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By

Elizabeth Zyluk
According to De Telegraaf, the Dutch Central Bank (DNB) is gearing up to have cryptocurrency companies obtain licenses. A proposed bill has been put out and the regulator has invited interested parties to respond. The supervision aims to deter money laundering and terrorist financing through cryptocurrency use. Companies that deal in crypto will need to...
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Airtm, a digital wallet connected to banks and various blockchains is aiming to raise $1MM in crypto for 100,000 ID verified Venezuelans to aid in the country’s inflation crisis. A Mexican startup, Airtm was founded in 2015 and registered as an MSB with the USA’s Financial Crimes Enforcement Network (FinCEN).  According to Airtm, the company...
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US Congressmen Darren Soto (D-FL-09) and Ted Budd (R-NC-13) have jointly introduced two pieces of legislation to promote fair and transparent cryptocurrency markets and to explore the development of the US’s role in the industry worldwide. The bills seek to: protect investors, deter bad actors, create market certainty and ensure American competitiveness in an evolving...
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The World Trade Organization has issued a report outlining the economic value blockchain is expected to have on the global economy.  Investment is expected to peak again with proven, successful models established by 2026 and in 2030 the technology could show an impact of $3T. By removing barriers in the areas of: trade finance, customs...
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In a joint statement from a powerful group of agencies having oversight of the US banking system, banks were encouraged to consider responsibly implementing innovative techniques from the private sector to meet Bank Secrecy Act and Anti Money Laundering (BSA/AML) compliance obligations.  The technologies specifically mentioned were artificial intelligence and digital identity yet it was...
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Custody is the latest buzzword in the crypto space.  But it’s not a new concept – at base it is all about who holds the asset and what responsibilities come with holding that asset. Are you a trader who always leaves your crypto on the exchange?  Or are you a HODLer who withdraws to your...
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After calls from world leaders in the G20 over the past year, specifically France’s Finance Minister, Bruno Le Maire, who in December 2017 requested the G20 look into regulating price manipulation of bitcoin specifically; members of the G20 have called for unity in crypto asset regulation and taxation this past weekend in Buenos Aires. One...
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Amazon has begun a commercial blockchain project called ‘Amazon Managed Blockchain’ to allow users to create their own blockchains.   The service will utilize Hyperledger Fabric and shortly, Ethereum.  Amazon Managed Blockchain falls under the Amazon Web Services umbrella, a cloud computing subsidiary powering many large websites and services, notably Netflix, GE and Comcast, among others. This...
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The Chairman of the Securities and Exchange Commission (SEC), Jay Clayton, has some misgivings about approving the much anticipated bitcoin ETFs. Market manipulation, custody and fraud are top concerns for the SEC. Traditional investors expect a level of risk that is ‘free from the risk of manipulation’ Clayton said. He’d also like to see exchanges...
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NASDAQ has announced plans to launch a bitcoin futures market in Q1 2019. The world’s second largest stock exchange has been in talks with the Commodities and Futures Trading Commission (CFTC) to ensure compliance with US regulations. It is uncertain if NASDAQ plans to physically deliver the bitcoin as is planned by the NYSE’s BAKKT...
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