FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls

FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering ControlsThe Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote financial inclusion. Yet despite this acknowledgment, the FSB still argues against the […]

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20 Blockchain Surveillance Firms Monitor Crypto Networks, But Some Apps Show Inaccuracies

20 Blockchain Surveillance Firms Monitor Cryptos, But Some Apps Show InaccuraciesDuring the last few years, blockchain surveillance has increased a great deal and in the early days around 2013-14, there were only a handful of firms. Now there are more than 20 blockchain analysis companies that monitor addresses, transactions, and making sure addresses are AML/CFT compliant as well. The Rise of Blockchain Analysis Ventures In […]

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Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases

Germans Rush to Buy Gold as Draft Bill Restricts PurchasesReports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set at €15,000. A draft bill from the German […]

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Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches

Australia Probes Big Four Bank Accused of 23 Million Money Laundering BreachesWith stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one of the country’s largest banks, is now under investigation for millions of purported violations of […]

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