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ING Bank-Led Security Token-Focused Project Pyctor Was Selected by UK's FCA for its Regulatory Sandbox
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ING Bank-Led Security Token-Focused Project Pyctor Was Selected by UK's FCA for its Regulatory Sandbox

Led by ING Bank, in collaboration with ABN AMRO, BNP Paribas Securities Services, Invesco US, Société Générale – Forge, State Street, and others have launched a digital asset project — Pcytor.

FinCEN Director Kenneth Blanco Warns Banks to Take Crypto AML Seriously
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FinCEN Director Kenneth Blanco Warns Banks to Take Crypto AML Seriously

Kenneth Blanco, the Director of the FinCEN warned banks to seriously consider how virtual currencies should fit into their anti-money laundering (AML) policies.

Crypto & the FATF: ING Develops Travel Rule Protocol for Tracking Crypto Transfers Ahead of FATF Plenary Meeting
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Crypto & the FATF: ING Develops Travel Rule Protocol for Tracking Crypto Transfers Ahead of FATF Plenary Meeting

The FATF has a wide range of recommendations, a total of 40 to ensure regulatory alignment between the compliance imposed on financial institutions and the regulations in its member states. The FATF Travel Rule is Recommendation 16, which has received a lot of attention from the crypto industry, especially virtual asset service providers (VASPs).

Caitlin Long's Avanti Crypto Bank Raises $5 Million Funding Round, Inches Closer to Banking Charter Approval
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Caitlin Long's Avanti Crypto Bank Raises $5 Million Funding Round, Inches Closer to Banking Charter Approval

Avanti Financial Group, the crypto-focused bank, led by the Caitlin Long University of Wyoming Alumna, has taken another important step towards becoming a chartered crypto bank in the country. Caitlin Long is the founder and CEO of Avanti bank. The crypto bank has raised an angel round worth $5 million from several popular investors in cryptocurrency. The University of Wyoming Foundation led the funding round with partnerships from Malex Enterprises, Lemniscap, Antony Pompliano, Morgan Creek Digital, Blockchain Capital, Madison Paige Ventures, Gary Gigot, Digital Currency Group, Susan B. Anthony, and many others.

Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon
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Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon

A leaked trove of US official documents revealed that five major banks were involved in illicit transactions pertaining to mobsters and crypto Ponzi schemes.

Singapore FinTech Festival x SWITCH Highlights Day One
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Singapore FinTech Festival x SWITCH Highlights Day One

The Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and TeCHnology (SWITCH) joined forces for the first time as SFF x SWITCH. The 5-day event began today, bringing together global innovation and the corporate sector, as well as interested members of the public.

Ex-Chief Executive of the HKMA Establishes Digital Wallet Firm to Solve Issues in Cross-Border Trade Finance
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Ex-Chief Executive of the HKMA Establishes Digital Wallet Firm to Solve Issues in Cross-Border Trade Finance

The former Chief Executive of the Hong Kong Monetary Authority (HKMA) has established a new digital wallet company, RD Wallet Technologies Limited.

Canadian Dollar Payments on Blockstream’s Liquid Network Boosting Bitcoin Adoption Powered by Bull Bitcoin
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Canadian Dollar Payments on Blockstream’s Liquid Network Boosting Bitcoin Adoption Powered by Bull Bitcoin

Montreal-based Bitcoin exchange Bull Bitcoin, released Liquid Canadian dollars (L-CAD) using Blockstream’s Liquid Network, taking the Bitcoin standard to Canada. Blockchain’s Liquid sidechain is used for settling Bitcoin transactions.

Why Regulated Banks Have Greater Potential For Financial Crime Than Bitcoin and Crypto
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Why Regulated Banks Have Greater Potential For Financial Crime Than Bitcoin and Crypto

While agencies focus their attention on transparent Bitcoin transactions, banks have had an official free pass disclaimer to facilitate money laundering the entire time.

How Blockchain Technology is Shaping Digital Advertisements
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How Blockchain Technology is Shaping Digital Advertisements

There are thousands of ads everywhere, in our phones, applications, websites, there is hardly anywhere you would turn to (digitally) today without bumping into an ad, even when using ad blockers. According to Forbes, an average person is exposed to about 4,000 to 10,000 digital ads every day. They aren’t cheap; the standard ads we see every day on our phones cost billions.

Nobel Laureate to speak at Asian Financial Forum Global business leaders view post-COVID Economy in January
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Nobel Laureate to speak at Asian Financial Forum Global business leaders view post-COVID Economy in January

17 December 2020 – In light of the ongoing COVID-19 pandemic, the 14th Asian Financial Forum (AFF) will be held virtually on 18 and 19 January 2021. Under the theme “Reshaping the World Economic Landscape”, the forum will examine the challenges at hand and strategize the road to recovery and beyond with more than 150 influential global financial experts, policymakers, business leaders, economists, investors, and entrepreneurs.

Pablo Escobar’s Drug Runner Yasutaka Nakamoto "Could be" Satoshi Nakamoto
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Pablo Escobar’s Drug Runner Yasutaka Nakamoto "Could be" Satoshi Nakamoto

Who is Yasutaka Nakamoto? Who is Satoshi Nakamoto? Are they the same person – Olof Gustaffson believes that Yasutaka had the technical knowledge of creating Bitcoin, as he has had extensive experience with microprocessors and semiconductors. Roberto Escobar, brother of the drug kingpin Pablo Escobar has launched a fork of the Bitcoin blockchain, known as “Dietbitcoin,” in 2019, which later on relocated to Ethereum’s ERC-20 standard. Roberto Escobar claimed that he has encountered a US government agent posing as Satoshi Nakamoto, which he reached the conclusion that the US government created Bitcoin. He further believes that the US government will one day crash the market completely by selling all of Nakamoto’s Bitcoins.

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