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International Anti-Money Laundering Standards for Crypto Expected in October

International Anti-Money Laundering Standards for Crypto Expected in October

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Please share if you find this article interesting. International Anti-Money Laundering Standards for Crypto Expected in October The Financial Action Task Force (FATF) said it is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies, Financial Times reported September 19. The FATF is an international organization established in 1989 at the initiative of the G7 in order to develop policies and standards to fight money laundering. The agency’s scope of activities further expanded to combat terrorism financing. The FATF currently comprises 35 member jurisdictions and 2 regional organizations. The agency’s president Marshall Billingslea reportedly said that he expects the coordination of a series of standards that will close
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US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance – Bitcoin News

US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance – Bitcoin News

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Please share if you find this article interesting. US Representatives 'Urge' the IRS to Clarify Cryptocurrency Tax Guidance - Bitcoin News Taxes On Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter directed towards IRS commissioner David Kautter wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US citizens file their taxes. Also read: New App Allows Users to Create a Custodian-Free Bitcoin Trust ‘The IRS Has Struggled With How to Treat Virtual Currencies for Tax Purposes’ This week, US representative Kevin Brady and a slew of other politicians from vario
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US SEC Asks for Further Comment Regarding VanEck Bitcoin ETF

US SEC Asks for Further Comment Regarding VanEck Bitcoin ETF

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Please share if you find this article interesting. US SEC Asks for Further Comment Regarding VanEck Bitcoin ETF The U.S. Securities and Exchange Commission (SEC) has requested further comments regarding its decision on the listing and trading of a Bitcoin (BTC) exchange-traded fund (ETF), according to an official notice released September 20. The ETF under consideration is backed by investment firm VanEck and financial services company SolidX. Initially filed on June 6, the fund is claimed to be physically-backed, which means it will hold actual Bitcoins, and is expected to list on the Chicago Board of Exchange (CBOE) BZX Equities Exchange (BZX). In the notice, the SEC notes that it has not “reached any conclusions with respect to any of the issues involved,” and is asking for ad
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Consortium of Swiss Investors Launch Blockchain Incubator with $100 Million Goal

Consortium of Swiss Investors Launch Blockchain Incubator with $100 Million Goal

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Please share if you find this article interesting. Consortium of Swiss Investors Launch Blockchain Incubator with $100 Million Goal Switzerland-based consortium Crypto Valley Venture Capital (CV VC) has launched a blockchain incubator with a $100 million goal, swissinfo.ch reported September 20. CV VC has reportedly launched its initial incubator dubbed “Genesis Hub” in the canton of Zug, also known as Switzerland’s Crypto Valley. The Crypto Valley Association was founded as a government-backed consortium in March 2017, with the aim of “supporting the development of blockchain and cryptographic related technologies and businesses.” Currently, the incubator includes 20 blockchain startups, though it plans to eventually fund 60 new companies per year. As part of the initiative, app
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A Censorship-Free Version of Bitcointalk? Developer Launches Bitcoincashtalk.org – Bitcoin News

A Censorship-Free Version of Bitcointalk? Developer Launches Bitcoincashtalk.org – Bitcoin News

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Please share if you find this article interesting. A Censorship-Free Version of Bitcointalk? Developer Launches Bitcoincashtalk.org - Bitcoin News News Over the past few years, there’s been a big problem with cryptocurrency related forums and censorship. This week an independent and uncensored version of Bitcointalk has launched called Bitcoincashtalk.org. Also read: Critical Bug Found in Bitcoin Core Invokes the Multiple Client Argument Bitcoincashtalk.org: Another Uncensored Forum for Bitcoin Proponents to Freely Discuss and Debate This Innovative Technology When it comes to cryptocurrencies enthusiasts like to discuss the technology regularly on social media and forums. Nearly every digital asset has its own forum but over the last few years, two of the largest Bitcoin-ba
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UN Women to Use Blockchain Technology in Refugee Work Program in Jordan

