The Securities and Exchange Commission, or SEC, may soon issue new rules for the regulation and registration of security-based swaps, including cryptocurrency.In a speech to the American Bar Association Derivative and Futures Law Committee SEC Chairman Gary Gensler laid out the changes coming to security-based swaps over the next year. The changes are designed to increase … [Read more...] about SEC Chairman says cryptocurrency falls under security-based swaps rules
Cryptocurrency
New EU proposal looks to tighten regulations for sending cryptocurrency
The European Commission has submitted a new proposal which would require crypto-asset service providers to collect additional anti-money laundering, or AML, information from users who utilize cryptocurrency for money transfers. The stated purpose of this proposal is to prevent the further propagation of money laundering activity within the EU.Under this proposal, service … [Read more...] about New EU proposal looks to tighten regulations for sending cryptocurrency
The FBI issues warning to cryptocurrency users over growing threat of cybercrime
Several mainstream outlets are pushing the narrative that cryptocurrency is facing a new wave of cybercrime. According to Forbes, this is happening due to the rising valuation of cryptocurrencies.However, with environmental and mining FUD fresh on people’s minds, is this something that deserves special consideration?FBI warns cryptocurrency users of cyber threatThe Federal … [Read more...] about The FBI issues warning to cryptocurrency users over growing threat of cybercrime
$250 million worth of cryptocurrency seized in UK
$250 million worth of cryptocurrency seized in UK | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest U.K. › CrimePolice seized crypto worth hundreds of millions of dollars in the biggest-ever move of its kind. Shaurya Malwa · July 13, 2021 at 2:00 pm UTC · 1 min read $250 million worth of … [Read more...] about $250 million worth of cryptocurrency seized in UK
Trust is still a must in the trustless world of cryptocurrency
As established by Satoshi Nakamoto's Bitcoin (BTC) whitepaper, the core of cryptocurrency is a peer-to-peer electronic cash system that eliminates the need for intermediaries like banks. This spirited independence and scoffing at the hand-holding of traditional banking systems is pervasive across the cryptosphere.Yet, when mass adoption is the goal, some hand-holding becomes … [Read more...] about Trust is still a must in the trustless world of cryptocurrency