Spanish Police: Bitcoin ATMs a Blind Spot for Money Laundering Laws

Spanish law enforcement pointed out that Bitcoin (BTC) automated teller machines (ATMs) show a gap in European Union’s Anti-Money Laundering (AML) regulations, Bloomberg reports on July 11. Per the report, Spanish police uncovered a local gang that used Bitcoin ATMs to transfer more than 9 million euros ($10 million) for drug traffickers in Colombia and other countries. Bloomberg cites anonymous representatives…

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Tether (USDT) Remains King Of Stablecoins Still

Tether, the controversial stable coin has somehow learned the art of survival, especially at times when most of the community is betting against it. The stable coin has been at the center of numerous controversies right from the time of its inception. First, it was the dubious claims over its US dollar reserves, then the…

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There Are Now More Than 5,000 Bitcoin ATMs Around the World

The total number of bitcoin ATMs (BTMs) worldwide reached 5,000 for the first time, monitoring resource CoinATMRadar confirmed on June 24. According to the latest statistics, there are now 5,006 standalone BTMs in around 90 countries, where cryptocurrency users can buy or sell bitcoin (BTC). Some machines offer both services simultaneously. The data caps a protracted period of growth…

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Crypto Exchange Bittrex to Block US Users From Trading in 32 Cryptos

Cryptocurrency exchange Bittrex announced that it will block its United States-based users from trading in 32 cryptocurrencies. The exchange revealed the news in a post on its blog on June 7. Per the announcement, after June 21, U.S. traders won’t be able to access a slew of coins listed on the exchange, including QTUM and STORJ. The exchange noted that U.S. users will…

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Major Consultancy Firm McKinsey Says Retail Banking Sector Slow to Adopt Blockchain

“Big Three” management consultancy firm McKinsey & Company has argued that blockchain technology is gaining slower traction with retail banks due to regulatory hurdles and a conservative consumer environment. The news was reported by Bloomberg on June 7. McKinsey reportedly characterized retail banks as nervous and cautious when it comes to blockchain, as distinct from their ostensibly more adventurous investment…

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Blockchain.info Confirms In-Wallet Paxos Stablecoin Trading Rollout

Cryptocurrency data aggregator and wallet provider Blockchain.info will launch trading of its fifth coin, paxos standard token (PAX), on Monday, the company told industry news outlet CoinDeskon May 31. Paxos is a United States dollar-pegged stablecoin, and its addition will be a first for Blockchain.info in the stablecoin space. Blockchain currently supports four cryptocurrencies: bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH) and stellar (XLM),…

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Protocol Enables Real-World Assets to Be Tokenized on Bitcoin SV Blockchain

A company has launched a protocol enabling businesses to create tokens for real-world assets on the Bitcoin SV (BSV) blockchain, according to a news release published on May 27. Tokenized says asset types including shares, loyalty points, admission tickets and memberships are supported through its ecosystem — with the Australian firm placing an emphasis on offering a product that is regulation friendly.…

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3% of American Retirees Own Some Bitcoin

About 3% of American retirees claimed to own some bitcoin (BTC) in a new survey released by precious metals-focused magazine Gold IRA Guide on April 17. In April, Gold IRA Guide conducted a survey asking 1,000 American retirees over 50 years old about their thoughts on investing in major cryptocurrency bitcoin. According to the survey results, 56.7% of respondents were aware of bitcoin, but were not…

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Japanese Regulator FSA Hears Arguments for not Calling Bitcoin a Virtual Currency

Japanese finance regulator the Financial Services Agency (FSA) no longer wishes to describe Bitcoin (BTC) as a virtual currency, Cointelegraph Japan reported on April 8, quoting minutes of a meeting originally held on March 4. During a plenary session at the 41st General Assembly of the Financial Council and the 29th Financial Division Meeting, Professor Iwashita Goto of the Public…

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