Auto Added by WPeMatico

Central Bank of Uruguay Summons to Binance Due to Its Savings Focused Cryptocurrency Products

The Central Bank of Uruguay has issued a summon to Binance, one of the biggest exchanges in the world, due to the series of crypto-based savings products they are offering…

Continue ReadingCentral Bank of Uruguay Summons to Binance Due to Its Savings Focused Cryptocurrency Products

Netherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Coinbase has announced that the company plans to introduce a number of changes for customers in the Netherlands in order to comply with the 1977 Sanctions Act, a law that…

Continue ReadingNetherlands-Based Coinbase Customers Required to Submit KYC Data When Transferring Crypto off the Platform

Mercadolibre Inks Partnership With Mastercard to Secure Its Crypto Ecosystem in Brazil

Mercadolibre, one of the biggest “e-tailers” in Latam, has partnered with credit giant Mastercard to make use of its tech to secure the cryptocurrency ecosystem of the company. Through this…

Continue ReadingMercadolibre Inks Partnership With Mastercard to Secure Its Crypto Ecosystem in Brazil

Decentralized Finance Crypto Exchange Uniswap Starts Blocking Addresses Linked To ‘Blocked Activities’

Uniswap, one of the main decentralized finance exchanges in the cryptocurrency world, is now taking measures to ensure illegal funds cannot be transacted using its platform. The company has already…

Continue ReadingDecentralized Finance Crypto Exchange Uniswap Starts Blocking Addresses Linked To ‘Blocked Activities’

ETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract

According to the project’s official Twitter account, Tornado Cash, the ethereum mixing service that allows participants to shuffle ether, is blocking flagged ethereum addresses listed on the Office of Foreign…

Continue ReadingETH Mixer Tornado Cash Reveals Blocking OFAC Sanctioned Ethereum Addresses via Chainalysis Oracle Contract

Coinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’

On Wednesday, the publicly-listed cryptocurrency firm Coinbase announced the launch of a collaborative effort called TRUST, which stands for “Travel Rule Universal Solution Technology.” The plan is described as an…

Continue ReadingCoinbase and 17 Other Crypto Firms Launch ‘Travel Rule Universal Solution Technology’

Amex, Visa, Citi, Paypal Invest in Crypto Transaction Monitoring and Forensics Platform

American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of…

Continue ReadingAmex, Visa, Citi, Paypal Invest in Crypto Transaction Monitoring and Forensics Platform

British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes

The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report…

Continue ReadingBritish Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes