Monthly archives: October 2023

The Financial Crimes Enforcement Network (FinCEN) has released a new proposal for the US government to begin monitoring crypto mixers. FinCEN cites Section 311 of the USA PATRIOT Act to propose requirements for financial institutions and financial agencies to keep records and reports on transactions that go through crypto or “convertible virtual currency” (CVC) mixers. …

Continue reading “FinCEN Introduces New Rulemaking Proposal To Surveil Crypto Mixing Services, Citing Patriot Act”

Usage is down, but the future of crypto looks bright thanks to adoption in up-and-coming economies, according to Chainalysis. News Join us on social networks India leads the world in crypto adoption, followed by Nigeria and Vietnam, according to a new Chainalysis report. Nonetheless, North America accounts for nearly a quarter of all value received …

Continue reading “Lower-middle income countries lead in crypto adoption, but not volume: Chainalysis”

The court decision was expected by many after the SEC did not appeal an Aug. 29 ruling requiring Grayscale’s Bitcoin ETF application to be reviewed. News Join us on social networks The United States Court of Appeal has issued a mandate following a decision requiring Grayscale Investments application for a spot Bitcoin exchange-traded fund to …

Continue reading “US Court issues mandate for Grayscale ruling, paving way for SEC to review spot Bitcoin ETF”

From Hong Kong to Europe and the United States, regulators are pushing for more oversight and control over digital assets. Newsletter Join us on social networks In the last week, several major financial regulators, both national and international, simultaneously produced new guidelines for decentralized assets. The European Banking Authority and the European Securities and Markets …

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Morgan Stanley says the worst phase of the crypto market cycle appears to be over as Bitcoin (BTC) approaches its halving event in April 2024. According to the banking giant, crypto spring, or a period of price recovery, is likely in sight.  Morgan Stanley says Bitcoin’s halving, which cuts BTC miners’ block rewards in half, …

Continue reading “Banking Titan Morgan Stanley Says Crypto Spring Likely on the Horizon but Warns That Risks Could Disrupt Cycle”

Pieces of legislation aimed at establishing clarity on certain crypto policies are unable to move forward with half of the legislative branch of the U.S. government lacking leadership. News Join us on social networks No piece of legislation — crypto-related or otherwise — has largely been able to move through the United States Congress since …

Continue reading “US Congress remains legislatively paralyzed on crypto bills without a House speaker”

The confirmation comes as tensions between the United States and China continue to rise. News Join us on social networks United States Undersecretary of Commerce for Industry and Security Alan Estevez recently told reporters at an event in Tokyo that the U.S. is looking to crack down on Chinese access to U.S. cloud-based technologies. Speaking …

Continue reading “US official confirms military concerns over China’s access to cloud technology”