Griffith argues that because his April 2019 conference presentation consisted of widely-available public information, he was not providing a "service" to North Korean officials
Bitcoin (BTC) was invented to challenge the hegemonic order of global finance, so naturally, it has had a tense relationship with regulators since its early days. The technical and social roots of cryptocurrency largely stem from communities with a deep distrust of the state. From its design to its driving narratives, crypto is a dissident technology.
The legality of cryptocurrencies is an ongoing debate. While some institutions are trying to situate them within finance rather than keep them out, many governments are still discussing topics including consumer protection legislation, tax regulation, launching institutional investment vehicles such as exchange-traded funds, known as ETFs, and even building central bank digital currencies, otherwise known as CBDCs.
The challenge and concern around Bitcoin and cryptocurrency regulation is how patchwork legislation across jurisdictions may hinder the growth and maturation of the crypto economy that is intended to be a borderless, open financial system.
Stay tuned to daily regulatory news updates in the crypto industry with Cointelegraph.
With new changes to the Travel Rule up for discussion and a bevy of new cases in the courts, it's time to look at how U.S. AML law is shifting to cope with crypto.5059
Regulators are addressing the growing threat of transnational cybercrimes in the financial industry.781
Can anyone hold North Korea responsible for its attacks on the crypto industry?3846
The proposed change would cut down FinCEN's longstanding $3,000 threshold.9832
These week's news highlighted how governments test new regimes for cryptocurrency, which can be slow but are certainly some kind of progress.3626
Russia’s digital ruble will not have the same level of anonymity as cash, says official.2908
The parliament member claimed that there are no anti-blockchain voices in the Russian government4948
Member-led working groups are helping define security standards for tokenized use cases.4874
The central bank wants to learn from private-sector digital currencies — but still believes they are inferior to central bank money.3113
The move reverses a 2018 decision that officials did not have to declare crypto holdings.3452
The CFTC has issued new guidance for crypto derivatives markets that hold customer funds, much of which boils down to "be very, very careful."6642
The outlook is grim for the Canadian messaging app as it loses $5 million over its initial coin offering for Kin tokens.4926
For now, PayPal's crypto payments are more about satisfying regulators than providing users with crypto capabilities.9987
OKEx’s secrecy around locking customer withdrawals has led to misinformation and confusion around what’s happening with the exchange.5390