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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …