The international watchdog says P2P stablecoin transfers via self-custody wallets can bypass AML checks and urges countries to assess risks and apply proportionate safeguards.
P2P News
Peer-to-peer (P2P) networking is a distributed application architecture built upon the principle of the equality of participants. Commonly, P2P networks do not have dedicated servers and every peer takes a part of the work. P2P systems have been used in many application domains but became popular after the launch of the P2P file sharing system called Napster. Today, P2P networks are known for being platforms for the development of cryptocurrencies, such as Bitcoin, Ether and many others. P2P networks have proven themselves as robust, useful and secure, which then led to the establishment of P2P payment systems and to their growth in popularity. Current P2P networks are used in finance, content delivery, peer-to-peer file sharing, copyright infringement, multimedia and distributed search engines for building secure and trusted networks.
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Rising crypto wealth is increasing the stakes of physical coercion. “Wrench attacks” show how digital assets can become real-world targets.
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Bitcoin Core’s first independent audit found no serious vulnerabilities, with reviewers praising the project’s security, testing depth and overall code maturity.
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The Venezuelan opposition leader has championed Bitcoin as a lifeline for individuals trying to protect their wealth or attempting to flee the country.
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Despite coming under fire for integrating MobileCoin payments in 2021, Signal continues to support it as the only in-app payment option, according to its website.
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Thai regulators are sharpening measures against digital asset mule accounts, restricting foreign crypto P2P platforms and imposing penalties of up to $8,700.
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LimeWire reenters the file-sharing space with a Web3 approach, launching a new feature powered by BNB Greenfield.
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EigenLayer kicked off programmatic EIGEN token incentives for restakers in October.
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P2P.org aims to retain its lead among EigenLayer validators ahead of the protocol’s expected boost to restaking rewards.
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The staking services company and validator reported that it reached $7.5 billion in total value locked in April.
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Nigeria’s SEC is set to launch a new regulatory framework for crypto exchanges and custodians “in the coming days.”
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CommEx previously remained silent about its founders or key executives, but admitted having some former Binance Russia veterans in the team.
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The FSA says its recommendations don’t envisage “any transactions from one individual to another.”
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The Financial Services Agency and the National Police Agency encourage banks to “further strengthen their user’s protection.”
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Singapore, Malaysia, the UAE, France, Benelux countries, Nepal and the U.K. have adopted the NPCI’s UPI payments system to varying degrees.
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