Simon With the implementation of the Travel Rule right around the corner, big players in the crypto scene
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[sociallocker id="55298"] The Financial Action Task Force (FATF) has a plenary meeting scheduled on June 24 to assess the progress of Virtual Asset Service Providers (VASPs) worldwide in enforcing the organization’s “travel rule”.According to Pawel Kuskowski at Forbes, the FATF meeting will be held virtually in two weeks to discuss
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Daily trade volume for Chicago Mercantile Exchange (CME)’s bitcoin (BTC) futures produced a new low for 2020 on Feb. 21, with $118 million worth of contracts changing hands on Friday.The record low came just three days after CME daily volume exceeded $1 billion for just the third time in
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It’s been nearly eight months since the Financial Action Task Force issued its divisive crypto directives, establishing traditional banking regulations within the crypto sector. With the year-long adoption deadline fast approaching, how have the world’s regulatory authorities responded to the guidelines so far?The FATF — an intergovernmental organization tasked
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The Takeaway:Crypto businesses are figuring out how to comply with the Financial Action Task Force’s “Travel Rule,” where all crypto transactions above a certain amount must be accompanied by identifying information.Competing visions for the technical implementation have emerged, though there appears to be general agreement on the need for messaging
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In a congressional hearing today over mobile payments and banking the unbanked, PayPal were among the companies present to discuss the changing payments landscape. Congressman Tom Emmer discussed XRP and Ripple acknowledging their hard work that is revolutionising the way payments work from the ground up. Mr Emmer showed a deep understanding
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This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Leah Callon-Butler is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia.There he was,
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