Archive: money laundering
The SEC Can’t Kill Crypto
By Vin Narayanan on June 9, 2023
We’re entering a new phase in the development of the crypto ecosystem. The era of crypto exchanges and crypto businesses operating without any regulatory oversight are coming to an end. The European Parliament voted 517-38 in April on a comprehensive package of new rules aimed at regulating the crypto industry. The rules, on balance, appear to be fair to investors, crypto exchanges, and the crypto industry. They provide a relatively clear road map for what’s allowed…
Biden Pushes Government to Regulate Crypto
By Vin Narayanan on March 25, 2022
President Biden signed an executive order earlier this month that directs several federal agencies to develop policies and regulations for cryptocurrencies. Mainstream media reports — and some crypto analysts — linked this development to the U.S. trying to stop Russia from…
DOJ Gives Bitcoin Investors an Unexpected Assist
By Vin Narayanan on February 25, 2022
The Department of Justice gave bitcoin investors an unexpected assist earlier this month. On February 8, the DOJ announced that it had seized more than 94,000 bitcoins that were allegedly stolen when Bitfinex was hacked in 2016. The DOJ also announced…
Crypto Insider: Binance Surrenders to Financial Regulators
By Early Investing on September 13, 2021
Binance, the world’s biggest crypto exchange, has been having a rough time lately. The exchange is facing increasing scrutiny from governments around the world. Financial watchdogs from Britain, Japan, Germany, the U.S. and other countries have all issued warnings…