FinCEN Announces Penalties for Crypto Trader Accused of Violating AML Rules
Apr20

FinCEN Announces Penalties for Crypto Trader Accused of Violating AML Rules

The Financial Crimes Enforcement Network (FinCEN) announced this week that it has penalized an individual cryptocurrency trader for alleged violations of the Bank Secrecy Act (BSA). That trader, California resident Eric Powers, reportedly failed to properly register as a money services business, take the necessary steps needed to comply with the Act’s provisions, or properly report suspicious transactions.

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French Finance Minister Highlights Blockchain’s Promise at Paris Blockchain Week
Apr15

French Finance Minister Highlights Blockchain’s Promise at Paris Blockchain Week

France’s Finance Minister, Bruno Le Maire, called blockchain technology a “game changer” at the Paris Blockchain Week conference, Phys.org reported today. During his remarks, Le Maire noted the technology’s benefit as a tool to prevent banking institutions from monopolizing financial transactions:

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IMF, World Bank Launch Learning Coin
Apr14

IMF, World Bank Launch Learning Coin

The International Monetary Fund and World Bank have launched their own ‘quasi-cryptocurrency’ called Learning Coin as part of a project designed to explore blockchain and crypto technology, the Financial Times reported this week. The agencies reportedly stressed that their coin is not an actual digital currency, since it has no monetary value and is only for internal use.

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Report: G20 Members to Push Crypto AML/CTF Regs in June Meeting
Apr07

Report: G20 Members to Push Crypto AML/CTF Regs in June Meeting

When finance officials and central bank governors from G20 member states meet in Fukuoka, Japan in June, they will reportedly discuss anti-money laundering and counter-terrorism financing regulations, Japanese media reported late this week.

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Belgium’s FSMA Adds to List of Suspicious Crypto Platform Sites
Apr06

Belgium’s FSMA Adds to List of Suspicious Crypto Platform Sites

Belgium’s Financial Services and Markets Authority (FSMA) recently added another 7 websites to its list of suspicious cryptocurrency sites. The list now includes a total of 120 websites identified by the FSMA as potential scams designed to defraud investors.

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BIS General Manager Says Central Bank-Issued Crypto Could Undermine Financial Stability
Mar23

BIS General Manager Says Central Bank-Issued Crypto Could Undermine Financial Stability

Bank for International Settlements general manager Agustin Carstens issued a warning Friday to central banks that might be considering their own digital currencies. While speaking at the Central Bank of Ireland in Dublin on Friday, Carstens warned that central bank-issued digital currencies could potentially undermine financial stability.

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Crypto-Friendly Silvergate Bank Continues to Attract New Customers
Mar21

Crypto-Friendly Silvergate Bank Continues to Attract New Customers

California-based Silvergate Bank this week updated its filing with the U.S. Securities and Exchange Commission, revealing continued growth in its cryptocurrency-related services. According to the updated data, the bank now provides services to more than 500 crypto-related firms, even as major banks around the world continue to deny banking services to companies in the industry.

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Cboe Will Not Add New Bitcoin Futures Contracts, Assessing Future Crypto Plans
Mar18

Cboe Will Not Add New Bitcoin Futures Contracts, Assessing Future Crypto Plans

Cboe has confirmed that it will not be adding additional bitcoin futures contracts in March, though the company suggested that it is not completely ruling out future crypto derivatives. Cboe Global Markets was the first to roll out bitcoin futures in December 2017, at the height of the cryptocurrency boom.

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HSBC Seeking South Korean Bank Partners for Voltron Platform Launch
Mar12

HSBC Seeking South Korean Bank Partners for Voltron Platform Launch

HSBC is seeking local South Korean banking partners as it prepares to commercially launch the blockchain-based Voltron invoice processing and settlement platform, The Korea Times reported today. Voltron is currently in the pilot stage as HSBC works to broaden its collaborative alliance to include additional banks and technology firms.

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Amun AG Plans to List XRP ETP on Swiss Exchange SIX
Mar11

Amun AG Plans to List XRP ETP on Swiss Exchange SIX

Crypto startup Amun AG is planning to introduce an XRP exchange traded product (ETP) for listing on Swiss stock exchange SIX, The Block reported Monday, March 11. Other media reports suggest that SIX has granted approval for Amun AG to eventually list an additional four ETPs for Bitcoin Cash, EOS, Litecoin, and Stellar.

