Regulations

Story: Cryptocurrency Politics FATF – Fear Brewing and More

By Maheen Hernandez

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Cryptocurrency firms have been operating in the grey area for quite some time.  Several cryptocurrency exchanges have not yet implemented the Know Your Customer norms in…

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Cryptocurrency companies are not exempt from anti-money laundering laws.  All cryptocurrency companies are to work in compliance with the "Bank Secrecy Act.

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The Financial Action Task Force’s (FATF) requires that all the member countries implement these rules failing which the cryptocurrency firms might be subject to ostracization,…

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State actors are already targeting services that provide Bitcoin mixing services. Mixers are mostly used by privacy-conscious cryptocurrency users who do not want to be tracked…

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There is a lot of fear brewing; however, if the government is going to be very strict, then this industry will be a lot behind in the financial business.

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Fidelity has recently rolled out a cryptocurrency custodial service.  They are adding some clients in a limited capacity during the beginning of the year.

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Fidelity Digital Assets have already submitted “an application to operate as a limited-purpose trust company with the New York State Department of Financial Services.”

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Fidelity does not provide cryptocurrency trading services.  They are meticulous when it comes to deciding on who are the institutional investors, and they are very…

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From investments, Abigail Johnson, stated, “It’s not going away. As long as the value is there, people will look to preserve that value.”

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Dash has launched its Dash Investment Foundation to ensure better returns for their investors who can hold its coin.

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Cryptocurrency has a method of transforming the political scenario around in any environment.  The blockchain technology has penetrated the lives of people in one way or the other.

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Zurab Japaridze stated, “All kinds of state property in the country, be it fields, meadows, forests or mountains, are the property of the Georgian citizens, which we will return…

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