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U.S. Treasury Releases Proposed Rules; Hiring Crypto Policy Officers

The  U.S. Treasury has released its proposal to restrict money services businesses pertaining to dealing with self-hosted wallets. In the announcement, published by the U.S. Treasury’s Financial Crimes Enforcement Network, or FinCEN arm, the regulator announced recommended rules demanding enrolled crypto exchanges to verify the “identity of their customers, if a counterparty uses an unhosted… Read More

French Ministry Of Finance Releases Strict KYC Requirements For Crypto As U.S. Plans Similar Actions

The French Ministry of Finance has revealed rigorous know-your-customer (KYC) requirements for all crypto transactions. According to a new document released by French Minister Bruno Le Maire, all virtual asset providers (VASPs) in France will now have to prohibit anonymous crypto accounts and cryptocurrencies. The order allegedly inspired by the recent terror attack in France… Read More

Brian Armstrong Warns Game-Changing Crypto Regulation Coming Under Trump Admin Echoing Bitboy Crypto’s Warnings

Brian Armstrong has warned about a rumored Trump Administration plan to crackdown on cryptocurrency. The Coinbase CEO tweeted a thread criticizing the U.S. Treasury Department’s purported scheme to attempt to track owners of self-hosted non-custodial cryptocurrency wallets with data collection including know your customer laws. Last week we heard rumors that the U.S. Treasury and… Read More

Bitmex Faces A Second Lawsuit Alleging Money Laundering, Racketeering and Market Manipulation

Bitmex and its executives face another lawsuit that alleges racketeering, money laundering, and market manipulation took place at the exchange. The Block reports, that Păun Gabriel-Razvan, a resident of Bucuresti, Romania, has joined others accusing BitMEX’s internal trading desk of directly participating in manipulation schemes. Gabriel-Razvan filed the lawsuit in the Northern District Court of… Read More

Leak May Have Exposed 8,000 Digitex Users to KYC Info Theft

The cryptocurrency derivatives exchange Digitex may have recently leaked stolen Know-Your-Customer (KYC) info on Telegram. The data was posted by an ex-employee. According to reports, the data was stolen, then published to the general public. The data drop included passports, driving license scans and other sensitive documentation that was supplied by more than 8,000 Digitex… Read More

Binance Hid Extent of May Hack From Users

Hiding the Truth is the Same as Lying Yesterday we posted an article on the Binance KYC Hack drama and walked away with more questions than answers. Today, Coindesk has provided a lot of the answers. Coindesk has some exclusive insider info to the story considering they have actually been in touch with the individual… Read More

Binance KYC Hack: Everything You Need to Know

Binance KYC Hack: Did it Happen or Not? While this story is still breaking, at the moment the picture is coming a little more into focus. Early this morning, a Telegram group opened that was sharing photos of people holding passports that were supposedly from Binance users. Rumors of stolen usernames started to circulate around… Read More

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