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Crypto-currencies, hawala and the spectre of terrorist financing
A new protocol which is based on the chain of trust system used in hawala has been developed and it has the potential to empower people to transact pretty much anything they want to someone else,...
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Video: Scottish store drops GBP for XBT, financial inclusion in action
A high-street shop in Scotland has banned the use of pounds sterling in its store, and is only allowing customers to use bitcoin (XBT1=GBP261.80) – for three days starting on May 13th. The store in...
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Bitcoin: Jersey announces first regulated bitcoin fund #bitcoinisle
The States of Jersey has launched what is believed to be the world’s first regulated bitcoin fund (BTC1=USD624.35) in line with its campaign to become a #bitcoinisle. A Jersey based investment...
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Bitcoin keeps on turning, AML standards body pays attention
And we’re rolling, rolling, rolling on a river… OK so, it doesn’t scan brilliantly, but any fans of crypto currency and/or Tina Turner will get the joke. The Financial Action Task Force (FATF) has...
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Australia: Tiered rules proposed for mobile wallets, #Bitcoin
FSI panel suggests graduated framework. The Government inquiry investigating regulation of Australia’s financial services industry has shied away from proposing strong regulatory action on virtual...
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#Bitcoin: US issues proposed regulations to mixed responses
Well, not mixed from the Bitcoin side of things. Dangerous, problematic, ridiculous, insane, absurd, Orwellian and archaic are just a few of the adjectives bandying around the comments under Benjamin...
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#Bitcoin: #FinCEN notes rise in BTC related SARs
The US government’s anti-money laundering overseer has published a new analysis on suspicious activity it has seen since May 2013 and for the first time ever, Bitcoin gets a mention in the report....
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Will Asian investors trade their gold for bitcoin?
Recent overlaps between gold markets and crypto-currencies are causing a few waves in the digital currency world and as Asian gold imports continue at pace, investors in the region will be keeping an...
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Bitcoin foundation sues for common sense in Florida laundry sting trial
Back in February, Florida police officers posed as money launderers hoping to wash cash by buying bitcoin (BTC) from two men they found on an on-line bitcoin marketplace. Officers arrested the man and...
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Bitcoin: no ML charges for Bitcoin exchangers
Source: Law360, New York (September 04, 2014, 7:00 PM ET) — Two prominent Bitcoin exchangers pled guilty in New York federal court Thursday to unlicensed money-transmitting charges, but escaped more...
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