• Mike Bloomber
    Politics,  Regulation

    Bloomberg promises clarity for crypto as president

    Whether the billionaire’s ‘get tough on Wall Street’ platform will be good or bad for the cryptocurrency industry remains to be seen

    Presidential candidate Mike Bloomberg on Tuesday rolled out his plan to rein in Wall Street. As part of that, he wants to provide clear but tough regulations for cryptocurrency and initial coin offerings as well.

  • Someone landed on "Go to jail" (via Pixabay).
    Regulation,  United States

    When is bitcoin mixing a crime?

    Hint: when it’s directly linked to laundering illicit proceeds on darknet markets

    Bitcoin mixers, or tumblers, have been around for years. The way they work is you send bitcoin to a service and the service scrambles your bitcoin with other bitcoins, so that in the end, it’s difficult to know the source of the funds—even though the transactions are visible on the blockchain. 

  • Wall STreet
    Cryptocurrencies,  Regulation

    Coinbase completes two security audits to woo institutional investors

    Grant Thornton conducted rigorous evaluations for the crypto exchange’s custody solution, certifying it SOC1 and SOC2 compliant

    In a move to lure more institutional money into the space, U.S. crypto exchange Coinbase just completed two major security audits for its custody solution. 

  • Treasury Secretary Steven Mnuchin
    Regulation

    Mnuchin: stricter crypto AML rules coming ‘very quickly’

    At a Senate Finance Committee hearing, the Treasury Secretary said FinCEN was prepping to release ‘significant’ new requirements for virtual currencies

    The U.S. is joining regulators around the globe in moving to enforce tougher cryptocurrency anti-money laundering policies, Treasury Secretary Steven Mnuchin said yesterday.