The U.S. Treasury Confirms That We Can Remove “Illicit Activity” From The Bit...
With the U.S. Treasury recently indicating that bitcoin and altcoins aren’t used for significant illicit activity, it’s time to change the narrative.It’s time to take “illicit activity” off the FUD dice. Earlier this month, the U.S. Department of the Treasury published reports that indicated that the use of bitcoin and other cryptocurrencies for illicit activity is far outstripped by the use of traditional assets. Critics can no longer credibly present the specter of illicit activity to beat back bitcoin; now the foremost experts in the world say it is not a major threat.The Treasury....
Related News
Yellen succeeds Steven Mnuchin in running the U.S. government’s treasury. Here’s what she will oversee in the crypto world.
Blockchain intelligence startup Elliptic has partnered with the Internet Watch Foundation (IWF) to help tackle child pornography bought with Bitcoin. IWF Taps Blockchain Intelligence. Elliptic, which counts major Bitcoin operators including Bitpay among its clients, already reports to law enforcement on various forms of “illicit activity” involving....
The new set of crypto regulatory proposals in the U.K. aims to bring DeFi under the scope of the law on a case-to-case basis. The United Kingdom is actively looking to regulate the crypto market and has proposed many new policies to bring various crypto markets under the rule of law. However, among the various newly proposed suggestions, what turned many heads is the request to remove blockchain and Distributed Ledger Technology (DLT) references from the definition of crypto assets.BRITAIN SETS OUT PLANS FOR REGULATING CRYPTO ASSETS, PROPOSES TO REMOVE REFERENCE TO BLOCKCHAIN FROM THE....
Ripple placed its treasury business at the center of a new XRP price prediction after promoting Ripple Treasury as a platform with full cash visibility with notable numbers. An analyst on X has since noted that those numbers, when run through a valuation model, point to an average price of at least $625 for XRP. […]
The new US Treasury Secretary Janet Yellen’s recent negative comments about Bitcoin and crypto have revolved around alleged “illicit use.” However, data from a top blockchain analysis firm claims that under 1% of all cryptocurrency transactions are related to criminal activity. Here’s why the former Federal Reserve Chair’s assumptions about the digital asset class are way off base. Under 1% of Crypto Transactions Are Tied To Illicit Use Bitcoin is an asset and currency unlike anything […]