• What do we think of this thing? (via Pixabay)
    Bitcoin

    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.

  • Think your Thanksgiving family dinners are awkward? This is a "family photo" taken at the G20 summit earlier this year in Japan (via G20.org).
    Libra,  Regulation

    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.

  • 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.