cryptocurrencies - DigitalAssets

blockchains

Balancing Privacy and Regulation: Focus on Privacy-Enhancing Cryptocurrencies in Anti-Money Laundering Efforts

* An academic paper suggests targeting privacy-preserving cryptocurrencies to combat money laundering. * Methods of undermining trust in permissionless blockchains include 51% attacks, price suppression, and Sybil attacks. * These methods should be a "last resort" after other policy initiatives have been exhausted. * Approach should balance regulatory compliance, innovation, and individual

cryptocurrencies

Stablecoin Issuer Circle Believes Stablecoins Will Become Mainstream Money

* Circle, the issuer of the second-largest stablecoin USDC, believes stablecoins will become mainstream money. * Circle emphasizes the need for global harmonization of regulations for payment stablecoin issuers. * Circle plans to move its global headquarters to New York and calls for federal stablecoin rules in the US. * Circle supports the stablecoin

china

China Considers Revising Anti-Money Laundering Law to Address Risks of Cryptocurrencies

* Chinese lawmakers are considering revising anti-money laundering law to monitor money laundering risks through emerging financial technologies. * The revisions aim to improve detection methods amid the rapid development of new technologies. * The proposed provisions call for collaboration between the central bank and financial regulators to manage money laundering threats from

accusations

Montenegro's Prime Minister Accused of Lying About Connection to Do Kwon and Token Investments

* Montenegro's prime minister lied to the president about knowing Do Kwon on the day of his arrest. * President Milatović confronted the prime minister during a political party meeting. * Former PM Abazović alleged that the prime minister met Do to purchase Terra/Luna tokens. * SEC filings confirm the prime

bitcoin

Bitcoin and Ethereum Prices Rise on Speculation of Fed Rate Cut

* Bitcoin's price rises following the release of the US Federal Reserve's minutes suggesting an interest rate cut in September. * Ethereum also sees a slight increase in price. * Most officials at the meeting agreed to cut interest rates depending on economic data. - Jerome Powell is expected

cryptocurrencies

Paul Ryan Urges Lawmakers to Create Stable Regulatory Framework for Stablecoins

* Crypto policy impacts 2024 Presidential race. * Biden officials to attend policy roundtable. * Former Speaker Paul Ryan urges stablecoin regulation. * Ryan advocates for stablecoins to make US debt attractive. * Ryan calls for bipartisan effort in Congress. * Ryan emphasizes stablecoins on public blockchains uphold American values. Summary : Former Speaker of the House

actors

Stablecoins Poised to Surpass Visa in Payment Volume, Despite Debate

Stablecoins could surpass Visa in total payment volume this quarter, according to research firm Sacra. Sacra argues that stablecoins have a strong advantage in cross-border money movement, offering convenience, speed, and lower costs compared to traditional payment methods. They also claim that major banks are working on integrating stablecoins into