North Carolina Passes Bill to Examine Impact of Holding Bitcoin
A bill mandating the North Carolina Department of State Treasurer to investigate the viability and benefits of the state holding Bitcoin has been approved by the General Assembly’s lower chamber. The North Carolina House of Representatives passed a bill on June 28 mandating a $50,000 study of “acquiring, securely storing, insuring, and liquidating” gold bullion […]
Will Crypto Ever Replace Regular Currency for Transactions?
The use of virtual currency has increased since it first gained prominence on social networking sites. Many people still don’t know how to use or make money through it, but they know all of the ups and downs of the market. They know which is the best currency to buy and which currency will face […]
Alaska adds ‘virtual currency’ to its regulatory regime
From 1 January 2023, companies dealing in crypto will have to obtain a money transmission licence in Alaska. The word “virtual currency” will replace it in Alaska’s rules on money transmission as of January 1, 2023. It will require businesses using digital currencies to apply for a state license for money transmission. According to information […]
Interpol establishes team to fight illicit use of digital assets
Following attacks that shook the industry, the International Criminal Police Organization (Interpol) established a specialized section to combat virtual asset crime worldwide. In the run-up to its 90th general assembly, scheduled for October 19–21 in Delhi, India, Interpol revealed at a press conference. High-ranking police chiefs from its 195 member nations will attend the gathering, […]
Hong Kong Cracks Down on a Money Laundering Ring Using Tether
Four persons have been arrested in Hong Kong on suspicion of laundering a total of $155 million using cryptocurrency wallets and bank accounts. The city’s customs agency stated that this was the first time it had encountered virtual currency being used to launder dirty money. A Syndicate Responsible for Money Laundering Recycles $155 Million in […]