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25-Year-Old Might Face Life Sentence After Running Bitcoin Exchange
A 25-year-old Bitcoin seller is now facing a life sentence after running an unofficial Bitcoin exchange. This was officially announced by the United States Justice Department on Friday. Moreover, the Bitcoin seller has supposedly agreed to plead guilty to the charges. Bitcoin seller facing life sentence This 25-year-old comes from Westwood, Los Angeles, and has reportedly exchanged “up to $25 million in cash and crypto without a license and anti-money…
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India’s Supreme Court Seemingly Supports Crypto, Gives Central Bank 2 Weeks to Justify Crypto Ban
India’s Supreme Court has just released a statement criticizing the country’s central bank. Specifically, the Reserve Bank of India is being criticized for how it has handled the country’s cryptocurrency ban. Moreover, the central bank has now been given just two weeks to address complaints over the crypto ban. India’s Supreme Court orders RBI to justify crypto ban This news came in the latest session of several hearings, detailing the…
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Mnuchin: US Agencies “Likely” To Introduce New Crypto Rules
The United States’ Treasury Secretary, Steven Mnuchin, has said that US regulators will likely issue new cryptocurrency regulations. Specifically, Mnuchin argues that these new rules will make sure cryptocurrencies don’t “negatively impact” the existing financial system.  Mnuchin predicts “more” regulations This news came in a recent CNBC television interview. What’s more, the Trump administration has recently begun to become more active regarding cryptocurrencies. The administration has previously been staying quiet…
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New Report Showcases Why Crypto Can Prevent Money Laundering Better Than Fiat Currencies
Lawmakers and crypto detractors around the world often call money laundering a potential source of worry for cryptocurrency usage. However, a fresh report from news outlet VentureBeat outlines why cryptos actually offer superior identification and prevention of money laundering. Regulatory concerns over crypto money laundering are overplayed This comes as the last week has seen some regulatory backlash against crypto ventures. Perhaps most notably, President Donald Trump took to Twitter…