The European Union’s 5th Anti-Money Laundering Directive (5AMLD) came into effect January 10. The regulation was entered as law on July 9, 2018 in an effort to bring increased transparency to financial transactions for pushing back against money laundering and…
One of the great things about reporting on the blockchain/crypto industry is the infinite variety of interesting, smart people doing bold, crazy things. From daring entrepreneurs and builders, to inspired thinkers and communicators, this space has no shortage of colorful…
CCTV reported on Dec 22nd, Chinese authorities have seized nearly 7000 crypto mining machines, illegally consuming electric power. The cryptocurrency mining confiscation came as part of an inspection of more than 70,000.00 households, 3,061 merchants, 1,470 communities, as well as…
Fiat payment gateways are no longer the enemy of bitcoin. Today the fiat and crypto worlds are bridged and doing business. Many centralized payment processors have learned to live with decentralized currency. Enemies become Frenemies In the early days of…
Anti-Money Laundering (AML) laws apply to everyone. The US Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco spoke at the University of Georgetown where he made it clear. On Oct. 21, banking trade publication American Banker reported that Blanco said that fintech…
France is apparently seeing a surge in cryptocurrency adoption. In late September, over 25,000 points-of-sale of 30 French retailers had been installed. Including sportswear giant Decathlon and cosmetics store Sephora will start accepting BTC payments by early 2020. As earlier…
On Monday, a number of cryptocurrencies gained between 2-5% over the course of the day. Crypto prices have held steady into the next day and many digital assets will likely test key resistance levels in order to press forward. Strong…
Every year, millions of dollars of cryptocurrency stolen from crypto wallets. Security researchers were surprised to find one active botnet being run for just about $160. The bargain Trojan malware is called MasterMana Botnet. It uses mass mailing to send…
Nowadays, the list of marketplaces and retailers accepting Bitcoin and other cryptocurrencies is significantly larger. They are Providing crypto enthusiasts with more options for making real-world purchases. Currently, several fast-food restaurants and coffee shops have started accepting Bitcoin as payment. Food with…
Last month The Portuguese Tax Authority (PTA) announced that there is no value added tax (VAT) for any cryptocurrency transactions and payments in cryptocurrency. Portuguese tax benefit for crypto traders: Ruling 5717/2015, stating that the sale of cryptocurrencies to people…