The upcoming FATF interpretive note is not doomsday for cryptocurrency
We break down the good, the middling, and the bad.
We've had a number of people ask us about the FATF interpretive note that will be coming out this year and how it may change anti-money laundering (AML) law with...
As outlined in its consultation paper, “Transposition of the Fifth Money Laundering Directive”, HM Treasury is currently considering broadening the scope of the UK’s anti-money laundering/countering the financing of terrorism...
The case does not signal a policy shift by the SEC away from its reasonable guidance
When Kik made public its Wells notice response in January, many folks asked us what we thought and whether we would be commenting on the matter. What we told anyone...
Coin Center Travel Series: Venezuela by way of Medellín, Colombia
A unique mix of middling interest from locals, excited evangelists, and a corrupt government's perversion of this technology
This is the latest installment of Coin Center's multi-part travel series examining how cryptocurrency is used around the world. One cannot talk about cryptocurrencies in Colombia without talking about neighboring Venezuela....
In the second installment of their multi-part series meant to help those who may need to transact privately in the course of their sensitive work, security expert Eric Wall details...
Non-custodial cryptocurrency mixer developers are not subject to U.S. regulation.
A recent seizure of a custodial cryptocurrency mixer by EU authorities has prompted some people to ask us what this means for popular privacy software like CoinJoin or Wasabi Wallet,...
The IRS has told Congress that it will issue new cryptocurrency tax guidance soon.
In a new letter, the IRS Commissioner said he has “made it a priority” to issue additional guidance on crypto taxation. Last week, Commissioner Charles Rettig responded to an April...
FinCEN’s new cryptocurrency guidance matches Coin Center recommendations
Multi-sig wallets, decentralized exchanges, and privacy protecting cryptocurrency developers are not regulated
Today the Financial Crimes Enforcement Network (FinCEN) issued new guidance on how the Bank Secrecy Act (BSA) applies to cryptocurrencies and its users. Here’s our initial analysis of that guidance...
Evaluating estimates of Bitcoin electricity use
Untangling an increasingly important question
Bitcoin and similar proof-of-work cryptocurrencies use electricity to secure their networks. All over the world, data centers are humming away, performing the calculations needed to provide that security. Those computers...
Coin Center Travel Series: Bogota, Colombia
Despite regulatory chasms, the promise of a more transparent system is alluring
This is the latest installment of Coin Center's multi-part travel series examining how cryptocurrency is used around the world. During my two months in Colombia, it was clear that there are...