• CipherTrace Bankers worried AML
    Cryptocurrencies,  Regulation

    CipherTrace: Bankers worried by inability to detect crypto payments

    With growing legal and regulatory attention on anti-money-laundering laws, the blockchain intelligence firm found 80% of bankers fear sanction violations

    The IRS, FBI and other U.S. law enforcement agencies may be trumpeting their success in breaking up everything from child porn rings to al-Qaeda funders, but bankers are not so confident in their ability to even detect crypto-related transactions.

  • Keeping crypto in a piggy bank is still safer than many exchanges (via Shutterstock).
    Cryptocurrencies

    Crypto firms may not remain banking pariahs forever

    Senate, Federal Reserve express interest in crypto banking regulations; financial institutions’ patents say they are also interested

    When it comes to getting a bank account, cryptocurrency and blockchain firms are being treated like marijuana sellers. That may not be a bad thing.

  • Bitcoin,  Cryptocurrencies,  Innovators,  Politics,  United States

    Government will control cryptos, says CEO of bank bailed out by government

    Did JP Morgan Chase & Co. CEO Jamie Dimon really have a change of heart when it comes to bitcoin?

    Just four months ago, Dimon called bitcoin a “fraud” and threatened to fire any of his traders caught trading the cryptocurrency on the company’s dime. “Someone is going to get killed,” he warned. Dimon even went so far to mock his own child, saying at CNBC’s Delivering Alpha conference, “My daughter bought bitcoin, it went up and now she thinks she’s a genius.” Since then, bitcoin has more than quadrupled, a return so lucrative that most traders would gladly go short their souls and take a punch in the jaw from their CEO as he escorted them out the door if they could get a glimpse of it. Thus, Jamie…