Prepping for Next Year’s Travel Rule: 25 US Crypto Service Providers Publish Compliance Solutions Paper

A great number of cryptocurrency businesses are preparing for the upcoming Financial Action Task Force (FATF) rules toward cryptocurrencies, specifically the Travel Rule. This month 25 Virtual Asset Service Providers (VASPs) published a paper that outlines how American-based VASPs aim to comply with the FATF Travel Rule. Digital currency companies, Read more…

The Bitcoin Group #232 – PayPal Finally Accepts Bitcoin – $13,000 – 100 year HODL – more popular tha

WCN T-Shirts: http://worldcryptonetwork.store/ Donate Bitcoin: 3NqhJSAikoFiYmZm3ACGzdw9Lr86ZiLT7K Join our New Patreon: https://www.patreon.com/wcn Subscribe to the WCN Audio Podcast on Itunes: https://itunes.apple.com/us/podcast/world-crypto-network/id825708806?mt=2 Featuring… Joshua Scigala (https://twitter.com/Vaultoro) Martijn Wismeijer (https://www.generalbytes.com/en/) and Thomas Hunt (https://twitter.com/MadBitcoins) THIS WEEK: PayPal Just Gave 346 Million People A New Way To Buy Bitcoin—But There’s A Nasty Catch https://www.forbes.com/sites/billybambrough/2020/10/23/paypal-just-gave-346-million-people-a-new-way-to-buy-bitcoin-but-theres-a-nasty-catch/#6b43de8f2b61 Read more…

Justin Sun’s P2P Streaming Service Acquires eSports Platform DLive; Now Launches BitTorrent X Ecosystem

BitTorrent Inc, the popular peer-to-peer data sharing protocol and app, has acquired the well-known decentralized streaming platform DLive. The firm also announced that it will roll out the decentralized DLive platform to its newly established BitTorrent X ecosystem. The BitTorrent X ecosystem consists of a popular file-sharing system called BitTorrent Read more…

FinCEN proposes lower threshold for transaction data-gathering under FATF’s ‘travel rule’ including those made with crypto

Newly proposed rule changes from the Financial Crimes Enforcement Network (FinCEN) and the U.S. Federal Reserve would, if approved, drop the transaction reporting threshold under the international “travel rule,” including those made with cryptocurrencies and digital assets. As noted in the proposed rule change document, the amendments “would reduce this Read more…

Bitcoin Futures Exchange CME Is Seeing New Highs

The highly-regulated Chicago Mercantile Exchange has overtaken BitMEX as the derivatives exchange with the second largest amount of open interest for Bitcoin futures contracts, data from Skew Analytics shows. This, after US law enforcement pressed charges against BitMEX’s owners for complacency over money-laundering at the beginning of the month. OKEx is still the leader in Read more…

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