Cryptocurrency Analysis and News Portal
A controversial proposed rule that would enforce know-your-customer rules on unhosted or self-hosted crypto wallets may again be under consideration by the U.S. federal government.The rule was first proposed at the end of 2020 by the Financial Crimes Enforcement Network (FinCEN), the U.S. money laundering watchdog. If enacted, crypto exchanges
Read More
SatoshiLabs, the creator of the Trezor hardware wallet, has decided to shelve plans to adopt an automated protocol for proving ownership of a self-hosted wallet when withdrawing from an exchange in Switzerland (where it’s a regulatory requirement).The U-turn from Trezor followed a Twitter storm from customers and privacy buffs.Trezor announced
Read More
When it comes to complying with the so-called travel rule, the cryptocurrency industry has a long way to go.And it’s unclear when it will reach the destination – if, indeed, it can or even wants to.More than two and a half years after the Financial Action Task Force (FATF) announced
Read More
None of that has turned out to be true. In contrast, the onset of regulation is strengthening trust to the industry and is promising to be a great boon to the industry. Since Bitcoin emerged 12 years, entrepreneurs have created thousands of types of virtual assets, including stablecoins. Bitcoin and
Read More
Veteran trader Peter Brandt has shared “a sacred trading rule” he uses in response to a comment about buying bitcoin as the price of the cryptocurrency continues to fall. “Never add to a losing trade,” he affirmed. Peter Brandt Offers Trading Advice Veteran trader Peter Brandt has a trading suggestion for anyone
Read More
Chino said it was too sensitive to disclose specific details of discussions between JCBA members. He did reveal that among questions raised was who would be subject to the travel rule. Though the travel rule would be applied to inter-VASP transactions, he said it was not clear whether hosted wallets
Read More
Legal experts have warned that a section of the Infrastructure Bill, which is due for a vote today, amends a part of the tax code and makes a failure by businesses and individuals to report digital asset transactions a criminal offense.University of Virginia School of Law lecturer Abraham Sutherland said
Read More
Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by the end of this year. In more recent times, the six-digit bitcoin price forecasts continue as people are now saying a sudden move to $100K “doesn’t seem so far-fetched.” The Probability of Bitcoin
Read More
Tether, the operator of one of the leading stablecoins in the crypto market has announced it will commence trials of a system that will allow the company to comply with the Financial Action Task Force (FATF) travel rule. The system, that is provided by Notabene, a company that offers ID
Read More
Tether announced on Tuesday that it has begun a trial partnership with Notabene, a digital identity startup that provides know-your-customer (KYC) infrastructure to crypto exchanges, to help it comply with the Financial Action Task Force (FATF)’s “travel rule,” which requires financial institutions to exchange KYC information for both senders and
Read More