UN Women to Use Blockchain Technology in Refugee Work Program in Jordan

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Please share if you find this article interesting. UN Women to Use Blockchain Technology in Refugee Work Program in Jordan UN Women — a United Nations entity for gender equality and empowering women — will use blockchain technology for cash transfers in Jordanian refugee camps, according to a UN press release September 18. Per the announcement, UN Women in partnership with the World Food Programme (WFP) will use blockchain technology for money transactions at Za’atari and Azraq camps. The cumulative population of both camps is over 115,000. Women refugees participating in the UN Women cash for work program will be able to obtain their money directly without the assistance of third parties like banks. The initiative will explore two options, allowing participants to get cash back
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Streaming Platform for Gamers Starts Public Beta Testing of Its Own Blockchain

Streaming Platform for Gamers Starts Public Beta Testing of Its Own Blockchain

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Please share if you find this article interesting. Streaming Platform for Gamers Starts Public Beta Testing of Its Own Blockchain On Sept. 19, the Play2Live streaming platform for gamers and esports fans has officially announced the launch of the open beta testing of their blockchain streaming platform to the general public. The new blockchain platform aims to let participants benefit from monetization schemes — involving streamers, viewers and esports tournament organizers. As Play2Live told Cointelegraph earlier, “Everybody can be part of the peer-to-peer interaction, and everybody,  even the viewer, is able to earn money.” Gathering gamers and influencers As the company reported to Cointelegraph, on Aug. 15, the access to the testing phase was first granted to media representa
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Ex-Liberia Central Bank Chief Under Probe for Missing $104M, State Seeks FBI Help – Bitcoin News

Ex-Liberia Central Bank Chief Under Probe for Missing $104M, State Seeks FBI Help – Bitcoin News

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Please share if you find this article interesting. Ex-Liberia Central Bank Chief Under Probe for Missing $104M, State Seeks FBI Help - Bitcoin News Emerging Markets More than a dozen government officials, including former central bank governor and his deputy, have come under investigation in Liberia after $104 million of newly printed banknotes vanished from the state purse. Liberia has issued a travel ban to Milton Weeks, the ex-Central Bank of Liberia chief, his deputy Charles Sirleaf, son of former president Ellen Jonhson Sirleaf,  and several others pending the investigation. Also read: Brazil’s Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade Liberia Enlists FBI, IMF To Help Recover Missing Funds The Liberian government has enlisted the United Stat
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Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say

Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say

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Please share if you find this article interesting. Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say Several large Russian banks have expressed their strong interest in working with the industry of cryptocurrency and blockchain during a closed-door meeting held at the Moscow Exchange, sources told Russian news site RBC September 19. As an unnamed source familiar with the matter told RBC, the demand for cryptocurrencies in Russia is very high, but the banks are not able to meet it due to the lack of clearly defined regulations. Because of that, the representatives of the Russian banks present at the meeting have talked to regulators from Japan, Luxembourg and Singapore to adapt their experience to local realities. Moreover, a lobby group has been fo
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Mining Round-Up: New Bitfury Chip, Anti-Cryptojacking Botnet Discovered

Mining Round-Up: New Bitfury Chip, Anti-Cryptojacking Botnet Discovered

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Please share if you find this article interesting. Mining Round-Up: New Bitfury Chip, Anti-Cryptojacking Botnet Discovered Mining In recent news pertaining to cryptocurrency mining, Bitfury has announced a “suite” of products powered by the company’s new mining chip, a botnet that hunts and destroys XMR mining malware has been discovered by security researchers, and Soluna has announced that it will commence the construction of its Moroccan wind farm in January. Also Read: Weiss Ratings Backtracks After Tipping Ethereum to Beat Bitcoin Bitfury Announces New Mining Hardware San Fransisco-based Bitfury Group has launched a “new suite of bitcoin mining hardware,” powered by its latest SHA-256 ASIC mining chip, the Bitfury Clarke. According to the company’s website, the Bitfury