# B in crypto has reportedly passed through ‘blockchain island’ Malta since 2017

# $71B in crypto has reportedly passed through ‘blockchain island’ Malta since 2017

“# $71B in crypto has reportedly passed through ‘blockchain island’ Malta since 2017 ” Malta’s strategy to become a global enclave for digital assets appears to be working, though lax regulatory oversight has raised concerns over money laundering and other financial crime.  Roughly $71 billion, or 60 billion euros, worth of cryptocurrencies have passed through…

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# How smart regulation can improve the future of blockchain

# How smart regulation can improve the future of blockchain

“# How smart regulation can improve the future of blockchain ” With extreme positions on both sides, some would have us believe that decentralized technology and regulation are mutually exclusive. As pervasive as that narrative has become, a more evolved view is that both decentralization and regulation are inevitable, so the best results will flow…

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# FATF draft guidance targets DeFi with compliance

# FATF draft guidance targets DeFi with compliance

“# FATF draft guidance targets DeFi with compliance ” The decentralized finance, or DeFi, space exploded over the last year, with a total value locked in DeFi of around $90 billion, according to DeBank. The DeFi ecosystem includes projects like Maker, Aave, Compound, Uniswap and more, with new ones rapidly emerging. DeFi is a broad…

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# Crypto.com will provide liquidity to Finxflo in new partnership

# Crypto.com will provide liquidity to Finxflo in new partnership

“# Crypto.com will provide liquidity to Finxflo in new partnership ” Cryptocurrency exchange platform and card issuer Crypto.com will be providing liquidity in a new partnership with Singapore-based hybrid liquidity aggregator Finxflo. In an announcement today, Crypto.com said it would be joining Finxflo as the firm’s first liquidity provider, reportedly allowing the exchange to increase…

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# Crypto lobby groups are gaining traction in Washington as the threat of regulatory bottleneck looms

# Crypto lobby groups are gaining traction in Washington as the threat of regulatory bottleneck looms

“# Crypto lobby groups are gaining traction in Washington as the threat of regulatory bottleneck looms ” Crypto-focused lobby groups in Washington, D.C. are playing an increasingly vital role in reorienting policymakers away from the view that virtual currencies are used primarily for illegal transactions. Now, they are preparing for potentially their biggest battle yet. …

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# Japan’s FSA asks cryptocurrency industry group to introduce FATF travel rule

# Japan’s FSA asks cryptocurrency industry group to introduce FATF travel rule

“# Japan’s FSA asks cryptocurrency industry group to introduce FATF travel rule ” Japan has made another step toward adopting cryptocurrency Anti-Money Laundering regulations developed by the Financial Action Task Force, Cointelegraph Japan reports. The Japanese Financial Services Agency announced Wednesday that it will adopt the FATF’s travel rule — a set of regulations requiring virtual…

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# South Korea faces strict crypto regulation and fears of centralization

# South Korea faces strict crypto regulation and fears of centralization

“# South Korea faces strict crypto regulation and fears of centralization ” From real-name account trading to investigating individuals using cryptocurrencies to evade taxes, government officials in South Korea are enacting stricter regulations to oversee the cryptocurrency industry in the country. These measures often require digital currency businesses to provide detailed customer data and transaction…

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# Users vs. governments: The ‘infinity war’ for blockchain privacy may be over

# Users vs. governments: The ‘infinity war’ for blockchain privacy may be over

“# Users vs. governments: The ‘infinity war’ for blockchain privacy may be over ” The unique power of blockchain and cryptocurrency can also be considered their weakness. Crypto users gain unparalleled privacy for financial transactions through a decentralized transactional system. Governments, however, demand transparency in financial transactions for legal concerns. This creates a paradox. People…

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# France moves to ban anonymous crypto accounts to prevent money laundering

# France moves to ban anonymous crypto accounts to prevent money laundering

“# France moves to ban anonymous crypto accounts to prevent money laundering ” French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing. On Dec. 9, several ministries in France jointly introduced an order aiming to prevent anonymous digital asset transactions by banning…

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