How Europol Task Force Will Make Bitcoin Stronger and Will Benefit Users
Europol has set up a working group combatting money laundering with digital currency. Experts say it’s good for the industry. On 9 Sept 2016, Europol announced the launch of a Bitcoin money laundering division in partnership with INTERPOL and the Basel Institute on Governance. The terms of reference. The announcement claims that the aims of this setup are to: Gather, analyse, and exchange non-operational information regarding the use of digital currencies as a means of money laundering, and the investigation and recovery of proceeds of crime stored in the same form. Organise annual....
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Reuters, the World news leader in business and financial news, is reporting that a Bitcoin task force of United States regulators has been busy working to put together the first Bitcoin rule-book. The rules will, hopefully, protect the users of bitcoins from fraud while being careful not to dampen down, or smother, what is effectively, still a fledgling technology. Tech 2, an online technology blog also reports that an ever-growing number of companies are willing to accept bitcoins, but since Bitcoin transactions are not centrally regulated, the users of Bitcoin face a maze of rules....
A public-private task force has submitted a report to the Biden administration that includes recommendations to tighten the regulation of cryptocurrencies, including bitcoin, with the aim to combat ransomware. “The cryptocurrency sector that enables ransomware crime should be more closely regulated,” the task force wrote. White House Urged to Tighten Crypto Regulation A task force, organized by the Institute for Security and Technology, submitted a report entitled “Combating Ransomware” to the Biden administration Thursday with 48 recommendations, some of which aim....
Bitcoin has been referred to as a tool that makes it easier for terrorist groups to acquire funding. The recently-acquired enhanced cyber powers by Europol may be used to crack down on Bitcoin and blockchain. In this day and age of digital information and online connectivity, it is hard for law enforcement agencies to sniff out culprits in a convenient....
This week, the Conference of State Bank Supervisors (also known as the CSBS) made an announcement of a new task force charged with the task of studying today's changes in payment systems. The Task Force, aptly named the Emerging Payments Task Force, will set their attention on digital currencies and other innovations down the line "to determine the potential impact on consumer protection, state law, and banks and non-bank entities chartered or licensed by the states." The Task Force will engage with a broad range of stakeholders - including fellow state regulators, federal regulators,....
As the United States and its allies intensified sanctions on Russia for its invasion of Ukraine, the US Justice Department reports the creation of a new task force that will go after crypto exchanges helping move Russian oligarchs’ money. According to a statement made by the Department of Justice on Thursday, the “Kleptocapture” task force […]