In Defense Of Bitcoin Full Reserve: Not Anti-Credit, But Anti-Fiduciary Media
As we continue to debate the proper roles of crypto and lending, bitcoin full reserve can be the future for credit and commerce.This is an opinion editorial by Stephan Livera, host of the “Stephan Livera Podcast” and managing director of Swan Bitcoin International.The debate rages on about what the proper roles of bitcoin, “crypto” and lending should be. What kind of credit should we have, if any? What is fiduciary media and do we need it? Or should it all be fully reserved? In this article I will spell out some thoughts on this long-running debate and how it applies in a Bitcoin....
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A Florida judge is scheduled to decide on July 1 if bitcoin is really money, according to American Banker. The judge is expected to rule whether a man charged with selling bitcoin to undercover police was violating the state’s anti-money launder law, as charged by law enforcement. The defense argues that bitcoin is personal property, so the man can’t be accused of operating an unlicensed money transmitter business. Police arrested Michel Espinoza in a Miami Beach motel in 2014 for agreeing to sell $30,000 worth of bitcoin to an undercover police officer he met on LocalBitcoins.com.....
PRESS RELEASE. Based on the Anti-liquidation protocol, Shaktiio develops a liquidation protection programme for CeFi lending platforms. The anti-liquidation protocol aids the stability of the bitcoin market by preventing it from being overextended. The expansion of the loan market and the extensive usage of trading instruments, including the use of leverage, has resulted in the imposition of massive amounts of collateral on banks and other financial institutions. In the event of a dramatic market decline, mass liquidations will rise and harm the market unless a method is developed and....
The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to the Russian parliament.
Russian Miners Using Household Electricity Should Pay Higher Bills, Anti-Monopoly Body Says
Russia’s Federal Anti-monopoly Service (FAS) has designed a scheme to charge amateur crypto miners increased rates for the electricity they use. The agency insists its approach to solving the problem with....
The Argentinian anti-money laundering regulator is reportedly working to force cryptocurrency firms to report their movements and take AML measures on Argentinian soil. The regulation for this purpose might be ready for approval this year, according to local media. This could be the consequence of the recent requirement approved in the deal the country made with the International Monetary Fund (IMF).
Argentinian Exchanges Might Have to Report Transactions Later This Year
The Argentinian money laundering watchdog is taking cryptocurrency transactions seriously. The Financial....
The European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocurrency transfers. Europe Steps Up Anti-Money Laundering Efforts on Union Level In response to calls for enforcement of anti-money laundering (AML) rules throughout Europe, the European Commission is likely to propose the establishment of a new Anti-Money Laundering Authority (AMLA). According to documents seen by Reuters, the agency should....