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Six Major Central Banks to Collaborate on Digital Currency Research

News The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital currencies (CBDC). According to a press release published by the Bank of England on Jan. 21..

FCA’s New AML Regime – UK’s Crypto Market Will Have to Adapt in 2020

Analysis The Financial Conduct Authority (FCA) is now the United Kingdom's sole Anti-Money Laundering (AML) authority for the crypto business. After a decade of compliance under a laissez-faire approach to AML legislation, U.K.-based crypto firms now face a significantly more stringent set of..

Britain’s Tax Agency Offering Contract for Tech to Combat Crypto Tax Evasion

News Britain’s tax agency is inviting contractors to provide a tech tool to help Britain’s tax agency combat crypto cybercriminals. What the agency wantsThe technology, which Her Majesty’s Revenue & Customs (HMRC) posted on Jan. 17 in an open contract call worth 100,000 pounds sterling, should ga..

Crypto Fights for Freedom in India’s Supreme Court, Critics Cite Risk

Follow up Following the session that took place last August, a three-judge panel from India’s Supreme Court reconvened once again this week to discuss the much-hyped Crypto v. RBI case. During the last hearing, the Supreme Court had asked the Reserve Bank of India (RBI) to clarify its position as ..

New EU AML Compliance Laws Could Disrupt the Crypto Industry

Analysis On Jan. 10, the European Union’s 5th Anti-Money Laundering Directive (5AMLD), was officially signed into law. The legislation will give sweeping powers to compliance organizations and law authorities. However, aside from tracking dirty money to offshore paradises, the law brings about a s..

More Bitcoin Scam Ads With Martin Lewis on Instagram — Can We Get a...

Follow up Suspected crypto con artists are once again using the likeness of British financial expert Martin Lewis to defraud unsuspecting victims. In 2019, Lewis settled a defamation suit against Facebook for similar Bitcoin (BTC) scam adverts. Instagram says deceptive advertisements have no place..

UK Financial Watchdog FCA Now Supervises AML/CTF Compliance of Crypto Businesses

News Britain’s Financial Conduct Authority (FCA) now monitors anti-money laundering (AML) and counter terrorist financing (CTF) for companies carrying out cryptocurrency-related activities. According to an official announcement published on Jan. 10, FCA will supervise whether United Kingdom-regist..

Bitcoin Scam Ads Featuring Martin Lewis Now Spotted on Instagram

News Bitcoin (BTC) scam ads featuring the likeness of Martin Lewis have continued to appear on social media despite Lewis’ previous efforts to prevent such illegal practices. After the British financial expert settled a defamation lawsuit against Facebook for showing unendorsed fake Lewis crypto a..

Law Enforcement Requests to Kraken Hit All-Time-High, Up 49% in 2019

News Law enforcement requests to cryptocurrency exchange Kraken hit their highest ever volume in 2019, rising 49% to 710 as compared with 475 the previous year. The data was revealed in a tweet from the exchange on Jan. 6, which included a snapshot taken from the new 2019 Transparency Report from ..

Alleged Hacker Extradited to Face US Charges Over Corporate Extortion Racket

News A United Kingdom national, and alleged member of “The Dark Overlord” hacking collective, has been extradited to the United States to face charges. According to an announcement from the U.S. Department of Justice on Dec. 18, the charges relate to the purported theft of sensitive information fr..

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