Tag: virtual currencies

UK Treasury Report Calls for Less Regulation of Digital Currency Wallet Providers

Britain’s finance ministry has released a new report calling for the exemption of strict KYC/AML requirements on digital currency online wallet providers. The 63-page report, Acting Plain for anti-money laundering and counter-terrorist finance, states that as a result of HM Treasury’s call for information on digital currencies in 2014, officials concluded that usage of virtual currencies in illegal activities was quite low. The report states: “Responses also highlighted that some …
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Russian Lawmaker Believes Terrorism is Frequently Financed via Digital Currencies

Russian law professor Alexander Bastrykin, who is currently Chairman of the Investigative Committee of Russia and also General of Justice of the Russian Federation, stated that digital currencies are a threat to the stability of the Russian economy. In an interview with Russian newspaper Kommersant.ru, Bastrykin explained that virtual currencies that are not issued by a government authority or central bank may challenge the dominance of the Russian Rouble. A …
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