The U.S. Senate Commerce, Science and Transportation Committee voted to approve the Blockchain Promotion Act of 2019 on July 12, giving the Commerce Department one year to come up with “a recommended definition of the distributed ledger technology commonly known as ‘’blockchain technology.’”
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U.S. Treasury Secretary Steven Mnuchin wants to regulate wallets on his way out the door (Photo: Wikipedia).Mnuchin doubles down on President Trump’s Bitcoin, Facebook bashing
Treasury Secretary said potential for abuse of Libra cryptocurrency is a national security issue
Treasury Secretary Steven Mnuchin called cryptocurrencies a “national security issue” that threatens to enable drug dealers, human traffickers, and terrorists during a press conference Monday.
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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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James Dimon, Chairman and Chief Executive Officer, JPMorgan Chase. Photo: World Economic Forum via Wiki Commons).JPMorgan adds KYC-defeating technology to Ethereum-based payment privacy tool Zether
The banking giant open-sources a user-anonymity tool for cryptocurrency
Just as international financial regulators are about to announce stronger "know your customer" requirements for cryptocurrencies, banking giant JPMorgan Chase has released software designed to help people avoid them.
