# Swiss gov’t starts consultation process for blockchain laws

# Swiss gov’t starts consultation process for blockchain laws

“# Swiss gov’t starts consultation process for blockchain laws ” Switzerland’s Federal Department of Finance has initiated a consultation process for a blanket ordinance in the blockchain and distributed ledger technology space.  The consultation will happen among cantons, parties and other interested groups in this space. It is scheduled to continue for more than three…

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# Latvian regulators warn public about cryptocurrency fraud

# Latvian regulators warn public about cryptocurrency fraud

“# Latvian regulators warn public about cryptocurrency fraud ” Latvia’s Financial and Capital Market Commission has identified suspect transactions and attempted fraud in the domestic cryptocurrency space. In an official warning published on Oct. 19, the FCMC urged investors to “be particularly vigilant, as cryptocurrencies operate in an infrastructure that is currently characterized by lower regulation than…

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# Understanding the EU’s 6AMLD and the risk to your business

# Understanding the EU’s 6AMLD and the risk to your business

“# Understanding the EU’s 6AMLD and the risk to your business ” In January 2020, the European Union released its Fifth Anti-Money Laundering Directive to increase transparency while tackling fraud, money laundering and cybercrimes. The 5AMLD extended the scope of customer due diligence checks, introduced domestic and politically exposed persons, extended the creation of central…

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# Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16

# Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16

“# Law Decoded: The rivalry between central banks and global stablecoins, Oct. 9–16 ” Editor’s note Blockchain technology has attracted regulatory attention since its inception. The security of the Bitcoin network despite the value of BTC in play has consistently proved the resilience of blockchain technology in maintaining records across a vast range of parties….

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# OKEx founder reportedly under investigation as exchange suspends withdrawals

# OKEx founder reportedly under investigation as exchange suspends withdrawals

“# OKEx founder reportedly under investigation as exchange suspends withdrawals ” The founder of major global cryptocurrency exchange OKEx has been reportedly questioned by authorities previous to OKEx suspending cryptocurrency withdrawals. OKEx founder Mingxing Xu, also known as Star Xu, has reportedly been questioned by the police, Chinese news agency Caixin reported on Oct. 16….

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# BTC and OKB plunge after OKEx suspends withdrawals

# BTC and OKB plunge after OKEx suspends withdrawals

“# BTC and OKB plunge after OKEx suspends withdrawals ” Major crypto asset exchange OKEx has suspended cryptocurrency withdrawals, announcing that one of the holders of its private keys is “currently cooperating with a public security bureau” with regard to ongoing “investigations.” The exchange noted that it has been “out of touch” with said key-holder,…

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