• Post-election crypto regulation
    Cryptocurrencies,  Regulation

    SEC’s Hester Peirce: Post-election crypto regulation needed

    From stablecoins to decentralized exchanges, regulators are struggling to regulate a moving target said the SEC Commissioner known as “Crypto-Mom”

    One concern that the agency has with the regulation of cryptocurrency assets is that while promoters stress the advantages they bring by eliminating intermediaries, securities regulators have long worked with intermediaries in functions such as anti-money-laundering and are comfortable with them.

  • new price oracle Coinbase
    Cryptocurrencies,  Technology

    With new price oracle, Coinbase wades into DeFi

    The crypto giant says current methods used to verify prices are deeply flawed, but claims its oracle could reduce ‘systemic risks’

    Aiming to "reduce systemic risks" in the DeFi ecosystem, Coinbase is launching a new price oracle that will provide up-to-date rates on BTC/USD and ETH/USD every 60 seconds.

  • McAfee 2020 presidential campaign website
    People,  Politics

    ‘Don’t Vote McAfee’: A presidential ‘un-hopeful’ talks privacy and why the president is powerless

    Presidential candidate and controversial crypto enthusiast John McAfee spoke to Modern Consensus about the importance of privacy, DEXs and, of course, the Kennedy assassinations

    Before the presidential campaign, John McAfee had long been known in the crypto space for his contentious Twitter account, where he used to promote altcoins in between tweets about bitcoin’s price (with infamous phallic bets) and alternate history. Now, however, the altcoin promotions are off the table—but the conspiracy theory claims are definitely not—as McAfee gears up for a 2020 U.S. presidential campaign that has the catchy slogan, “Don’t Vote McAfee.”

  • The Financial Action Task Force (FATF) Plenary in session (via FATF).
    Regulation

    New customer identification rules pose a problem for cryptocurrency exchanges

    The Financial Action Task Force’s action requires strong customer identification, transaction monitoring and reporting

    The Financial Action Task Force (FATF) issued a final recommendation on June 24 that effectively forces all 38 member countries—and many others besides—to impose strict anti-money laundering (AML) requirements with substantial know your customer (KYC) data on cryptocurrencies that attempt to end the anonymity built into their DNA ever since Bitcoin.

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