# FinCEN lists cryptocurrencies as top AML and CFT priorities

# FinCEN lists cryptocurrencies as top AML and CFT priorities

“# FinCEN lists cryptocurrencies as top AML and CFT priorities ” The United States’ Financial Crimes Enforcement Network will continue to closely follow the cryptocurrency industry as one of its top priorities for combating crimes like money laundering. FinCEN officially announced Thursday that “virtual currency considerations,” or operations involving cryptocurrencies like Bitcoin (BTC), will be…

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# Binance resumes fiat withdrawals via Faster Payments in UK

# Binance resumes fiat withdrawals via Faster Payments in UK

“# Binance resumes fiat withdrawals via Faster Payments in UK ” Leading decentralized crypto exchange by trade volume Binance has restored British pound withdrawals using the Faster Payments network. On June 28, Binance uploaded a notice revealing that withdrawals via Faster Payments, a popular United Kingdom-based inter-bank payments platform, had been suspended for maintenance. The…

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# House committee reviews cryptocurrency risks, regulations in hearing

# House committee reviews cryptocurrency risks, regulations in hearing

“# House committee reviews cryptocurrency risks, regulations in hearing ” The U.S. House committee on financial services held a hearing Wednesday for legislators and a panel of witnesses to discuss cryptocurrency regulation in the United States. The subcommittee on oversight and investigations invited expert witnesses to testify before congress on the risks and opportunities of…

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# FINRA orders Robinhood to pay M due in part to ‘significant harm’ platform caused users

# FINRA orders Robinhood to pay $70M due in part to ‘significant harm’ platform caused users

“# FINRA orders Robinhood to pay $70M due in part to ‘significant harm’ platform caused users ” The U.S. Financial Industry Regulatory Authority is penalizing Robinhood to the tune of roughly $70 million based on the results of an investigation into the stock and cryptocurrency trading app. In a Wednesday announcement, the Financial Industry Regulatory…

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# Bitcoin’s evolving narratives make it antifragile

# Bitcoin’s evolving narratives make it antifragile

“# Bitcoin’s evolving narratives make it antifragile ” Over the years, Bitcoin has been able to overcome naysayers by frequently reinventing its narrative. Because Bitcoin (BTC) is multifaceted, it is able to quickly change to confront new criticism. We have seen this over the years. For example, Bitcoin used to be frequently assailed by the…

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# Russia’s central bank to study crypto investment risks

# Russia’s central bank to study crypto investment risks

“# Russia’s central bank to study crypto investment risks ” Russia’s central bank has scheduled a risk assessment for cryptocurrencies like Bitcoin (BTC), according to the Bank of Russia’s screening program for the second half of 2021. The examination of the potential risks of cryptocurrency investing will consider “systemic risks linked to cryptocurrency investment by Russian…

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