Category: Bitcoin Regulation

IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR

IMF Has Another Trick Up Its Sleeve When Fiat Fails - Its Own Coin SDRVirtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD. In short, should these fail, central banks and their governments retain […]

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The Myth of Authority: Mnuchin Denies USD Is Used Criminally

The Myth of Authority - Steven Mnuchin Claims Nefarious Activities Not 'Successfully Done' With CashU.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of a soundbite as well, sharing her thoughts on “bitcom” and the need […]

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Flowery V20 Talk and Government Terror: Why Darknet Crime Is the Least of Our Worries

Governments and central banking regulatory bodies continue to express concern about crypto being used for criminal purposes and terror. The terror campaigns of these very same governments continue unabated, however. In the wake of the V20 summit it might seem that lawmakers actually care about stopping darknet crime, money laundering, and other abuses facilitated by […]

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Enforcement of Updated Crypto Guidelines From FATF Has Far-Reaching Implications

Enforcement of Updated Crypto Guidelines From FATF Has Far-Reaching ImplicationsThe FATF (Financial Action Task Force) has revealed updated guidelines that would require cryptocurrency and digital asset exchanges—and potentially independent business owners and crypto holders—to share sensitive customer information as VASPs (Virtual Asset Service Providers), compromising user privacy and restricting crypto market access. Also read: BCH Development Fund Doubles Its Goal After a Successful Month […]

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Analysis: Understanding the SEC’s Stance on Crypto

Last year the U.S. Securities Exchange Commission took enforcement action against initial coin offerings and other crypto companies perpetrating fraud. Many believe 2019 will be the year when regulators clamp down on rogue cryptocurrency operators. Here we decode the overlapping and occasionally contradictory stance taken by U.S. regulators, and consider what the market can expect. […]

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G20 Leaders Declare Commitment to Regulate Crypto Assets

G20 Leaders Declare Commitment to Regulate Crypto AssetsWhile some countries have taken the lead to regulate various aspects of using cryptocurrencies, many have left the matter completely up in the air. This might soon change as pressure is mounting on governments to develop standards for crypto regulations, as evident by the latest G20 meeting of top politicians from around the world. Also […]

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