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The UK's data privacy chief has joined the chorus of warnings over Facebook's proposed digital currency, Libra.
Elizabeth Denham, who runs the Information Commissioner's Office, has signed a statement alongside counterparts in the US, Canada, Australia and the European Union.
OBSERVATIONS FROM THE FINTECH SNARK TANK
Walmart announced that it applied for a cryptocurrency patent and, predictably, the cryptopress began speculating about the giant retailers' plans and intentions. CCN wrote:
MOSCOW (Reuters) - Russian investigators said on Saturday that had opened a criminal investigation into the alleged laundering of 1 billion roubles ($15.3 million) by an anti-corruption foundation set up by jailed opposition politician Alexei Navalny.
LONDON, Aug. 2, 2019 /PRNewswire/ -- Elliptic announces today the release of the Elliptic Data Set -- the world's largest set of labeled transaction data publicly available in any cryptocurrency -- to motivate and enable the development of new techniques for detection of illicit cryptocurrency transactions.
The massive tax bust of crypto owners has begun with the IRS mailing 10,000 letters to crypto account owners. These letters educate crypto account holders about the rules and tell taxpayers to review their tax reporting for crypto transactions to be sure they reported income correctly. If necessary, taxpayers should file amended tax returns and or late returns.
Kraken, consistently rated the most secure digital asset exchange and leader in euro volume since 2013, today announced the acquisition of Interchange, a best-in-class accounting, reconciliation and reporting service provider for cryptocurrency hedge funds, asset managers and fund administrators.
Most of the time, earning money through cryptocurrency isn’t “tax-free”. Tax authorities in your country may struggle to understand the mechanisms behind cryptocurrency, but they do know how to recognize profit and get their share of it. So, how is cryptocurrency taxed? Well, it depends a lot on where you live.
When Facebook announced plans in June to launch a new digital currency called Libra, the news sent monetary officials scrambling in China.
That's because since 2014, the People's Bank of China has been looking into building its own, centrally controlled cryptocurrency.
SYDNEY — Australia’s government said Tuesday it would investigate relations between consular officials and the country’s main casino operator, Crown Resorts, after news reports alleged that organized-crime gangs from China were laundering money through its casinos in Melbourne and Perth.
Combatting money laundering and the financing of terrorism has been a priority for U.S. national security and law enforcement since the 1970 passage of the Bank Secrecy Act (BSA), which requires financial institutions in the United States to assist U.S. government agencies in detecting and preventing money laundering.