As Raiffeisen Russia uses blockchain for real estate, bankers are seeking local regulator involvement in the system
BofA’s new patent proposes a system managing communications data from Internet-connected devices
On Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter directed towards IRS commissioner David Kautter wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US citizens file their taxes.
The Financial Action Task Force expects to release a worldwide set of anti-money laundering standards for crypto in October
The investigation into Danske Bank’s alleged money laundering has uncovered new funds. The amount of “questionable money” flowing through the bank’s Estonian branch has grown from $150 billion to approximately $234 billion. In response, the CEO of Danske Bank turned in his resignation.
Japan’s police agency has released data revealing that cyberattacks leading to thefts of cryptocurrency rose sharply earlier this year.
In a September 14 security breach, hackers reportedly stole $59 million worth of crypto from Japanese cryptocurrency exchange Zaif
Denmark’s largest bank, Danske Bank, reportedly knew that some of its Estonian branch’s clients were on the Russian government’s blacklist but did not close their accounts for two years. The bank is currently being probed by three countries over $150 billion money laundering allegations.
The German Finance Minister doubts that crypto can currently replace traditional currencies and that they are not presently “economically significant”
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