Under norms known as the travel rule, conventional bank transfers need to identify parties involved in any transaction over 1,000 euros, with suspicious transactions passed on to the authorities. But lawmakers are leaning towards abolishing that lower threshold for crypto transactions, on the basis that large digital payments can easily be broken up into smaller chunks that evade detection, a practice known as smurfing.
One version of the new draft, reviewed by CoinDesk, has a similar provision though significantly toned down from the original. It says that crypto assets “shall be subject to minimum environmental sustainability standards with respect […]
This episode is sponsored by Nexo.io. A recent letter addressed to the social media giant from five democratic senators laid it out clearly; There’s simply no way Meta (formerly Facebook) will be allowed, much less […]
China’s Blockchain Services Network is set to launch portals for its international versions in Turkey and Uzbekistan, according to a press release. Red Date Technology, the BSN’s architect firm, signed an exclusive agreement with consultancy […]
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