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FATF to Enforce Time Restriction on Exchanges’ Customer Information

FATF To Enforce Time Restriction on Exchanges' Customer Information

The Financial Action Task Force (FATF), who met last week for another round of talks to decide on new AML steps, is to bring in a time restriction for crypto exchanges on data sharing. The FATF has set a time limit of 12 months during which time exchanges must share user and sender information with “beneficiary institutions”. The new data …


North America: Crypto and Blockchain News Roundup 17th to 23rd June, 2019

North America

Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country. North America The United States Federal Reserve move could help propel bitcoin further: A latest decision taken by the Federal Reserve can actually benefit the long-term price outlook of bitcoin. According to …


US FDA Calls for Blockchain to Authenticate Prescription Drugs

US FDA Calls for Blockchain to Authenticate Prescription Drugs

Blockchain busy American multinational retail corporation Walmart Inc has announced it wants to expand its new tech footprint by developing a proof-of-concept blockchain for identifying and tracking prescription drugs. Working with the US Food and Drug Administration (FDA)  IBM, Merck and KPMG, the retailing giant is joining a pilot aimed at improving the tracking and authentication of prescription drugs, to …


The Rise and Rise of Bitcoin ATMs Continues as Circle K Adds Another 20

The Rise and Rise of Bitcoin ATMs Continues as Circle K Adds Another 20

Canadian-owned American multinational chain of convenience stores Circle K has added Bitcoin ATMs to 20 of its convenience stores in the US. The ATMs at the company’s Arizona and Nevada stores can buy up to a limit of USD 20K a day through DigitalMint’s new link up with the chain. DigitalMint claims to be the largest ATM operator in the …


Novogratz Galaxy to Launch Crypto Options Contracts Trading

Novogratz Galaxy to Launch Crypto Options Contracts Trading

Mike Novogratz’s Galaxy Digital is planning to launch crypto options contracts trading as it joins the current market trend of moving towards derivatives trading. With more institution investments interested in cryptocurrency, Galaxy Digital has said that it is responding to inquiries from both crypto and non-crypto firms in hedging against crypto assets volatility, often a barrier to new companies joining …


FATF Warns No Swiss Style Free Ride For Crypto Account Holders

FATF Warns No Swiss Style Free Ride For Crypto Account Holders

U.S. Treasury Secretary Steve Mnuchin has compared the use of cryptocurrency to Swiss numbered bank accounts in a scathing attack on the industry. He was referring to the G7’s Financial Action Task Force (FATF) and its current second look at crypto in the face of the expectation that billions of people could hook up to cryptocurrency via Facebook when the …


Florida City Pays out Bitcoin Ransom to Hackers

Florida City Pays out Bitcoin Ransom to Hackers

In Florida, Riviera Beach’s city council has been forced to pay out a ransom of USD 600,000 in Bitcoin to hackers who targeted its computer systems. With email and 911 dispatches affected by the attack in May, River Beach City Council voted to pay off the hackers in order to protect their systems. Although Bitcoin is rarely used as ransom …


Washington Lawmakers Call to Spoil Party on Facebook’s Crypto Aspirations

Washington Lawmakers Call to Spoil Party on Facebook's Crypto Aspirations

New plans from Facebook to enter crypto space appear to be infuriating a group of Washington lawmakers who fear the media giant is cutting loose without regards to regulation. The comments floating around Capitol Hill seem to be led by House Financial Services Committee Chairwoman Maxine Waters who just wants to put the skids on the development of Facebook’s Libra …


FINRA Has 40 Crypto Startups Parked but SEC May Be Culprit

FINRA Has 40 Crypto Startups Parked but SEC May Be Culprit

The Financial Industry Regulatory Authority (FINRA) is backlogged. Or if not, it appears to be holding back on giving approval to around 40 crypto broker-dealers waiting for a green light to operate. FINRA is a non-governmental organization that regulates member brokerage firms and exchange markets in the US. Its government agency counterpart, which acts as the ultimate regulator of the …


North America: Crypto and Blockchain News Roundup 10th to 16 June, 2019

North America

Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continFacebooent by continent and country by country. North America The United States New report submitted to SEC shows transparency issue with cryptocurrencies: A new comprehensive report submitted to the SEC by Bitwise shows that transparency is expected to remain a …


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