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.
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.
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) 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.
