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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

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However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. Central Bank Digital Currency (CBDC) ).

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Austrian Telecom A1 Now Accepts Cryptocurrency

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Austria’s major telecommunications firm A1 is now accepting payments in cryptocurrency as part of a pilot project, the company said in a recent blog post. He noted that this emergence has crept into just about every major economic sector, and as more people buy cryptocurrency, cash becomes obsolete.

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Bitcoin Daily: Ukraine Busts Alleged Crypto Laundering Operation; Blockchain Shipping Platform TradeLens Expands

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Binance helped catch a purported cybercrime organization behind an alleged $42 million laundering effort, according to a statement from the cryptocurrency exchange. The joint effort began in July with data integration from the Gemport and Gebze terminals to the technology, which is based on blockchain. Moller – Maersk together.

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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

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Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Cloud-based KYC activities were among the new technologies most used by U.S. Smaller companies were less likely to report investing in and using AML technologies.

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Bitcoin Daily: Travala.com Combines With TravelbyBit; France Tests Blockchain-Operational Digital Euro

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Blockchain-based lodging reservation platform Travala.com has unveiled a merger with TravelbyBit, a Binance-backed “cryptocurrency-friendly” flight reservation site, according to an announcement on Wednesday (May 20). ” The firms will cross-market each of their travel services as the initial step of the merger. .”

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Crypto Businesses Overcome The Challenge Of Getting Banked

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The volatility of cryptocurrencies and their existence in what’s often a grey area of regulatory compliance make businesses operating in this sector an unattractive target for traditional financial institutions. FIs themselves struggle with fully understanding how this industry operates, too.

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EU To Crack Down On Stablecoin Projects

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The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s Last fall, the Libra Association petitioned the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned cryptocurrency.