While some of the crypto red flags are obvious, others are very broad and could well catch legitimate investors in the net—for instance, opening an account and making a lot of transactions despite being old.
Swiss regulator calls for stricter crypto reporting rules
Switzerland’s financial watchdog wants to lower the transaction reporting threshold for cryptocurrency exchanges from $5,000 to $1,000
The Swiss Financial Market Supervisory Authority, or FINMA, said Friday that it will propose an ordinance for stricter anti-money laundering laws for cryptocurrency businesses. The proposal calls for reducing the threshold for reporting cryptocurrency transactions from the current limit of 5,000 Swiss Francs (roughly $5,120) to 1,000 Swiss francs (roughly $1,025).
Chainalysis: Financial professionals love, fear Bitcoin
Half of the bankers and financial professionals surveyed believe Bitcoin will beat the S&P 500 in 2020, but compliance concerns are keeping them away
Financial professionals see a bright future for cryptocurrencies, yet the vast majority say legal and regulatory concerns are causing their clients are keeping their distance, according to a new study.
With stablecoin ban, G20 deals Facebook’s Libra ambitions another blow
Unanimous decision effectively halts the social media giant’s goal of creating an international digital currency by 2020
The G20 dealt Facebook’s Libra cryptocurrency ambitions another blow on October 18, agreeing to a ban stablecoins until global regulations are in place.