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US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime

US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime

The US Secret Service is hoping to put an end to the increasing money-laundering cases that have erupted with the rise of COVID-19, by creating a special division, dubbed the Cyber Fraud Task Force (CFTF).

Former SEC Official Reveals why He Thinks Ripple Has a Good Chance of Winning SEC Lawsuit over XRP

Former SEC Official Reveals why He Thinks Ripple Has a Good Chance of Winning SEC Lawsuit over XRP

Joseph Hall, a partner at Davis Polk law firm, thinks that Ripple has a good chance of winning the legal case the SEC has built against XRP cryptocurrency.

FinCEN Proposes Cryptocurrency Guidelines to Fight Money Laundering and Regulate Unhosted Wallets

FinCEN Proposes Cryptocurrency Guidelines to Fight Money Laundering and Regulate Unhosted Wallets

The Financial Crimes Enforcement Network (FinCEN) has proposed regulatory measures for businesses operating with cryptocurrencies, such as exchanges.

South Korea’s Financial Services Commission to Ban Privacy Coins from Exchanges

South Korea’s Financial Services Commission to Ban Privacy Coins from Exchanges

South Korea’s Financial Services Commission (FSC) will ban privacy-centric digital assets or “dark coins” from exchanges as they present a high money laundering risk.

Bank of Spain Plans to Look at Design Proposals and Economic Implications of a CBDC

Bank of Spain Plans to Look at Design Proposals and Economic Implications of a CBDC

Spain’s Central Bank mentioned that it would study the design proposals and economic implications of a CBDC in the country.

People’s Bank of China Announces Its Digital Currency is Ready

People’s Bank of China Announces Its Digital Currency is Ready

The central bank of China has announced that its digital currency can now be said to be ready. Speaking in a major event, the China forum as reported by local news site Shanghai Securities News on August 10, the deputy director of the people’s Bank of China (PBoC) Mu Changchun stated that over five years of rigorous research work has been put into creating a prototype that adopts the Blockchain architecture

Racing to Save the Planet: The Role of Blockchain in Sustainability

Racing to Save the Planet: The Role of Blockchain in Sustainability

The world is in decay. A long list of environmental disasters and the relentless requirement for fossil fuels are pushing Earth's capabilities to heal itself to a dangerous tipping point. Blockchain might very well be mankind's last hope to avoid the fall.

Paraguay Begins to Audit Local Crypto Industry to Comply with FATF Guidelines

Paraguay Begins to Audit Local Crypto Industry to Comply with FATF Guidelines

Paraguay is looking to take its cryptocurrency industry mainstream, in light of the Financial Action Task Force’s (FATF) guidance on virtual asset service providers (VASPs) released earlier this year.

US FDA Calls Meeting on Blockchain, AI and the New Era of Smarter Food Safety

US FDA Calls Meeting on Blockchain, AI and the New Era of Smarter Food Safety

The FDA will hold a meeting on October 21st, with the aim of gathering input and feedback to help shape an FDA blueprint for the initiative. The FDA will propose leveraging modern technologies such as blockchain, artificial intelligence, and IoT to improve the transparency and decrease the risks of contamination in the food supply chain.

ECB to Meet the Growing Demand for Digital Payments with a CBDC Digital Euro

ECB to Meet the Growing Demand for Digital Payments with a CBDC Digital Euro

President of the ECB Christine Lagarde broached the topic of CBDC issuance and why the bank was seriously considering the creation of a digital euro.

MAS Proposes New Regulations to Tighten Crypto Business Activities

MAS Proposes New Regulations to Tighten Crypto Business Activities

The Monetary Authority of Singapore (MAS) has published a consultation paper proposing a new set of regulations that may stiffen the emergence and activities of crypto industries in the country. Despite the proactive strides of the MAS towards the development of the country’s central bank digital currency (CBDC), the apex bank is set to reinforce its regulations on digital currencies.

Ugandan Government Forms an Expert Task Force to Delve into Crypto Usage

Ugandan Government Forms an Expert Task Force to Delve into Crypto Usage

The Ugandan government has formed a team of experts to research and offer guidance on digital financial operations, such as cryptocurrencies in the wake of recent crypto scams.

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