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Crypto cross-border payments, explained

It’s cheaper and faster… and could also help clamp down on money laundering. There’s a lot of excitement surrounding how crypto could transform cross-border payments as we know it — making remittances, where workers in foreign countries send funds to their loved ones back home, much less expensive. At present, the World Bank estimates that remittances sent through fiat channels result in average fees of 6.75%. For someone on a modest...

Dutch Bitcoin firm reluctantly tightens rules at central bank's behest

Bitconic, a Netherlands-based Bitcoin (BTC) exchange, has informed its users that they now need to comply with a new verification measure in order to continue to use their services. The change comes following new requirements from the Dutch central bank, which were published in Nov. 2019 and stipulate that: “Crypto service providers must check whether their clients and any ultimate beneficiary owners (UBOs) are on a Dutch or European sanctions...

How far can the DoJ really go in prosecuting foreign actors?

In early October, the U.S. Department of Justice revealed its Cryptocurrency Enforcement Framework, a report laying bare the government’s vision for emerging threats and enforcement strategies in the cryptocurrency space. The document is an important source of insight into how the laws governing digital finance will be soon implemented on the ground. One of the fundamental principles that the government asserts in the document is its broad...

4 reasons why Bitcoin price is on the verge of a new all-time high

Earlier today the price of Bitcoin (BTC) hit $18,815 on Binance for the first time in nearly three years. Following the breakout, BTC is on track to see a new all-time high in the near term for four significant reasons. The factors that make a new record high likely are growing institutional demand, reduced selling pressure, a spot-driven market rally, and the significance of the $18,500 resistance breach. BTC/USD 4-hour chart. Source:...

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