PYMNTS

APRIL 1, 2020

In the middle of February, bitcoin reached $10,500 and dropped to as low as $3,867 in mid-March. The value of bitcoins delivered to darknet markets declined to $3.2 The price of bitcoin was $6,538.14 Bitcoin ATM company Blockstale brought the machine to Lagos, Nigeria’s largest city. million from $4.1

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Bitcoin ATM Legal Framework Digital Currency 49

Fintech News

JULY 17, 2024

The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. These services blend the cryptocurrencies of many users together, making it difficult to trace the origin of funds. Usage of mixers peaked in 2022, with over US$1.5

Money Laundering 106

Money Laundering Law Enforcement AML Non-Bank 106

PYMNTS

JULY 7, 2019

Are new bitcoin rules coming? According to The Wall Street Journal , “the Internal Revenue Service is expected to update its 2014 guidance on cryptocurrencies in coming weeks, following an April request from a bipartisan group of 20 lawmakers. It is part of a broader push to boost the nascent cryptocurrency industry.”

Regulations 82

Regulations Legal Framework Cryptocurrency Bitcoin 82

PYMNTS

JULY 7, 2019

Are new bitcoin rules coming? According to the Wall Street Journal , “the Internal Revenue Service is expected to update its 2014 guidance on cryptocurrencies in coming weeks, following an April request from a bipartisan group of 20 lawmakers. It is part of a broader push to boost the nascent cryptocurrency industry.”

Regulations 51

Regulations Legal Framework Cryptocurrency Bitcoin 51

PYMNTS

APRIL 28, 2019

According to Cleavland.com , the bill sponsored by Ohio Representative Rick Caragna is part of the state’s efforts to build a legal framework for the technology that underpins cryptocurrencies such as bitcoin. It is the first state to let businesses pay their taxes with cryptocurrency.

Blockchain 59

Blockchain Legal Framework Bitcoin Cryptocurrency 59

PYMNTS

AUGUST 20, 2018

Charges of money laundering and illegal money transmission have been levied against a 21-year-old bitcoin dealer in California. The charges allege that Burrell sold roughly $750,000 in bitcoin to about 900 individuals throughout the United States over a period that stretched from January 2015 to April 2016.

Money Laundering 41

Money Laundering Bitcoin Legal Framework Laws 41

PYMNTS

NOVEMBER 28, 2019

In other news, South Korean crypto exchange Upbit revealed that it has lost cryptocurrency worth $49 million. The announcement comes after the Federal Council published a report late last year on the legal framework for blockchain and DLT in the financial sector. Alex Godwin, co-founder of Gladius, said in a statement.

Legal Framework 57

Legal Framework Transactions NOV Settlement 57