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Bloomberg: Major Banks Continuing to Deny Service to Crypto Companies
Mar03

Bloomberg: Major Banks Continuing to Deny Service to Crypto Companies

Major banking institutions continue to deny basic bank services to cryptocurrency-related businesses, according to a March 3 report from Bloomberg. The article notes that many of the leading banks reportedly view the cryptocurrency industry and crypto-related firms as “ticking regulatory time bombs” and are reluctant to deal with perceived compliance issues.

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Dimon Hints at Eventual Consumer Use of JPM Coin
Feb27

Dimon Hints at Eventual Consumer Use of JPM Coin

In remarks at the annual JPMorgan Chase investor day, CEO Jamie Dimon suggested that his company’s new JPM Coin digital currency could possibly be available for use by consumers someday, CNBC reported on Tuesday. In comments made during a Q&A session, Dimon said:

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Bank Frick Announces Regulated Platform for Trading Digital Tokens
Feb24

Bank Frick Announces Regulated Platform for Trading Digital Tokens

Liechtenstein-based Bank Frick announced this week that it will launch a new crypto token trading platform called DLT Markets. The subsidiary will provide institutional investors with a regulated platform offering “multi-exchange access” to digital asset trading, according to a February 20 press release.

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DNotes Global CEO, Alan Yong Welcomes JPM Coin as a Partial Rail of a Massive Network Essential For Mass Adoption of Digital Currency
Feb16

DNotes Global CEO, Alan Yong Welcomes JPM Coin as a Partial Rail of a Massive Network Essential For Mass Adoption of Digital Currency

At the World Funding Summit in 2017, I took issue with JPMorgan CEO Jamie Dimon’s description of Bitcoin as a fraud. Today, I want to praise Dimon’s company and welcome its new digital currency, JPM Coin, as a partial rail of a massive network essential for mass adoption of digital currency.

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JPMorgan to Launch JPM Coin
Feb14

JPMorgan to Launch JPM Coin

JPMorgan Chase has announced that it will be launching its own digital currency, the JPM Coin. The bank said that the coin will initially be available only to its large institutional clients, with tentative plans to make it available to a wider array of customers later in 2019. However, the current plans do not involve making the coin available to individuals.

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JP Morgan Analyst: Crypto Price Stability Could Help Renew Institutional Investor Interest
Feb07

JP Morgan Analyst: Crypto Price Stability Could Help Renew Institutional Investor Interest

JP Morgan analyst Nikolaos Panigirtzoglou said this week that continuing price stability in the cryptocurrency markets could help contribute to renewed institutional investor interest. Appearing on Tuesday’s CNBC Futures Now, Panigirtzoglou predicted that the current lack of interest is probably temporary:

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Wyoming Senate Passes Bill Clarifying Crypto’s Legal Status
Feb01

Wyoming Senate Passes Bill Clarifying Crypto’s Legal Status

In a 28-1 vote on Thursday, Wyoming’s Senate approved a bill designed to bring new clarity to cryptocurrency’s legal status in the state. That bill, SF0125, would formally recognize the property rights of cryptocurrency holders and create an opt-in framework to enable Wyoming banks to provide digital asset custodial services.

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After Four Years of Diligent Efforts to Encourage Women’s Participation in Cryptocurrency, CryptoMoms has Evolved to Become HERo
Jan10

After Four Years of Diligent Efforts to Encourage Women’s Participation in Cryptocurrency, CryptoMoms has Evolved to Become HERo

DNotes Global, Inc. today announced the launch of HERo – the next evolution of CryptoMoms, which was founded in 2014 to encourage women’s participation in the nascent cryptocurrency space. CryptoMoms’s vision was to help narrow the gender gap in an industry that was overwhelmingly dominated by men in a ratio of 95 to 5, male to female. The industry has seen minor improvement over the years, though female participation remains below 10% even today. CryptoMoms, which now has more than 70,000 registered members, recognizes the growing need to be even more inclusive and expand its efforts beyond the cryptocurrency world.

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No Bust for Crypto Lenders Thanks to Loan Demand from Believers and Short Sellers
Jan03

No Bust for Crypto Lenders Thanks to Loan Demand from Believers and Short Sellers

Cryptocurrency lenders are faring well in an industry shedding its old skin of once overvalued projects with now flailing treasuries thanks to the recent cryptocurrency bear market.

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Nomics Closes $3 Million Funding Round
Dec18

Nomics Closes $3 Million Funding Round

Nomics announced on Tuesday that it has raised $3 Million in its Series A funding round, Twin City Business reports. Investors included Arthur Ventures, Coinbase Ventures, Digital Currency Group, CoVenture Crypto, and BitGo co-founder Ben Davenport. Nomics CEO Clay Collins told TCB that his company plans to use the funds to further expand the crypto data in its index.

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