Cryptocurrency experts from the worlds of law enforcement and private industry gathered at Europol’s European Cybercrime Center in The Hague from June 12th to the 14th, for Europe’s biggest cryptocurrency law enforcement conference. Europol revealed to the conference attendees that it has partnered with the Centre of Excellence in Terrorism, Resilience, Intelligence and Organised Crime Research (CENTRIC) to develop a “serious game” to train investigators to trace cryptocurrency transactions.
Lithuania’s government is moving closer to initiating regulation of its cryptocurrency space after approving new rules this week, Lithuanian media outlet Delfi reports. The new regulatory measures are part of the country’s effort to reduce the risk of money laundering and terror financing.
The G20 issued a joint communiqué on June 9, after concluding its latest meeting in Fukuoka, Japan, in which it called on the Financial Stability Board (FSB) and international standard-setting bodies to continue to monitor risks related to cryptocurrency.
Some officials in Vancouver have taken aim at the city’s more than five dozen Bitcoin ATMs, with the mayor reportedly calling for a ban on the machines, The Star reports. The largely unregulated cryptocurrency ATMs have been criticized by Vancouver’s police as ideal vehicles for money laundering.
The United States Securities and Exchange Commission has filed a $100 million lawsuit accusing Canadian startup Kik of selling unregistered securities when it conducted its Kin token offering in 2017, CNBC reports.
The U.S. Federal Bureau of Investigation is now seeking information from any QuadrigaCX users who have concerns about their accounts or believe that they may be victims. In a publication posted on the FBI website Monday, users are asked to complete a questionnaire to document their concerns or identify themselves as victims.
When central bankers and finance ministers from the Group of 20 (G20) countries meet in Fukuoka, Japan in June, they are reportedly hoping to come to an agreement on cryptocurrency exchange oversight. In fact, a report from Nikkei Asian Review on Friday suggests that they are eyeing the creation of a single registry for all cryptocurrency exchanges around the world.
The Central Bank of the Bahamas (CBOB) will soon sign an agreement with technology solutions provider NZIA Limited to develop The Bahamas’ national digital currency, The Nassau Guardian reports today. The parties are expected to sign the agreement tomorrow, engaging the company to design and develop a national digital currency and payment system that could be ready for testing by 2020.
Bank of Russia Governor Elvira Nabiullina said Thursday that the central bank will be reviewing a proposal for a gold-backed digital currency, Tass reports. In her remarks at the Duma, she suggested that such a currency could potentially be used to facilitate mutual settlements between Russia and other countries, but noted that existing fiat currency settlements are her current priority:
The U.S. Securities and Exchange Commission announced yesterday that it has halted a $30 million cryptocurrency Ponzi scheme that targeted hundreds of U.S. and Canadian investors. In a press release, the SEC confirmed that it has obtained a court order in response to a complaint leveled against Argyle Coin, LLC and the company’s principal, Jose Angel Aman.
Russia’s cryptocurrency legislation is reportedly “stuck” due to requirements demanded by the Financial Action Task Force Commission (FATF), TASS reported today. FATF has insisted that the country’s legislators revise the proposed Digital Financial Assets (DFA) bill to include crypto-related terms that lawmakers previously removed.
The Internal Revenue Services has responded to an April 11 letter from Congressman Tom Emmer and 20 other congressional representatives, which requested that the agency provide clearer tax guidelines for cryptocurrency users. In his response, IRS Commissioner Charles P. Rettig promised that he has made the issuance of those guidelines a priority for his agency.
Poloniex has announced that U.S. customers will no longer be able to buy or sell nine cryptocurrencies on the exchange, due to uncertainty about whether the tokens in question will be viewed as securities by American regulators. The nine coin markets disabled for U.S. customers include ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI, and REP.
New Zealand-based cryptocurrency exchange Cryptopia announced Wednesday that the company is being liquidated. In a press release on its website, the exchange confirmed the appointment of liquidators from accounting firm Grant Thornton New Zealand to secure assets and resolve the company’s outstanding obligations.
The United States Securities and Exchange Commission (SEC) published a decision on Tuesday confirming that it has once again delayed any decision on Bitwise Asset Management’s proposed Bitcoin exchange-traded-fund, or ETF. In its filing, the regulatory agency requested public comment on the issue.
In remarks to an audience at CoinDesk Consensus in New York, U.S. Treasury Department Terrorism and Financial Intelligence Under Secretary Sigal Mandelker called on the cryptocurrency industry to do more to comply with anti-money laundering and counter-terrorist financing (AML/CTF) regulations. During that speech, she suggested that industry actors have a duty to serve U.S. national security, Yahoo Finance reports.
The Senate Committee on Banking, Housing, and Urban Affairs sent a letter to Facebook founder and CEO Mark Zuckerberg this week, in an attempt to get answers about the social media giant’s secretive cryptocurrency project, code-named “Project Libra.”
On Thursday, U.S. Congressman Brad Sherman asked his colleagues to join him in supporting legislation that would ban cryptocurrencies in the United States. The non-profit Coin Center confirmed the California Democrat’s statement by posting a video of his comments on Twitter.
Quebec’s utility provider, the Régie de l’énergie (Hydro-Quebec) has unveiled new criteria that cryptocurrency miners or other blockchain companies will need to meet if they hope to get access to part of the 300 MW of additional electricity now allocated to the industry. Crowdfund Insider reports that the rules will require those firms to demonstrate job creation, good pay for workers, investment in the region, and heat offsets.
Cryptocurrency exchange Bitfinex has responded to recent allegations by the New York Attorney General’s office in a statement on the company’s website. The statement asserted that the AG court filing was written in bad faith, and disputed accusations that the company has lost $850 million.